SeekndStroy/PropGuardMT5
1
0
Fork 1
Code Issues Pull requests Projects Releases Packages Wiki Activity Actions
PropGuardMT5/docs/product-spec.md
Georgios Kagkas 462a24e086 Initial PropGuard MT5 MVP
2026-06-11 20:14:27 +03:00

2.6 KiB
Raw Permalink Blame History

PropGuard MT5 Product Spec

Target User

Prop firm and funded-account traders using MetaTrader 5, especially manual traders who need visible account-rule protection.

Core Promise

Help traders avoid preventable rule breaches by monitoring risk limits and locking behavior after limits are reached.

Non-Promise

PropGuard MT5 does not predict market direction, provide signals, or guarantee profits.

Rule Model

Daily Loss Base

User-selectable:

  • StartDayBalance
  • StartDayEquity
  • IntradayHighEquity

Default: StartDayEquity

Daily Reset

User-selectable:

  • BrokerMidnight
  • CustomServerTime

All reset calculations use broker-server time.

Breach Actions

User-selectable:

  • AlertOnly
  • BlockNewTrades
  • CloseAllAndBlock

Default: BlockNewTrades

Because MT5 cannot globally reject every manual trade before execution, "block" means the EA enters a locked state, alerts the user, and can optionally close trades opened after the lock.

Locked Trade Handling

User-selectable:

  • AlertOnly
  • CloseNewTrades

Default: AlertOnly

Scope

User-selectable:

  • AccountWide
  • CurrentSymbol
  • SymbolList

Default: AccountWide

Risk rules are intended for account-wide prop-firm use. Scope controls which positions the EA acts on and which symbols are counted for trade/lot limits.

MVP Inputs

  • InpDailyLossLimitPercent
  • InpDailyProfitTargetPercent
  • InpOverallDrawdownLimitPercent
  • InpMaxTradesPerDay
  • InpMaxLotsPerDay
  • InpDailyLossBaseMode
  • InpResetMode
  • InpResetHour
  • InpResetMinute
  • InpDailyBreachAction
  • InpOverallBreachAction
  • InpLockedTradeAction
  • InpScopeMode
  • InpSymbolsCSV
  • InpSlippagePoints
  • InpEnablePopupAlerts
  • InpEnablePushNotifications

MVP Dashboard

Must show:

  • Product name and version
  • Server time
  • Next reset
  • Scope
  • Daily loss base mode
  • Daily base values
  • Equity and balance
  • Daily loss percent
  • Daily profit percent
  • Overall drawdown percent
  • Trades today
  • Lots today
  • Lock state
  • Lock reason

Version Strategy

Free/Lite

  • Dashboard
  • Daily loss monitoring
  • Popup alerts
  • Manual close-all button

Pro

  • All breach actions
  • Locked trade handling
  • Symbol-list scope
  • Push notifications
  • Presets
  • Violation log/export

First Release Acceptance Criteria

  • Compiles in MetaEditor for MT5.
  • Can attach to one chart.
  • Captures daily baseline.
  • Resets at broker midnight or custom server time.
  • Displays dashboard.
  • Detects daily loss breach.
  • Detects overall drawdown breach.
  • Detects max trades/lots breach.
  • Can close scoped positions via chart button.
  • Logs breach reason to Journal.