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 · MT4
JT Prop Firm Trade Manager
JT Prop Firm Trade Manager is a risk management utility for MetaTrader 4 designed to protect accounts from violating equity and drawdown rules.
GitHub stars8
Forks2
Last update1 year ago10 Jul 2025
LicenceAGPL-3.0
Overview
JT Prop Firm Trade Manager 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 overnight or weekend trading and includes a news filter to pause activities or close positions around high-impact events. It can automatically disable the platform's auto-trading function when limits are reached to prevent further losses.
- Daily drawdown and max loss monitoring
- Configurable overnight and weekend trading restrictions
- Automated news filter with pre and post event shutdown
- Option to close all trades or specific magic numbers
Details
Author
oluklef17 on GitHub
Type
Risk & protection
Platform
MetaTrader 4 (MQL4)
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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone oluklef17/mt4-prop-firm-manager from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 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.
Similar expert advisors
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
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
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
This MetaTrader 4 utility calculates and displays a five percent daily drawdown limit directly on the chart. It determines the daily starting balance by analyzing the account history and subtracting current-day profits from the total balance. Designed as a monitoring tool for traders following specific risk management
This MetaTrader 4 expert advisor focuses on account protection and risk management. It monitors various drawdown levels, including weekly, monthly, and emergency thresholds, and enforces trading pauses if these limits are exceeded. The tool also evaluates trading performance by checking the risk-to-reward ratio of hist
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers