Before the entry
You drag the stop-loss line and the panel shows the lot size for your risk per trade. A wider stop means a smaller position, so a loss costs the same every time.
For prop firm challenges on MT5
Your challenge rules, set once and enforced in MT5
A challenge can end on a single rule: one oversized trade that hits the daily loss limit, or a stop moved at the wrong moment. ProRisk Manager sizes every position from your risk per trade, places the stop loss and locks its panel at the daily limit you choose. If you want, it also closes all positions then. You still decide every entry.
No guarantee that you pass a challenge. Check your prop firm's rules; the EA follows the values you enter.
GBPUSD
H1 · MetaTrader 5
1.32442
Daily loss limitAuto-close armed
+$176.27limit −$265.35
5% of balance · all positions
Lot from 1% risk
0.099 lot
What the EA does when it counts
When the trade runs your way
At the profit you set, the stop moves to breakeven and then trails in steps of your initial risk. Several positions with the same stop can trail together.
On a bad day
You set the daily loss limit as a percentage of the start balance. When it is reached, the EA locks its panel for new orders. If you switch on auto-close, it also closes all positions, at the limit or earlier, at a share of the limit you choose.
On several charts
The daily limit is shared between charts: if the EA runs on more than one symbol, the strictest value applies everywhere.
What the EA does not do
- It does not open trades on its own signals.
- It does not block orders you place in MT5's own order window; it can warn you about them.
- It works while MT5 runs. For protection around the clock, run MT5 on a VPS.
- It does not know your firm's rule book. You enter the values.
Set up in three steps
- 01
Enter your firm's numbers
Daily loss limit and risk per trade in the EA settings, on a demo account first.
- 02
Trade from the panel
Drag the stop, check the lot size, click Buy or Sell.
- 03
Review in the dashboard
See your results per day and symbol and adjust your rules.
ProRisk Manager for MT5
Test it on a demo account first
14 days of PRO with every feature. Enter your firm's limits on a demo account and see how the EA reacts before you trade the challenge.
- 14 days PRO, no payment details
- Test on a demo account first
- Ends by itself
Start your 14-day PRO trial
Frequently asked questions
Does the EA guarantee that I pass a challenge?
No. It enforces the risk rules you set: position size, stops and the daily loss limit. Whether a challenge works out still depends on your trading and on the firm's rules.
Which prop firms does it work with?
With any firm that offers MetaTrader 5 and allows expert advisors. Check your firm's rules to see whether EAs and trade management tools are permitted.
Does the daily loss limit calculate like my firm?
The EA measures the limit from the start balance of the day. Firms calculate differently, for example from equity or with another reset time, so set the EA's limit a little below your firm's. The drawdown calculator shows where your firm's floor is.
How does the trial work?
You enter your email, confirm it and get a 14-day PRO license with every feature. No payment details are needed, and the trial ends by itself.
More tools and guides
- Prop firm drawdown calculatorWhere your daily loss limit and max drawdown are hit today.
- Position size calculatorLot size for forex, gold and indices from your risk %.
- Trailing stop EA for MT5Breakeven and trailing in steps of your risk.
- MT5 trade managers comparedFour risk tools side by side, with sources.
Trading, especially with leverage, involves high risk. You can lose the money you put in, and with some brokers more than that. ProRisk Manager does not give financial advice or guarantee profits.