Description

FRZ Prop Account Guard for MT4 & MT5 – Automated Prop Firm Protection & Loss Guard

FRZ Prop Account Guard is a free, high-performance utility designed to safeguard FTMO, FundedNext, The5%ers, Funding Pips, and all other prop trading evaluation and funded accounts. It continuously monitors your account’s daily loss, maximum overall drawdown, and profit target across all traded symbols. The moment a critical limit is approached, it automatically closes all market trades and resting pending orders so you never fail a challenge due to a single execution slip, overnight rollover spike, or runaway market move.

NB: This is an automated risk guard and trading assistant. It runs on a single chart and monitors all open trades across your entire account; it does not generate trade entries by itself.

Video & Screenshots

(This video is from an earlier version – always refer to the written user manual for current parameters and features.)

Real-Time On-Chart Dashboard:

Configurable Input Parameters:

Key Features

• Automated Daily Loss & Max Drawdown Guard: Continuously calculates live account equity against your prop firm rules and force-closes trades before any limit is hit.
• Customizable Daily Loss Reference Bases: Supports both Fixed Initial Capital (standard FTMO / FundedNext) and Prior-Day Higher Balance & Equity (The5%ers, Funding Pips, Alpha Capital Group).
• Combined or Open-Only Daily Calculation: Choose between combined session P/L (closed trades today + currently open floating trades) or open floating drawdown only.
• Static, Trailing, & Stepped Max Loss Modes: Enforce static loss floors, trailing EOD balance/equity ratchets, or automatic milestone-based step triggers.
• Profit Target Auto-Close: Automatically locks in a challenge pass by closing all trades when your evaluation profit target is reached.
• Slippage & Execution Buffers: Configurable percentage buffers ensure forced closures trigger with sufficient cushion to survive real-world market spread and slippage.
• Pre-Day-End Protection Filter: Analyzes open trades minutes before midnight rollover to close high-risk positions that would fail the fresh daily limit tomorrow.
• Friday Weekend Close Filter: Automatically closes open positions and cancels resting pendings at a preset Friday time for prop accounts prohibiting weekend holding.
• Global AutoTrading Shutoff: Automatically disables the terminal’s global AutoTrading button upon breach via Windows API, preventing other EAs on your terminal from opening subsequent trades.
• Interactive On-Chart Controls: Features a dark-card dashboard HUD and a one-click RESET GUARD button to easily clear persisted states when starting a new challenge.
• Multi-Channel Alerts: Sends instant MetaTrader mobile push notifications and emails on any protective closure or target achievement.

Who This EA Is For

• Prop Challenge Traders: Traders actively taking evaluations at FTMO, The5%ers, Funding Pips, FundedNext, E8, or any major prop firm seeking protection against rule violations.
• Multi-Chart EA Traders: Anyone running automated trading strategies or multiple EAs across different charts needing an account-wide emergency circuit breaker.
• Manual Discretionary Traders: Traders who want automated risk management to enforce strict daily loss discipline and prevent emotional overtrading or revenge trading.
• Weekend-Restricted Traders: Prop traders requiring automated Friday trade closures to satisfy firm rules without manual intervention.

Technical Specifications

For detailed input explanations and worked examples, refer to the User Manual.

Installation & Setup Guide

1. Download the free package for MT4 or MT5 from above.
2. Copy the compiled file into your MetaTrader MQL4/Experts or MQL5/Experts directory.
3. Enable AutoTrading (MT4) or Algo Trading (MT5), and ensure “Allow DLL imports” is enabled in terminal options.
4. Attach the EA to ONLY ONE chart on your account (any timeframe).
5. Configure your account capital, daily loss limit, max loss limit, and buffers in the settings.

For complete installation instructions and detailed parameter guides, visit the FRZ Prop Account Guard User Manual.

Recommended Broker & VPS

We recommend using a low-spread broker and a reliable VPS.

• Recommended Broker: IC Markets. If ICMarkets not available in your country, please use IC Trading.
• Recommended VPS Provider: Contabo VPS.

You may contact us on live chat in case you need any support in this regard.

Frequently Asked Questions

Is FRZ Prop Account Guard really 100% free?
Yes, it is completely free with no feature restrictions, no expiration date, and no account number locking.

Do I need to load the EA on every chart I trade?
No. Load it onto only one chart of your choice. It operates at the account level and automatically monitors all trades and pending orders across every symbol and magic number.

Does this EA trade automatically?
No. It is an account protection and risk management utility. It does not initiate trade entries; it monitors and force-closes trades opened manually or by other EAs to protect your account limits.

How does it disable AutoTrading?
When DisableAutoTrade is set to true and “Allow DLL imports” is enabled, the EA sends a Windows API command directly to MetaTrader to toggle off the global AutoTrading button the moment a breach occurs, stopping any other EAs from opening new trades.

Can I use this for non-prop personal accounts?
Yes. Many traders use it on personal live accounts as a disciplined daily loss circuit breaker and equity safeguard.

Support & Updates

All paid customers receive:

✔ Free lifetime updates
✔ Access to detailed user manuals
✔ Free remote installation support for first installation
✔ AI-based technical support
✔ General live chat and email ticket support
✔ Discord user forum support

You may check out our full Support Policy for more details.

Risk Disclaimer

Trading in financial markets involves substantial risk and may not be suitable for all investors. Our software is provided “as is” without any guarantee of profit. You are advised to test thoroughly on demo accounts before trading live. Please review our full terms and conditions before purchasing.

Related Trading Categories

Prop Firm Trading Tools