Prop Firm Equity Guard for MetaTrader
Real-time equity monitoring and automated liquidation to prevent daily drawdown breaches.
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 market conditions—such as during high-impact news or spread spikes—a series of open trades can blow through your daily limit in seconds.
ChartWise Equity Guard is an automated capital protection engine that runs locally alongside your MetaTrader terminal, firing instant market close orders before prop firm rules are breached.
How It Works in ChartWise
- Set your prop firm rules: Select your daily drawdown limit in dollar amount or percentage.
- Configure safety buffer: Add a 0.5% or 1.0% buffer for slippage protection.
- Activate protection: Toggle Equity Guard on from mobile or desktop.
Settings & Configuration Options
| Parameter | Type | Default | Description |
|---|---|---|---|
| Equity Threshold | Amount / % | -$2,000 (-2.0%) | Absolute equity level that triggers emergency liquidation. |
| Buffer Margin | Pips / % | 0.5% | Safety offset preventing slippage from crossing prop firm rules. |
| Execution Action | Action | Close All Positions | Liquidates all open orders across all currency pairs and indices. |
| Cancel Pending Orders | Boolean | Enabled | Automatically deletes all buy/sell limit and stop orders. |
When to Use It
- Prop Firm Challenges: When trading evaluations where a single bad session can forfeit your challenge fee.
- High-Impact News Sessions: During NFP, CPI, or FOMC rate announcements when spreads fluctuate wildly.
"Standard stop losses protect individual trades. Equity Guard protects your entire trading account."
Ready to Trade with Prop Firm Equity Guard for MetaTrader?
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