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MetaTrader 5 Expert AdvisorMQL5 Market

Risk Guard Prop

A risk supervisor that enforces your prop-firm limits on every trade.

Buy on MQL5 Market · US$39 Specifications

Overview

What Risk Guard Prop does

Risk Guard Prop is a risk supervisor, not a trading strategy. It watches every position on the account, your manual trades and any other Expert Advisor, and enforces the rules you set.

When a limit is hit it closes open positions, blocks new ones, and keeps the lock through terminal restarts.

Features

Everything it does

Limits

Daily loss limitIn money or percent, counting closed and floating P/L since server midnight.

Weekly loss limitPercent-based, resetting on Monday.

Maximum drawdownStatic from the initial balance, or trailing from the equity high-water mark.

Profit-target lockStops trading once the balance target is reached.

Position control

Position capsMaximum open positions, lots per position and total lots.

Oversized-trade trimReduces the excess volume on a position that breaks the lot cap.

Forced stop-lossAdds a stop to any position opened without one.

Trading windowRestricts trading to set hours, with optional Friday close and weekend flat.

Spread guardShows WAIT when the spread is above your maximum.

Operation

ScopeThe whole account, one symbol, or one magic number.

Restart-proof locksState kept in terminal global variables.

Lot-size panel and alertsRisk-based lot calculator; terminal, push and email alerts.

Screenshots

What it looks like

Risk Guard Prop on the chart: limits, usage and lock status.

Specifications

Technical details

Platform: MetaTrader 5 (desktop terminal)
Licence: One-time US$39, or rent US$30 for 3 months
Activations: 5 per purchase
DLLs / external files: None
Try before buying: Free demo in the MT5 Strategy Tester
Type: Expert Advisor (supervisor; never opens trades on a live account)
Watches: Manual trades and other EAs
Also on: cTrader and TradingView (open-source ports on GitHub)

FAQ

Risk Guard Prop: questions

Will it close my trades?

Only when a rule you set is breached. It then closes positions and blocks new trades until the lock resets.

Is there a free version?

Yes. Risk Guard on the MQL5 CodeBase has the basic features. The Prop version adds weekly limits, drawdown modes, profit locks and more alerts.

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