Prop Firm Equity Guard for MetaTrader
Real-time equity monitoring that closes all open positions when your account crosses the floor you configure.
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
- 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.
- 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.
- 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
| Parameter | Type | Default | Description |
|---|---|---|---|
| Equity Threshold Mode | money / percent | money | Whether the floor is entered as a dollar amount or a percent of current equity. |
| Equity Threshold | Amount / % of equity | Off (0): set your own floor | The floor the guard defends. Percent mode resolves to a dollar floor when armed (for example 90 = floor at 90% of equity). |
| Daily Drawdown Mode | percent / money | percent | Daily drawdown limit measured from the broker’s day-start equity. |
| Daily Drawdown Pct / Amount | Numeric | 0 / 0 (off) | The daily loss limit in percent or dollars. Zero disables that side. |
| Close on Breach | Boolean | Off | On a breach, closes all open positions across every symbol and deletes pending orders, then verifies the account is flat. |
| Reset Daily | Boolean | On | Re-arms the floor at the broker day rollover. |
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."
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