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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 MT5
Secure Risk Manager
Secure Risk Manager is a MetaTrader 5 utility designed to provide a framework for account protection and trade sizing.
GitHub stars2
Forks1
Last update5 months ago3 Apr 2026
LicenceNone stated
Overview
This expert advisor does not execute independent trade entries; rather, it functions as a risk control tool that calculates lot sizes based on a user-defined risk percentage and risk-to-reward ratios. It monitors account balances and performs periodic checks through a timer function to manage end-of-day exposure. The code serves primarily as a template for integrating external risk management libraries and database connections.
- Risk percentage per trade calculation
- Configurable risk-to-reward ratios
- Automated end-of-day risk monitoring
- Account balance tracking and management
Details
Author
ItaloCoutinho 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
Topics
mql5sqlitectradermetatrader5ninjascriptninjatraderntslpascalpinescriptprofit
Input parameters
Read from Secure.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercentage | double | 0.1 | Risk Percentage per Trade |
AcBalance | double | 15482 | |
FxBalance | bool | true | |
LossRatio | double | 0.5 | Loss Ratio |
Expert | string | Secure | Expert Name, Used to Acess the Database and Risk |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone ItaloCoutinho/ItaloCoutinho 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, 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.
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