Belay Prop Firm Rule Engine
- Yardımcı programlar
- Sürüm: 1.1
- Etkinleştirmeler: 5
Belay Prop Firm Rule Engine is a utility that enforces prop firm rules and closes positions before the account breaches a limit.
Belay never opens trades itself. It tracks daily and maximum drawdown in real time, taking into account floating P/L, commissions, swap and slippage on close. When the remaining room to a limit drops to a set buffer, Belay closes all positions, deletes pending orders and locks trading: until the day reset for the daily limit, and permanently for the maximum drawdown.
Features:
- 30+ ready-made presets with the rules of popular prop firms for each stage (Phase 1, Phase 2, Funded), plus your own rules (FLEXIBLE and Custom);
- static and trailing drawdown (Tick, Close, EOD), with various bases and calculation criteria (balance, equity);
- firm time with summer/winter time changes and a configurable day reset hour;
- control of the profit target, minimum trading and profitable days, consistency and Quick Strike rules;
- no overnight or weekend holding, with a reminder and automatic closing;
- windows around high-impact economic calendar news, with a reminder and position closing before the window;
- required stop loss and a warning when the total risk to stops exceeds the remaining room to the limit;
- yellow and red levels with hysteresis, Alert windows, sound, push notifications and email;
- compact panel with dark and light themes, setup wizard and event journal;
- practice mode in the visual strategy tester: random trades let you see the protection at work before going live.
Important: before you start
1. Attach Belay while Algo Trading is on
Attach Belay to a chart when the "Algo Trading" button on the terminal toolbar is already on. If you attach it while the button is off, MetaTrader 5 remembers the restriction for this EA, and Belay will show "✕ Not protected" even after you turn the button on. There are two ways to fix this: open Belay's properties (F7) → "Common" tab → enable "Allow Algo Trading", or attach Belay to the chart again.
2. Protection works only while the terminal is running
Belay can close positions only while the terminal is running and connected to the account. If the computer is off or the terminal is closed, there is no protection. Use a VPS for 24/7 protection.
3. Check your firm's rules
Belay is not affiliated with any prop firm. The preset rules are collected from public sources and may change. When you first start a preset, the setup wizard shows all its rules: check them against your program's terms and correct them if needed. Belay lists the items it could not verify in the journal at startup.
4. Check your firm's EA policy
Some firms restrict or prohibit the use of Expert Advisors. Belay never opens trades and only closes positions to protect the account. Still, check with your firm whether such tools are allowed before using it.
5. No guarantee
During gaps, heavy slippage, trade server failures and the market open after the weekend, the actual loss may exceed the calculated one. The Safety buffer reduces this risk but does not eliminate it. Belay is a risk control tool, not a guarantee of passing the evaluation.
6. Practice trades only in the visual tester
Practice mode opens random trades only in the visual mode of the strategy tester, so you can see the protection at work. On real and demo accounts Belay never opens trades; this is blocked in the code.
