Prop Draw Down Protector Expert Advisor in MetaTrader 4 [TFlab]

The Prop Draw Down Protector Expert MT4 is a specialized risk management tool from TradingFinder, created specifically for Prop Traders on MetaTrader 4.

By combining drawdown protection, trade management, and psychology control, this EA ensures traders execute strategies within strict predefined rules. Its 7 functional tabs give complete control over position sizing, timing, symbols, news filters, and performance monitoring. 🚀

⚙️ Quick Specifications

• Category: Risk & Money Management
• Platform: MetaTrader 4
• Skill Level: Intermediate – Advanced
• Trading Style: Day Trading, Scalping, Intraday
• Timeframe: Multi-Timeframe
• Markets: Forex, Stocks, Commodities, Indices

🔎 Key Features

✔️ Capital protection through volume & entry limits

✔️ Customizable trading sessions with daily/weekly restrictions

✔️ Drawdown controls via profit/loss caps

✔️ Restrict trading to approved symbols only

✔️ Integrated account monitoring panel

✔️ Compulsory TP/SL enforcement ⚖️

✔️ News filter for safe event-based trading 📰

📊 Volume Tab – Position & Capital Limits

The Volume Tab enforces limits on trade size, daily/weekly trade counts, and streaks of wins/losses. This ensures traders stick to money management rules and avoid overtrading.

✅ Result: Stronger discipline, lower risk exposure, and more consistent equity growth.

⏰ Time Tab – Controlled Trading Sessions

Traders can define daily trading windows for each weekday. This ensures strategies only run during planned hours and stay inactive in risky or low-liquidity times.

✅ Result: Builds routine, removes randomness, and keeps trading structured.

💹 P/L Tab – Profit & Loss Protection

This section sets maximum daily/weekly profit or loss levels (in % / pips / $). Once reached, trading stops automatically.

✅ Result: Prevents deep drawdowns and protects accounts from emotional revenge trading.

📑 Symbol Tab – Focused Market Access

Here, traders can whitelist specific instruments (chart symbol, Market Watch, or a custom list).

✅ Result: Keeps trading aligned with the core plan, avoiding strategy drift.

📋 Trades Tab – Live Account Monitoring

Displays essential info like:

• Starting balance (daily/weekly)
• Profit/loss sequences
• Drawdown tracking

The compact info panel option keeps charts clean while showing key stats.

✅ Result: Clear, real-time insights into performance.

🎯 TP & SL Tab – Mandatory Risk Rules

Forces traders to always apply Stop Loss & Take Profit. Alerts trigger if missing, and limits prevent emotional changes.

✅ Result: Every trade follows structured risk management.

📰 News Tab – Event-Based Risk Filter

Blocks trading before/after major news releases for selected symbols. Traders can apply filters to 8 majors or enable full coverage.

✅ Result: Shields accounts from unexpected volatility spikes.

✅ Final Thoughts

The Prop Draw Down Protector EA is not just an Expert Advisor—it’s a discipline enforcer for prop trading.

With 7 customizable modules, it helps traders:

🔹 Maintain strict rules

🔹 Avoid unnecessary losses

🔹 Trade only in safe conditions

🔹 Achieve long-term consistency 📈

For Prop Traders serious about risk control, this EA is an essential tool to protect capital and improve performance.