Equity protector for MT4 and MT5: Daily loss and drawdown limits that act without you.
Equity Guard is an equity protector for MT4 and MT5 that runs in our cloud, not on a chart. When an account's equity crosses a line you set, it emails you, pauses copying and can close every position and pending order, whether MetaTrader is open on your computer or not. No Expert Advisor, no VPS.
Included in every plan, from $19 a month for 2 accounts. See pricing
Rules and actions
Three lines per account, one action for each.
Turn on the lines you need. Each one acts once when equity crosses it, then waits until you resume it.
Daily loss limit
Acts when the day’s loss reaches the limit. Set it as an amount, or as a percentage of the starting balance.
Equity floor
Your maximum drawdown. Acts when equity falls to an amount, or to a percentage below the starting balance.
Profit target
Acts when equity rises to an amount, or to a percentage above the starting balance, for example to close out a passed challenge.
When a line is crossed
- AlertEmails you.
- Alert and pauseAlso stops new copies to the account and, on a master, from it.
- Alert, pause and closeAlso closes every position and pending order on the account.
An example
A bad day on a $50,000 account.
A trader copies into a $50,000 prop account and guards it with a daily loss limit inside the firm's 5%, a floor inside its 10% and a profit target. The figures are an example.
- Starting balance
- $50,000, read from the account’s first deposit
- Daily loss limit
- 4%, so $2,000 a day, counted from the balance when the day began. Alert, pause and close
- Equity floor
- 8% below the starting balance: $46,000. Alert, pause and close
- Profit target
- 8% above it: $54,000. Alert
00:00
The day begins
The balance is $51,200, so today’s line is $2,000 below it, at $49,200.
10:15
Gold turns against three open trades
Equity falls to $49,850. It’s above the line, so nothing happens.
14:32
Equity reaches $49,200
Equity Guard reads the account once more to make sure, then emails you, pauses copying into the account and closes the three positions and a pending order at the market price.
14:32
The account is flat at $49,140
The market was moving fast, so the closes filled $60 past the line. That is why each line sits a little inside the firm’s own.
Afternoon
The master keeps trading
Its new trades skip this account, and each skip shows in the copier’s activity.
00:00
The next day begins
The balance is $49,140, so the new line is $47,140, and copying picks up again by itself. The floor stays at $46,000.
Instead of an Expert Advisor
Why not an equity protector EA?
An EA on a chart works while MetaTrader runs. Equity Guard doesn't depend on your terminal at all.
| Topic | Equity protector EA | Equity Guard |
|---|---|---|
| Price | Equity protector EAFrom free to about $100 per platform on MQL5 Market, plus a VPS if it has to run around the clock | Equity GuardIncluded in every plan, from $19 a month for 2 accounts |
| Where it runs | Equity protector EAInside MetaTrader, on your computer or a VPS that has to stay on | Equity GuardIn our cloud. Your computer can be off |
| Several accounts | Equity protector EAOne copy on a chart in every terminal, each set up on its own | Equity GuardEvery account’s lines on one screen in the app |
| MT4 and MT5 | Equity protector EAOften sold as two products, one for each platform | Equity GuardThe same for both |
| When it can’t see the account | Equity protector EAStops when the terminal closes or the VPS restarts, and can’t close trades while AutoTrading is off | Equity GuardEmails you when it can’t get the account’s figures |
| With a trade copier | Equity protector EAWorks on its own, beside the copier | Equity GuardPauses copying to the account, or from a master to all its followers |
| After it acts | Equity protector EASome block new trades for the rest of the day | Equity GuardDoesn’t block trades you place by hand. Each rule waits until you resume it |
When an EA is the better choice. If you need a floor that trails your balance by itself, trading locked after a breach, or positions closed before the weekend, look at an EA in the terminal: some do that, and Equity Guard doesn't.
Your firm's way of counting
Count the day the way your firm does.
Prop firms reset the daily loss at different times and count it from different figures. Set Equity Guard to match, or a breach can come earlier than your own numbers say.
- Day start
- The broker’s midnight on its server clock, or any time in a time zone you pick
- Daily loss from
- The balance when the day began, or the higher of balance and equity then
- Starting balance
- Read from the account’s first deposit, so a 100K account counts from 100,000. You can change it
- Units
- Each line as an amount in the account’s currency, or a percentage of the starting balance
- Next day
- After a daily loss limit, copying can resume by itself when the next day starts
With the trade copier
On a follower
A pause stops new copies to that account only. Copies already open stay open and still follow the master's closes, unless the rule closes them.
On a master
A pause stops copying from it to every follower. When it closes the master's positions, the followers' copies close with them, as with any close on the master.
Its limits
What Equity Guard can't do.
It's a safety net for your own limits, not a promise that an account stays inside them.
Updated
Stop exactly at the line
It closes at the market price. In a fast market or a price gap, fills can land past the line, and while the market is closed or the broker rejects an order, positions stay open until they can be closed.
Trail your balance
The floor stays where you set it. If your firm’s maximum drawdown trails your highest balance, move the floor up as the balance grows.
Count from the day’s high
The day’s loss counts from the balance when the day began, or the higher of balance and equity then. Firms that count from the day’s highest equity measure differently.
Lock your terminal
Once a rule has acted, it waits for you. Trades you then open by hand in MetaTrader stay open until you close them or resume the guard.
Close before the weekend
It doesn’t close positions on a schedule. Trading hours only stop new copies, so close what you can’t hold over the weekend yourself.
Trade with an investor password
An account connected with its read-only investor password can’t place orders, so its guard only alerts.
Act without the account’s figures
It acts on the figures it receives from the account. While it can’t get them, it can’t act, and we email you that it can’t.
Do I need an Expert Advisor or a VPS?
No. Your accounts run in our cloud, and Equity Guard watches them there. Nothing is installed in MetaTrader, and it keeps watching when your computer is off.
Does it work without the trade copier?
Yes. You can guard any account you connect, whether it copies or not. On an account outside a copier, pausing changes nothing, so pick alert, or alert, pause and close.
How quickly does it act?
It acts on the account's figures as its terminal sends them, and reads the account once more before it acts, so a single bad reading doesn't close your trades. Then it closes at the market price and keeps trying until the account is flat. How fast the closes fill is up to your broker and the market.
Will it keep me inside my prop firm's limits?
It's a safety net, not a guarantee. Set each line a little inside your firm's, and count the day the way your firm does. The risk disclosure lists what it can't prevent, and our prop firm page what to check with your firm.
Can it follow a trailing drawdown?
Not by itself. The floor stays where you set it, so when your firm's limit trails your highest balance, move the floor up after a good day.
What happens after it closes everything?
The rule that acted waits until you resume the guard in the app, and until then the master's new trades skip the account. A daily loss limit can also let copying resume by itself when the next day starts.
Which plans include it?
Every plan. It watches accounts you've connected, so it needs no slots of its own. See pricing.
Ready when the market is
Your strategy on every account, by tonight.
Connect your first account in minutes. No VPS to rent, no Expert Advisor to install and no need to keep MetaTrader open.