PropGuard is a risk-protection Expert Advisor for MetaTrader 5 that acts as a circuit breaker for your account. It monitors your equity in real time and locks trading plus (optionally) closes all open positions the moment your daily-loss or max-drawdown limit is about to be breached - protecting funded or evaluation accounts from automatic disqualification.

What you get

• Compiled .ex5 plus full .mq5 source code - inspect and adapt every rule
• README with step-by-step installation guide and complete input reference

How it protects you

• Daily Loss Limit (default 4.0%) measured against day-start balance
• Trailing Max Drawdown Limit (default 8.0%) against a persisted equity high-water mark - survives terminal restarts
• On breach: on-chart alert, TRADING LOCKED status, automatic Close-All (optional)
• Live HUD panel: Equity, Balance, Daily P&L, both limits with distance in USD and %, ATH equity, status - updates every second
• Magic-number filter to protect only a specific EA's positions
• Startup-safe: waits for MT5 account sync before arming the limits

Who it is for

• Prop-firm traders on funded evaluations, where a daily-loss or max-drawdown breach ends the account
• Anyone running EAs overnight who wants a hard, automated risk ceiling independent of any single strategy

This is a risk-management utility - it does not trade on its own and makes no performance claims. Test on a demo account first and match the limits to your prop firm's exact rules.

New in v2

• Firm Presets - one-click limits for FTMO, FundedNext, Topstep, The5ers, E8 Markets or Custom
• Consistency-Rule tracking - live ON TRACK / AT RISK / FAILED status for the best-day share of total gains (default 30%), monthly reset
• Optional News Blackout windows - up to 3 daily windows with warning buffer, warn-only or hard order blocking

v2 is a free update for existing buyers - re-download from your library.