prop guard mt5 daily loss and max drawdown dead-line visualizer (dashboard and line)

Related: Prop Firm Risk Dashboard: Monitor Daily Loss and Drawdown - another powerful indicator for MetaTrader 5 traders.

overview

Also recommended: prop-firm traders utility dashboard - similar indicator with strong performance on MetaTrader 5.

propguard mt5
is a
chart-window indicator
designed for traders who must respect strict prop-firm risk rules (daily loss limit and overall max drawdown). instead of watching numbers in the terminal, propguard converts your risk limits into a
clear, visual price level
on the chart — the
dead-line
.
when price reaches the dead-line (based on your current exposure), your account would reach the configured drawdown boundary. this helps you make faster decisions, reduce emotional trading, and avoid rule violations.
core concept: the “dead-line”
prop firms typically define loss limits in currency or percentage terms (daily and overall). propguard translates these limits into a
dynamic chart level
:

if you are
net long
, the dead-line is the price below the current market where your allowed loss is exhausted.

if you are
net short
, the dead-line is the price above the current market where your allowed loss is exhausted.

this line updates in real time and reflects:

current
equity

current
open positions on the chart symbol

the symbol’s tick value / tick size (multi-asset compatible)

what the indicator displays
1) effective dead-line (main line)
propguard always draws the
most restrictive
limit as a single “effective” dead-line:

daily
or
overall
(whichever is closer to the current price / stricter)

2) optional separate lines
if enabled, you can additionally display:

daily dead-line

overall dead-line

3) on-chart dashboard panel
a compact panel shows:

balance and equity

daily / overall maximum allowed loss

daily / overall minimum equity levels

long lots / short lots (on this symbol)

daily and overall dead-line prices

effective rule (daily / overall)

remaining buffer in
currency
and
points
, with optional warning highlight

trailing drawdown mode (prop-style)
propguard supports both common drawdown models:
trailing drawdown on

daily reference:
daily peak equity

overall reference:
overall peak equity

the dead-line can move as you reach new equity highs (risk line “trails”)

trailing drawdown off

daily reference:
start-of-day balance
(see notes below)

overall reference:
start capital
(manual input)

dead-line is based on fixed reference values

safety handling (edge cases)
propguard is designed to behave safely and transparently:

no open positions on the symbol
→ lines are hidden, dashboard shows “no positions”.

hedged / near-zero net sensitivity
(net exposure effectively neutral)→ lines are hidden, dashboard shows “hedged (no dead-line)”.

limit already violated
→ dashboard shows
“violated!”
and remaining buffer becomes negative.

inputs (quick guide)

daily max dd (%)
— daily loss limit in percent

overall max dd (%)
— maximum drawdown limit in percent

trailing drawdown mode
— peak-equity trailing on/off

account start capital
— used when trailing is off (overall reference)

show daily & overall lines separately
— show both limits or only the effective line

dashboard corner / x offset / y offset
— panel placement

line colors / width
— visual customization

warning threshold (%)
— highlight remaining buffer when close to violation

notes and important limitations (read before use)

symbol-specific logic:
the dead-line is calculated from
positions on the current chart symbol only
.if you trade multiple symbols, attach propguard to each relevant chart.

visualization tool:
propguard helps you visualize risk boundaries, but it does not execute trades, close positions, or enforce rules automatically.

who this is for

prop-firm traders who need to respect daily loss and max drawdown rules

traders who want a
visual risk boundary
instead of constantly watching equity numbers

multi-asset traders (fx, indices, metals, crypto cfds) who want a universal sensitivity approach

You may also like: asq propguard: real-time prop firm rule monitor for metatrader 5 - excellent alternative for indicator users on MetaTrader 5.

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• 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.