Daily loss protector

Daily loss protector

DailyLossProtector EA — Smart Risk Control for Safer Trading.

Protect your capital with precision.
DailyLossProtector is a minimalist, high-utility Expert Advisor designed for traders who prioritize capital preservation and disciplined risk control. This EA monitors your open trades and will automatically close them when a predefined floating loss threshold is reached, helping you avoid emotional decisions and unexpected drawdowns.

? Key Features

• ? Daily Loss Guard: Automatically closes all open positions if your total floating loss exceeds a user-defined USD value
• ? Self-Resetting Logic: Loss tracking resets each trading day for hands-free operation
• ? Symbol- and MagicNumber-specific targeting: Choose whether to manage manual trades or specific EAs
• ? Minimal Footprint: Lightweight code optimized for speed and stability across any broker or time frame

⚙️ Settings

• DailyLossLimit : Set your maximum allowable floating loss in USD (e.g., 20.00)
• Slippage : Control execution tolerance in points
• MagicNumber : Set to 0 for manual trades, or match your EA’s magic number for targeted control

? Use Case

Perfect for:

• Manual traders seeking a simple daily stop-loss safety net
• EA developers looking to bolt on loss control to their portfolio
• Prop traders needing strict drawdown rules for funded account consistency

⚠️ Important Notes

• The EA uses Global Variables to track day changes — no need for external files
• It operates on the current chart symbol and matches the provided MagicNumber
• Ensure your broker allows trade management via EAs and offers real-time equity updates

✨ Peace of Mind, One Tick at a Time

DailyLossProtector doesn’t try to predict markets — it enforces your discipline. Let it work quietly in the background while you focus on strategy, knowing your risk is always under control.