101 lines
2.8 KiB
Markdown
101 lines
2.8 KiB
Markdown
# PropGuard MT5
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PropGuard MT5 is a MetaTrader 5 risk-control Expert Advisor for prop firm traders. It helps monitor daily loss, overall drawdown, trade count, lot exposure, and rule breaches from one chart.
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It does not promise profit. It is built to help traders avoid breaking funded-account rules.
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## MVP Features
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- Daily loss lock with selectable base:
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- Start-of-day balance
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- Start-of-day equity
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- Intraday high equity
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- Reset by broker midnight or custom broker-server time
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- Daily profit target lock
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- Overall drawdown lock
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- Max trades per day
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- Max lots per day
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- Account-wide, current-symbol, or symbol-list scope for trade actions
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- Optional handling of trades opened after lock
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- Close All chart button
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- On-chart dashboard with server time, next reset, base mode, P/L, limits, and lock reason
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- Journal logs for breach events and forced closes
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## Suggested Market Positioning
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**PropGuard MT5: funded-account rule protection for disciplined traders.**
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Pain points:
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- Daily drawdown violations
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- Overtrading
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- Emotional revenge trades
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- Forgetting account rules during fast sessions
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- Manual traders needing a visual risk dashboard
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## Screenshots
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### Normal Dashboard
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### Locked State
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### Inputs
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## Install
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1. Copy `MQL5/Experts/PropGuardMT5/PropGuardMT5.mq5` into your terminal `MQL5/Experts/PropGuardMT5/` folder.
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2. Open MetaEditor.
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3. Compile `PropGuardMT5.mq5`.
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4. Attach the EA to one chart.
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5. Enable Algo Trading.
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6. Configure limits in broker-server time.
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For exact daily baseline capture, attach the EA before the prop firm's daily reset time.
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## Important Notes
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- MT5 EAs cannot act as a true global pre-trade firewall for every manual or external trade source.
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- PropGuard can monitor account state and optionally close positions opened after a lock.
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- Default behavior is conservative: lock and alert, not forced liquidation.
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- Rules differ between prop firms. Validate settings against your firm's official rulebook.
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## MVP Defaults
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- Daily loss base: start-of-day equity
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- Reset mode: broker midnight
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- Daily breach action: block new trades and alert
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- Locked trade action: alert only
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- Scope: account-wide
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## Repository Layout
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```text
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MQL5/
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Experts/
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PropGuardMT5/
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PropGuardMT5.mq5
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docs/
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product-spec.md
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market-listing-draft.md
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screenshots/
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.gitkeep
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```
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## Roadmap
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- Screenshot-ready dashboard objects
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- CSV rule-violation export
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- Per-prop-firm presets
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- Telegram/webhook alerts
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- MT4 version
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- Free Lite and paid Pro split
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## Disclaimer
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Trading involves risk. This project is a risk-management utility, not investment advice, not a trading signal, and not a guarantee of funded-account success.
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