Daily loss limit EA for MT5

A daily loss limit you have to remember in the moment is a wish. An EA that acts at the limit turns it into a rule.

What a daily loss guard does

1. It records the starting value of the day at your chosen reset time.
2. It watches the loss against that value while you trade, including open positions if you choose equity.
3. At your limit it closes positions and blocks new ones until the next trading day.

Set it below the firm's limit

Set your own stop clearly inside the firm's hard limit. Slippage, spreads at rollover and fast moves can carry a loss past the exact number before anything can react. The buffer is what keeps one bad day from ending the account.

Match the firm's definitions

• Basis: balance or equity.
• Starting value: balance or equity at the daily reset.
• Reset time: the firm's clock, which may differ from your broker's server time, especially around daylight saving changes.

What an EA cannot do

• It only runs while MetaTrader 5 runs. For round-the-clock protection use a Windows VPS.
• It reacts to prices it receives; it cannot prevent slippage in a fast market.
• Stop losses on the broker's server stay your first line of protection.

Free and full options

The PropBlaster Daily Loss Guard is free in the MQL5 Market (search "PropBlaster" in the Market tab of MT5). The PropBlaster Cockpit adds max trades per day, losing-streak pauses, a hard lock with an emergency unlock that needs a written reason, and a journal that records every override.

Questions

Does a daily loss limit EA work when MT5 is closed?

No. It runs inside MetaTrader 5, so the terminal must be running. Use a VPS for constant protection and keep stop losses on the server.

Should the EA use balance or equity?

Use the same basis as your prop firm. If the firm counts floating losses, set the EA to equity.

Related: Daily drawdown rules explained · Equity vs balance drawdown · Copy trading rules · Trading journal for prop firms · Daily loss limit EA