PropFirm Risk Guard

PropFirm Risk Guard

PropFirm Risk Guard is a professional utility designed to assist traders with accurate lot size calculations. In prop firm trading environments, adhering to strict risk management rules is critical. This tool automates the mathematical process, helping traders maintain consistent risk parameters through an intuitive visual interface.

Key Features

• NEW: Interactive Visual Stop Loss: No need to calculate points manually. Simply drag the red line on your chart to your desired Stop Loss level, and the tool automatically calculates the distance in points.

• Instant Calculation: Takes your Stop Loss (via drag-line or manual input) and desired Risk % to calculate the required lot size based on current account equity.

• Symbol Auto-Detection: Automatically reads the contract size and tick value for any symbol (Gold, Forex, Indices).

• Safety Oriented: Helps prevent accidental over-leveraging by providing precise volume data before trade execution.

• Overlay Panel: A non-intrusive dashboard that integrates directly onto the MetaTrader 5 chart.

How to Use

1. Attach the indicator to a chart (e.g., XAUUSD).

2. Drag the Red Line to your intended Stop Loss price (the "Points" field will update automatically).

3. Alternative: You can still manually type the distance in points if preferred.

4. Input your Risk Percentage (e.g., 0.5 or 1.0).

5. The panel displays the exact lot size to be used for the order.

Why Use a Risk Calculator?

Manual calculations are prone to human error, especially during high volatility. A miscalculation of lot size can lead to exceeding daily drawdown limits. This utility ensures that every trade aligns with your pre-defined risk plan, saving you time and mental energy.

Advanced Automation

This tool is designed for manual traders who execute their own entries. For traders seeking a fully automated solution that incorporates this risk logic along with a seasonality filter, please refer to the Gold M5 PropFirm Killer Expert Advisor available in my seller profile.

Parameters

• Default Risk %: Set your preferred default risk (e.g., 0.5).

• Panel Color: Customize the background color to match your chart template.

• Use SL Line: Enable or disable the interactive line on the chart.

• SL Line Color: Choose the color of the drag-able stop loss line.

Important Note

This tool is a calculator only. It does not execute trades. Past performance of any trading system or methodology is not necessarily indicative of future results.