Capital Protection & Risk

Prop Firm Equity Guard for MetaTrader

Real-time equity monitoring that closes all open positions when your account crosses the floor you configure.

PROP FIRM DRAWDOWN DEFENSE MECHANISM STARTING EQUITY: $100,000 PROP FIRM BREACH: $95,000 (-5%) CHARTWISE GUARD: $96,000 (-4%) AUTO-CLOSE TRIGGERED All trades closed at $96,000 Verified Flat, $1,000 Above Breach
A worked example: with the floor armed at $96,000 on a $100,000 account, every open position is closed and the flatten verified before the prop firm’s $95,000 breach line.

What It Does

Prop firm challenges from firms like FTMO, FundedNext, and FundingPips have strict daily loss limits (typically 4% to 5% of starting equity). In volatile conditions, such as high-impact news or spread spikes, a series of open trades can blow through your daily limit in seconds.

ChartWise Equity Guard runs locally alongside your MetaTrader terminal. When equity crosses the floor you configured, it closes every open position, deletes pending orders, and verifies the account is flat.

How It Works in ChartWise

  1. Set the equity floor in dollars, or as a percent of current equity: a 90% threshold puts the floor at $90,000 on a $100,000 account.
  2. Optionally add a daily drawdown limit, in percent or dollars, measured from the broker’s day-start equity. With reset daily on (the default), the floor re-arms at the daily rollover.
  3. Arm the guard from mobile or desktop. When close on breach is enabled and equity crosses your line, the EA closes all open positions, deletes pending orders, and verifies the account is flat.

Settings & Configuration Options

ParameterTypeDefaultDescription
Equity Threshold Modemoney / percentmoneyWhether the floor is entered as a dollar amount or a percent of current equity.
Equity ThresholdAmount / % of equityOff (0): set your own floorThe floor the guard defends. Percent mode resolves to a dollar floor when armed (for example 90 = floor at 90% of equity).
Daily Drawdown Modepercent / moneypercentDaily drawdown limit measured from the broker’s day-start equity.
Daily Drawdown Pct / AmountNumeric0 / 0 (off)The daily loss limit in percent or dollars. Zero disables that side.
Close on BreachBooleanOffOn a breach, closes all open positions across every symbol and deletes pending orders, then verifies the account is flat.
Reset DailyBooleanOnRe-arms the floor at the broker day rollover.

When to Use It

"Standard stop losses protect individual trades. Equity Guard protects your entire trading account."

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