Prop DrawDown Protector for MT5 Risk Management [Free] TFlab

The Prop Draw Down Protector EA (MT5) is a professional-grade MetaTrader 5 expert advisor designed specifically for proprietary traders and disciplined investors. This advanced tool enforces strict trading rules, eliminates emotional decision-making, and ensures compliance with prop firm challenge requirements through 7 comprehensive control modules.

You can download it from this link:
https://cdn.tradingfinder.com/file/3...5-by-tflab.zip

You can also access the MetaTrader 4 version of this indicator through this page
https://www.cryptocraft.com/thread/1...anagement-free

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader



Key Features

1. Category: Professional Risk Management
2. Platform: MetaTrader 5
3. User Level: Advanced Traders
4. Core Function: Automated Rule Enforcement
5. Best For: Prop Firm Challenges, Funded Accounts
6. Markets: Forex, Stocks, Indices

7 Control Modules
1. Volume Management

1. Max Trade Size: Hard cap on position size
2. Daily/Weekly Limits: Controls trade frequency
3. Sequence Controls: Blocks trades after consecutive wins/losses
   

2. Session Timing

1. Custom Trading Hours: Per weekday
2. Session Locks: Prevents after-hours trading
3. Time Zone Awareness: Adapts to global markets
   

3. Profit/Loss Governors

1. Daily/Weekly Caps: In %, pips, or $
2. Auto-Shutdown: At predefined thresholds
3. Streak Protection: Stops after set losses
   

4. Symbol Restrictions

1. Whitelisting: Approved instruments only
2. Market Focus: Prevents impulsive trades
3. Strategy Alignment: Matches your edge
   

5. Real-Time Monitoring

1. Account Dashboard: P&L, streaks, drawdown
2. Performance Analytics: Daily/weekly metrics
3. Visual Alerts: Critical warnings
   

6. Mandatory Risk Controls

1. TP/SL Enforcement: No naked positions
2. Adjustment Locks: Prevents tampering
3. Reminder Alerts: For missing parameters
   

7. News Filter

1. Economic Event Blocks: Customizable buffers
2. Volatility Protection: Around high-impact news
3. Symbol-Specific: For targeted instruments
   

Why Professional Traders Need This
Guarantees Prop Firm Compliance
Eliminates Emotional Trading
Enforces Trading Plan Discipline
Protects Against Overleveraging
Maintains Challenge Eligibility
Advanced Applications

1. Funded Account Protection
   1. Set 5% max daily loss rules
   2. Enforce 1:1 risk-reward automatically

2. Trading Psychology Mastery
   1. Halt trading after 3 consecutive losses
   2. Prevent revenge trading impulses

3. Strategy Optimization
   1. Backtest with live rule enforcement
   2. Refine edge without emotional interference

Critical Notes

1. License Required (Contact vendor for activation)
2. Not a Trading System - Works alongside your strategy
3. Requires Testing - Verify settings pre-deployment

Ideal Users

1. Proprietary trading candidates
2. Funded account holders
3. Traders struggling with discipline
4. Anyone managing >$10,000 accounts

This EA transforms theoretical risk management into automated enforcement - the ultimate safeguard for professional trading.