PropGuard MT5

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.

It does not promise profit. It is built to help traders avoid breaking funded-account rules.

MVP Features

Daily loss lock with selectable base:
- Start-of-day balance
- Start-of-day equity
- Intraday high equity
Reset by broker midnight or custom broker-server time
Daily profit target lock
Overall drawdown lock
Max trades per day
Max lots per day
Account-wide, current-symbol, or symbol-list scope for trade actions
Optional handling of trades opened after lock
Close All chart button
On-chart dashboard with server time, next reset, base mode, P/L, limits, and lock reason
Journal logs for breach events and forced closes

Suggested Market Positioning

PropGuard MT5: funded-account rule protection for disciplined traders.

Pain points:

Daily drawdown violations
Overtrading
Emotional revenge trades
Forgetting account rules during fast sessions
Manual traders needing a visual risk dashboard

Screenshots

Normal Dashboard

Locked State

Inputs

Install

Copy MQL5/Experts/PropGuardMT5/PropGuardMT5.mq5 into your terminal MQL5/Experts/PropGuardMT5/ folder.
Open MetaEditor.
Compile PropGuardMT5.mq5.
Attach the EA to one chart.
Enable Algo Trading.
Configure limits in broker-server time.

For exact daily baseline capture, attach the EA before the prop firm's daily reset time.

Important Notes

MT5 EAs cannot act as a true global pre-trade firewall for every manual or external trade source.
PropGuard can monitor account state and optionally close positions opened after a lock.
Default behavior is conservative: lock and alert, not forced liquidation.
Rules differ between prop firms. Validate settings against your firm's official rulebook.

MVP Defaults

Daily loss base: start-of-day equity
Reset mode: broker midnight
Daily breach action: block new trades and alert
Locked trade action: alert only
Scope: account-wide

Repository Layout

MQL5/
  Experts/
    PropGuardMT5/
      PropGuardMT5.mq5
docs/
  product-spec.md
  market-listing-draft.md
screenshots/
  .gitkeep

Roadmap

Screenshot-ready dashboard objects
CSV rule-violation export
Per-prop-firm presets
Telegram/webhook alerts
MT4 version
Free Lite and paid Pro split

Disclaimer

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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