Account Protector: Free MT4/MT5 Expert Advisor

Overview

Account Protector allows users to set specific triggers based on floating profit or loss, equity levels, free margin, spread, or daily performance. When these conditions are met, the EA automatically executes actions such as closing active trades, deleting pending orders, or disabling automated trading. The tool features an emergency button for manual liquidation and supports trade management functions like trailing stops and break-even adjustments via an on-chart panel.

Automated emergency position closing

Equity, margin, and daily profit/loss triggers

Interactive on-chart control panel

Trailing stop and break-even automation

Timer-based trade management actions

Details

Author

EarnForex on GitHub

Type

Risk & protection

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

Topics

expert-advisorpositionchartmql5mql4mt4mt5tradingmetatradermetatrader-4

Source

github.com/EarnForex/Account-Protector

Input parameters

Read from Account Protector.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`EnableEmergencyButton`	`bool`	`false`	Enable emergency button
`DoNotDisableConditions`	`bool`	`false`	DoNotDisableConditions: Don't disable conditions on trigger?
`DoNotDisableActions`	`bool`	`false`	DoNotDisableActions: Don't disable actions on trigger?
`DoNotDisableEquityTS`	`bool`	`false`	DoNotDisableEquityTS: Don't disable equity TS on trigger?
`DoNotDisableTimer`	`bool`	`false`	DoNotDisableTimer: Don't disable timer on trigger?
`ConditionDelay`	`int`	`0`	ConditionDelay: How long should condition be active to trigger?
`CountFloatingInDailyPL`	`bool`	`true`	CountFloatingInDailyPL: Count floating P/L in daily P/L?
`EnableAutoSwitchOnPeriod`	`bool`	`false`	Enable auto switch ON period
`DisableFloatLossRisePerc`	`bool`	`false`	Disable floating loss rises % condition.
`DisableFloatLossFallPerc`	`bool`	`true`	Disable floating loss falls % condition.
`DisableFloatLossRiseCurr`	`bool`	`false`	Disable floating loss rises currency units condition.
`DisableFloatLossFallCurr`	`bool`	`true`	Disable floating loss falls currency units condition.

Show all 40 inputs

Name	Type	Default	Description
`DisableFloatLossRisePoints`	`bool`	`false`	Disable floating loss rises points condition.
`DisableFloatLossFallPoints`	`bool`	`true`	Disable floating loss falls points condition.
`DisableFloatProfitRisePerc`	`bool`	`false`	Disable floating profit rises % condition.
`DisableFloatProfitFallPerc`	`bool`	`true`	Disable floating profit falls % condition.
`DisableFloatProfitRiseCurr`	`bool`	`false`	Disable floating profit rises currency units condition.
`DisableFloatProfitFallCurr`	`bool`	`true`	Disable floating profit falls currency units condition.
`DisableFloatProfitRisePoints`	`bool`	`false`	Disable floating profit rises points condition.
`DisableFloatProfitFallPoints`	`bool`	`true`	Disable floating profit falls points condition.
`DisableCurrentPriceGE`	`bool`	`true`	Disable current price greater or equal condition.
`DisableCurrentPriceLE`	`bool`	`true`	Disable current price less or equal condition.
`DisableEquityUnitsLE`	`bool`	`false`	Disable equity less or equal currency units condition.
`DisableEquityUnitsGE`	`bool`	`false`	Disable equity greater or equal currency units condition.
`DisableEquityPercLE`	`bool`	`false`	Disable equity less or equal % of snapshot condition.
`DisableEquityPercGE`	`bool`	`false`	Disable equity greater or equal % of snapshot condition.
`DisableEquityMinusSnapshot`	`bool`	`true`	Disable (Equity - snapshot) greater or equal condition.
`DisableSnapshotMinusEquity`	`bool`	`true`	Disable (snapshot - Equity) greater or equal condition.
`DisableMarginUnitsLE`	`bool`	`false`	Disable free margin less or equal currency units condition.
`DisableMarginUnitsGE`	`bool`	`false`	Disable free margin greater or equal currency units condition.
`DisableMarginPercLE`	`bool`	`false`	Disable free margin less or equal % of snapshot condition.
`DisableMarginPercGE`	`bool`	`false`	Disable free margin greater or equal % of snapshot condition.
`DisableMarginLevelGE`	`bool`	`true`	Disable margin level greater or equal condition.
`DisableMarginLevelLE`	`bool`	`true`	Disable margin level less or equal condition.
`DisableSpreadGE`	`bool`	`true`	Disable spread greater or equal condition.
`DisableSpreadLE`	`bool`	`true`	Disable spread less or equal condition.
`DisableDailyProfitLossUnitsGE`	`bool`	`true`	Disable daily profit/loss greater or equal units condition.
`DisableDailyProfitLossUnitsLE`	`bool`	`true`	Disable daily profit/loss less or equal units condition.
`DisableDailyProfitLossPointsGE`	`bool`	`true`	Disable daily profit/loss greater or equal points condition.
`DisableDailyProfitLossPointsLE`	`bool`	`true`	Disable daily profit/loss less or equal points condition.

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/Account-Protector from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.

3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

Similar expert advisors

AutoTrading Scheduler

by EarnForex

This expert advisor provides automated schedule management for the MetaTrader 4 and MetaTrader 5 platforms. It allows users to define specific time windows for each day of the week to toggle the platform's global AutoTrading status. Beyond simple scheduling, the utility can close active positions and delete pending ord

MT4MT5 Risk & protection

Updated 6 months ago Apache-2.0 GitHub

JT Prop Firm Trade Manager

by oluklef17

JT Prop Firm Trade Manager is a risk management utility for MetaTrader 4 designed to protect accounts from violating equity and drawdown rules. It monitors daily loss limits and maximum drawdown, allowing users to configure thresholds in either currency or percentage. The tool features time-based filters to restrict ov

MT4 Risk & protection

Updated 1 year ago AGPL-3.0 GitHub

Prop Firm Manager

by pepshirley

Prop Firm Manager is a risk management utility for MetaTrader 4 designed to help traders comply with prop firm rules and protect account equity. The tool monitors maximum loss per trade and daily drawdown limits using either fixed dollar amounts or percentages. It manages trading sessions by restricting overnight and w

MT4 Risk & protection

Updated 3 years ago MIT GitHub

FX Risk Management Collection

by vishnugovind10

This MetaTrader 4 collection provides a set of utilities focused on risk management and order execution. It includes scripts and expert advisors designed to automate the closing of open positions and the removal of pending orders. The logic specifically targets closing trades that have reached a specific gain threshold

MT4 Risk & protection

Updated 3 years ago None stated GitHub

ICCapitals Secure

by ICCapitals

ICCapitals Secure is a risk management utility for MetaTrader 5. It acts as a supervisor to monitor and enforce trading parameters across an account. The expert advisor calculates position sizing based on a user-defined risk percentage per trade and manages risk-to-reward ratios. It features a timer-driven function to

MT5 Risk & protection

Updated 4 years ago None stated GitHub

Equity Protector

by sacrosK11

Equity Protector is an account management utility for MetaTrader 5 designed to safeguard capital against significant drawdowns. It operates by monitoring account equity and balance at a user-defined frequency, such as every second. When the floating loss reaches a specified percentage or limit, the utility automaticall

MT5 Risk & protection

Updated 2 years ago None stated GitHub

Overview

Details

Author

Type

Platform

Markets

Timeframes

Risk profile

EA files

Topics

Source

Input parameters

How to install it

Similar expert advisors

AutoTrading Scheduler

JT Prop Firm Trade Manager

Prop Firm Manager

FX Risk Management Collection

ICCapitals Secure

Equity Protector

Need a broker for MT4/MT5?