Free Prop Firm Guard MT5 EA – Risk Management & Drawdown Protection

Passing a prop firm challenge is only half the battle, keeping the account funded is where most traders struggle. Between strict daily drawdown limits, overall maximum loss rules, and accidental over leveraging, a single emotional trading session can wipe out weeks of hard work in minutes.

Now mange your risk automatically on either MT4 or MT5 using Prop Firm Guard EA, available for free download to help you to protect your funded account by controlling your drawdowns, and keeping your account within limits from your broker. The EA is suitable with FTMO, Funding Pips, and other major prop firm rules.

Why You Need a Automated Drawdown Protection EA

Even disciplined traders make mistakes under pressure. You might:

• Miscalculate your daily loss limit after a volatile morning session.
• Forget to close trades before a weekend gap or Friday market close.
• Open an oversized lot by mistake during high impact news releases.

Human error is the number one reason traders lose funded accounts. Prop Firm Guard acts as an unemotional copilot that watches your equity 24/7 and steps in the second risk parameters are approached or breached.

Core Features of Prop Firm Guard

• Daily Drawdown Protection: Automatically monitors your daily equity loss from the day’s starting baseline and instantly flattens trades or alerts you before you hit the critical limit.
• Overall Drawdown Shield: Protects your initial balance against cumulative losses, triggering an emergency lock and shutting down execution if the max threshold is reached.
• Lot Size & Trade Restrictions: Prevents accidental fat finger errors by enforcing strict maximum lot sizes and capping total concurrent open trades.
• Smart Session & Weekend Filters: Automatically closes open positions ahead of Friday market closures to prevent risky weekend holding gaps.
• SaaS-Style Visual Dashboard: A clean, modern HUD rendered directly on your chart, giving you real-time tracking of your equity, daily loss percentage, and system protection status at a glance.
• Mobile Push Notifications: Instantly sends instant alerts straight to your MetaTrader mobile app when warning thresholds are triggered.

How It Works

Once attached to any chart on your MT5 terminal, the EA operates silently in the background. It requires no external DLLs or complex setup files. just drop it onto your chart, configure your prop firm’s specific limits in the inputs menu, and let the algorithm handle the discipline.

Recommended Settings for Standard Prop Firms:

• Max Daily Loss %: Set to 4.5% (to leave a safe buffer before a strict 5% firm limit).
• Max Total Drawdown %: Set to 8.0% (for a standard 10% max trailing/static limit).
• Auto-Close on Limit: Enabled (true).

Download Prop Firm Guard MT5 & MT4 for Free

We built this tool to help the trading community trade smarter, protect capital, and pass more evaluations. There are no hidden fees, no subscriptions, and no complicated licensing.

👉 Download Prop Firm Guard MT5

👉 Download Prop Firm Guard MT4

Installation Instructions:

1. Open your MetaTrader 5 platform.
2. Go to File > Open Data Folder.
3. Navigate to MQL5 > Experts.
4. Drop the PropFirmGuard_Branded.ex5 file into the folder.
5. Compile the file in your MetaTrader MetaEditor, attach it to your chart, and enable Algo Trading.