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 ยท MT4
Prop Firm Manager
Prop Firm Manager is a risk management utility for MetaTrader 4 designed to help traders comply with prop firm rules and protect account equity.
GitHub stars5
Forks4
Last update3 years ago5 Apr 2023
LicenceMIT
Overview
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 weekend activity and includes a news filter to pause trading during high-impact economic events. It can automatically close market and pending orders based on drawdown thresholds or specific calendar events. The repository lacks a README, but the code defines comprehensive safety parameters.
- Daily drawdown and per-trade loss monitoring
- Overnight and weekend trading restrictions
- High-impact news filter with automatic trade closure
- Configurable daily drawdown reset times
Details
Author
pepshirley 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 pepshirley/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.
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