Prop Firm Guard Panel
Info
The Prop Firm Guard Panel is a Indicator for MetaTrader 5 that prop firm guard panel is a utility for traders using prop firm challenges or funded accounts. It displays real-time information about the distance to the daily loss limit, maximum loss limit, and profit target.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Prop Firm Guard Panel
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Prop Firm Guard Panel is a utility for traders using prop firm challenges or funded accounts.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Prop Firm Live Daily Breach Line: Accurate Drawdown Monitoring - another powerful indicator for MetaTrader 5 traders.
Prop Firm Guard Panel is a utility for traders using prop firm challenges or funded accounts. It displays real-time information about the distance to the daily loss limit, maximum loss limit, and profit target. This allows traders to monitor their remaining room before violating any rules.Also recommended: Daily Profit/Loss Percentage Overlay for Prop Firm Daily Loss Limits - similar indicator with strong performance on MetaTrader 5.
This indicator is for display purposes only. It does not open, modify, or close trades.
Panel Information:
Equity and Balance
Daily Loss: Amount used, limit, percentage, and remaining room (calculated from the start-of-day balance).
Maximum Loss: Percentage used, remaining room, and the equity floor.
Profit Target: Progress bar and percentage.
Day Start Time (server time) and Start-of-Day Balance.
The start-of-day balance is recalculated from today's closed trades, ensuring accuracy even after terminal restarts. Colors change from green to orange to red as limits are approached. Optional alerts (popup and push notification) are triggered once when a warning level is reached.
Inputs:
InpInitialBalance: Initial account size (e.g., 100000).
InpDailyLossPct: Daily loss limit as a percentage of the initial balance (default 5).
InpMaxLossPct: Maximum loss limit as a percentage of the initial balance (default 10).
InpTargetPct: Profit target as a percentage (default 10).
InpResetHour: Server hour for the trading day reset (default 0).
InpWarnPct: Warning level as a percentage of a limit used (default 80).
InpPopup: Enable popup alerts.
InpPush: Enable push notifications.
InpCorner, InpX, InpY: Panel position on the chart.
InpFontSize: Font size.
InpTheme: Auto (matches chart background), Dark, or Light.
Note: Prop firm rules vary (e.g., balance-based vs. equity-based daily limits, trailing drawdowns, reset times). Please set the inputs according to your specific firm's regulations.
You may also like: Prop Firm Daily Loss Limit Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_plots 0
input group "Account rules"
input double InpInitialBalance = 100000.0;
input double InpDailyLossPct = 5.0;
input double InpMaxLossPct = 10.0;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.