Account Protector is a risk management expert advisor for MetaTrader 4 and 5 designed to monitor account health and prevent excessive drawdowns. It 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 auto
Risk & protection · MT5
Equity Drawdown Monitor
This MetaTrader 5 utility serves as a risk management tool designed to monitor equity and drawdown across multiple magic numbers.
GitHub stars1
Forks0
Last update6 months ago9 Mar 2026
LicenceNone stated
Overview
Equity Drawdown Monitor tracks realized and floating profits for up to twenty individual strategies, allowing users to define specific drawdown limits for each. The EA features an emergency stop function that can intervene when risk thresholds are reached. It utilizes a dual-monitoring system that switches from timer-based updates to high-frequency tick monitoring when drawdown levels become critical. The repository lacks a README, but the code supports configuration via CSV files.
- Multi-strategy monitoring for twenty magic numbers
- Emergency stop functionality for account protection
- Adaptive tick-mode threshold for high-frequency monitoring
- External CSV configuration file support
Details
Author
tnickel on GitHub
Type
Risk & protection
Platform
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
Input parameters
Read from EquityDrawdownMonitor.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpLookbackDays | int | 60 | Lookback Days for Magic Discovery |
InpRefreshRateSeconds | int | 1 | Refresh Rate (seconds) |
InpHelpXPosition | int | 950 | Help Text X Position |
InpEnableAutoStop | bool | true | Enable Emergency Stop |
InpTickModeThreshold | double | 35.0 | Tick Mode Threshold (% of MaxDD) |
InpCheck1 | string | | Check 1: Magic,MaxDD |
InpCheck2 | string | | Check 2: Magic,MaxDD |
InpCheck3 | string | | Check 3: Magic,MaxDD |
InpCheck4 | string | | Check 4: Magic,MaxDD |
InpCheck5 | string | | Check 5: Magic,MaxDD |
InpCheck6 | string | | Check 6: Magic,MaxDD |
InpCheck7 | string | | Check 7: Magic,MaxDD |
Show all 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpCheck8 | string | | Check 8: Magic,MaxDD |
InpCheck9 | string | | Check 9: Magic,MaxDD |
InpCheck10 | string | | Check 10: Magic,MaxDD |
InpCheck11 | string | | Check 11: Magic,MaxDD |
InpCheck12 | string | | Check 12: Magic,MaxDD |
InpCheck13 | string | | Check 13: Magic,MaxDD |
InpCheck14 | string | | Check 14: Magic,MaxDD |
InpCheck15 | string | | Check 15: Magic,MaxDD |
InpCheck16 | string | | Check 16: Magic,MaxDD |
InpCheck17 | string | | Check 17: Magic,MaxDD |
InpCheck18 | string | | Check 18: Magic,MaxDD |
InpCheck19 | string | | Check 19: Magic,MaxDD |
InpCheck20 | string | | Check 20: Magic,MaxDD |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone tnickel/Mql5EquityDrawdownMonitor from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 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.
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