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
Risk Guard EA
This risk management expert advisor for MetaTrader 5 functions as an account-wide watchdog.
GitHub stars1
Forks0
Last update2 months ago26 Jun 2026
LicenceNone stated
Overview
Risk Guard EA monitors equity fluctuations against user-defined thresholds for daily loss, total drawdown, and profit targets. When a limit is breached, the EA automatically closes all open positions and can optionally delete pending orders. It includes a kill switch feature that disables the terminal's global algorithmic trading button to prevent further automated activity. The tool is specifically designed for prop firm challenges, utilizing persistent global variables to track daily resets and threshold states across terminal restarts.
- Equity-based drawdown and profit target monitoring
- Automated account-wide position liquidation
- Global algorithmic trading kill switch via DLL
- Real-time visual dashboard for account metrics
- Persistent state tracking using terminal global variables
Details
Author
Mind2Money 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 RiskGuard.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpStartBalance | double | 5000 | 起始余额 (0=自动取当前余额并记忆) |
InpDailyLossPct | double | 4 | 日损限制 % (占起始余额; 0=禁用) |
InpTotalLossPct | double | 10 | 总损限制 % (占起始余额; 0=禁用) |
InpProfitPct | double | 5.5 | 净值盈利目标 % (占起始余额; 0=禁用) |
InpStopOnLoss | bool | false | 回撤(日损/总损)触发后是否“停止所有EA交易” |
InpStopOnProfit | bool | true | 盈利目标触发后是否“停止所有EA交易” |
InpEnableKillSwitch | bool | true | ? |
InpDeletePendings | bool | true | 触发平仓时同时删除账户? |
InpSlippage | int | 20 | 平仓滑点(点) |
InpCloseRetries | int | 5 | 平仓重试次数(单tick? |
InpResetState | bool | false | 重置记忆状态(用后请改回 false) |
InpShowPanel | bool | true | 显示信息面板 |
Show all 18 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpEnableServerChan | bool | false | 启用 Server? |
InpServerChanMode | string | turbo | turbo = sctapi.ftqq.com; sc3 = <UID>.push.ft07.com |
InpSendKey | string | PUT_YOUR_SENDKEY_HERE | Server? |
InpServerChanUID | string | | ? |
InpHttpTimeoutMs | int | 5000 | WebRequest ? |
InpNotifyOnStart | bool | false | 启动时发一条测试推送(验证? |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Mind2Money/RiskGuardEA 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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