Risk Guard Prop
MetaTrader 5 Expert AdvisorDaily and weekly loss locks, trailing drawdown, lot caps, forced stop-loss and trading windows, enforced on every position.
US$39 MQL5 MarketDetails & specs
Smart Loss Exit Prop
Exits a losing trade early, before it reaches the hard stop.
Overview
What Smart Loss Exit Prop does
Smart Loss Exit Prop watches every trade on the account without opening any itself. It is made for prop-firm challenges and funded accounts, where one full stop-loss can use up most of the daily loss limit.
Eight rules decide when a losing trade is no longer worth holding, and staged actions let you close, partly close or tighten instead of waiting for the hard stop.
Features
Everything it does
Eight exit rules
ATR adverse excursionExits when the move against you exceeds a multiple of ATR.
Time in tradeExits a trade that has not worked after N minutes.
EMA and RSI invalidationExits when trend or momentum turns against the position.
Money cap and give-backA fixed loss cap per position, and a rule for winners that turn into losers.
Basket loss and flat timeAggregate floating-loss control, and scheduled flat-time exits.
Actions and safety
Staged actionsClose the whole position, close part with a second stage, or tighten the stop with secondary triggers.
Re-entry cooldownPrevents revenge trading after an exit.
Observe-only modeShows what it would do without executing.
Journal and alertsCSV journal of every exit with its metrics; terminal, push and email alerts; PAUSE / RESUME and CLOSE LOSERS buttons.
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 (manages exits; never opens trades on a live account)
- Rules
- 8, each an input
FAQ
Smart Loss Exit Prop: questions
Does it open trades?
No. It only manages exits on positions that already exist.
Is there a free version?
Yes. Smart Loss Exit on the MQL5 CodeBase has the core rules.
Related
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News Guard Prop
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US$39 MQL5 MarketDetails & specs
Need it customised, or something like it built?
Smart Loss Exit Prop started as a problem someone described. Tell us yours, and we reply with what is actually needed before we quote.