Account Protector for MetaTrader
Real-time equity-threshold auto-protection · Free, open-source · MT4/MT5
About Account Protector for MetaTrader
The Account Protector, developed and open-sourced by EarnForex (free on GitHub, also listed on MQL5 Market), is a MetaTrader 4/5 risk-management Expert Advisor that monitors account equity in real time and automatically takes protective action when it falls below a trader-defined threshold.
It automates emergency position-closing and other critical trade-management procedures, acting as a safety net against catastrophic account drawdown — particularly valuable for traders running multiple EAs simultaneously, where a single misbehaving strategy could otherwise be caught too late.
- Platform: MetaTrader 4 / MetaTrader 5
- Type: Real-time equity-threshold protection utility
- Function: Automated emergency position closing when equity threshold is breached
- Price: Free, open-source
- Source: earnforex.com · Account Protector for MetaTrader
Key Features
✓ Free, open-source, and cross-platform (MT4/MT5)
✓ Acts as a last-resort safety net independent of whatever other EAs are running
⚠ Set the equity threshold carefully — too tight and it triggers on normal volatility, too loose and it fails to protect capital in time