Prop Firm Protector

Prop Firm Protector - Complete Risk Management Suite

(Most capable Protector in the market) 

A comprehensive risk management tool designed to help traders monitor and manage their trading according to predefined rules and limits.

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Protection Features

This EA provides automated monitoring and management across multiple risk categories:

Symbol and Lot Management

- Whitelist allowed symbols with automatic monitoring of unauthorized pairs

- Maximum lot size enforcement with configurable action (reduce to maximum or close position)

- Instant alerts when violations are detected

Daily Loss and Profit Management

- Daily loss limit monitoring that closes all trades when threshold is reached

- Daily profit target feature that can lock in gains automatically

- Real-time profit/loss tracking with visual progress bar

- Instant alerts when limits are triggered

News Event Monitoring

- Built-in economic calendar integration using MT5's native calendar

- Auto breakeven feature before scheduled news events

- Configurable time buffer (minutes before and after news release)

- Live countdown timer displayed on panel

- Instant alerts when entering news window

Partial Position Management

- Automatic partial close at specified pip targets

- Auto breakeven feature moves stop loss to entry plus buffer

- One-click enable and disable controls

- Instant alerts when partials are executed

Automatic Stop Loss and Take Profit

- Auto Stop Loss applies SL to any trade opened without one

- Auto Take Profit applies TP to any trade opened without one

- Configurable pip distance for both SL and TP

- Instant alerts when SL or TP is applied

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Notification System

Version 2.20 includes dual notification options:

- Mobile Push Notifications via MT5 mobile app

- Desktop Popup Alerts for immediate on-screen notifications

- Both notification types can be enabled or disabled independently

- Smart alert tracking prevents duplicate notifications

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User Interface

The panel includes the following visual elements:

- Three color themes: Dark, Midnight Blue, Matrix Green

- Live profit/loss progress bar showing progress toward daily target

- Animated status indicators for real-time module status

- News countdown timer displaying time until next scheduled event

- Session statistics tracking violations, partials, and breakeven executions

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Important Configuration Notes

Pre-Protection Mode:

All protection features are disabled by default to prevent accidental trade closures during initial setup. When first attaching the EA, a setup alert appears reminding you to configure settings. No trades will be closed until you enable specific protection features. Configure your values first, then enable each feature as needed.

Volatile Instrument Considerations:

The default 200 pip Auto SL setting may not be appropriate for highly volatile instruments. Recommended minimum SL distances:

- BTCUSD: 1000+ pips (Bitcoin has large price movements)

- XAUUSD (Gold): 300+ pips (high volatility asset)

- Indices (US30, NAS100): 500+ pips (wide daily ranges)

- Forex Majors: 50-200 pips (standard volatility)

Always adjust SL and TP pip settings based on the volatility characteristics of your trading instruments.

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Installation and Usage Instructions

1. Attach the EA to any chart (functions on all symbols and timeframes)

2. Configure your trading rules in the input parameters:

   - Enter allowed symbols in comma-separated format

   - Set maximum lot size limit

   - Set daily loss limit and profit target amounts

3. Enable the specific protection modules you need

4. Trade as normal while the EA monitors activity

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Input Parameters

Display Settings:

- X Offset: Panel horizontal position (default: 20)

- Y Offset: Panel vertical position (default: 30)

- Color Theme: Dark, Midnight, or Matrix (default: Dark)

- Show Progress Bar: Display P&L visual progress (default: true)

- Compact Mode: Use smaller panel size (default: false)

Symbol and Lot Police:

- Allowed Symbols: Comma-separated whitelist (default: EURUSD,GBPUSD,USDJPY,XAUUSD)

- Max Lot Size: Maximum position size (default: 1.0)

- Enable Symbol Filter: Activate symbol checking (default: false)

- Enable Lot Filter: Activate lot checking (default: false)

- Reduce Instead of Close: Reduce oversized positions vs close them (default: true)

Drawdown Firewall:

- Daily Loss Limit: Dollar amount before lockout (default: 500)

- Daily Profit Target: Dollar amount for auto-close (default: 1000)

- Enable Loss Limit: Activate loss protection (default: false)

- Enable Profit Target: Activate profit lock (default: false)

News Sentinel:

- Minutes Before: Block window before news (default: 5)

- Minutes After: Block window after news (default: 5)

- Block High Impact: Monitor high-impact news (default: true)

- Move to BE News: Auto breakeven before news (default: true)

- Watch Currencies: Currencies to monitor (default: USD,EUR,GBP,JPY)

Smart Partial Manager:

- Target A Pips: Pip profit for partial close (default: 20)

- Partial Close Percentage: Percentage to close (default: 50)

- BE Buffer Pips: Pips above entry for breakeven (default: 1)

- Enable Partial Close: Activate partials (default: true)

- Enable Breakeven: Activate auto-breakeven (default: true)

Auto SL/TP:

- Auto SL Pips: Stop loss distance (default: 200)

- Auto TP Pips: Take profit distance (default: 400)

- Enable Auto SL: Activate auto stop loss (default: false)

- Enable Auto TP: Activate auto take profit (default: false)

Notifications:

- Enable Push Notify: Mobile push alerts via MT5 app (default: true)

- Enable Popup Alerts: Desktop popup notifications (default: true)

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Version History

v2.20 (Current)

- Added instant popup alerts for all protection events

- Added smart alert tracking to prevent duplicate notifications

- Improved News Sentinel alerts when entering news window

- Improved Auto SL/TP notifications with detailed position information

- Improved partial close alerts with profit pips display

- Fixed panel display optimizations

v2.10

- Initial release with all core features

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Compatibility

The EA works with trades from any source including manual trades, signal subscriptions, and other Expert Advisors. It functions on all MT5 brokers and uses MT5's built-in economic calendar with no external dependencies required.

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Technical Specifications

- Platform: MetaTrader 5 only

- Trade Sources: Manual trades, signals, other EAs

- Calendar: Uses MT5 built-in economic calendar

- Broker Compatibility: All MT5 brokers

- External Dependencies: None

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Support

For questions or technical assistance, contact via MQL5 private messaging system.

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Made by Navigator Trading Systems