MT4 risk manager EA that keeps you inside your own rules

Most bad days start with one broken rule

You know your rules. Risk 1%. Stop after three losses. Never trade without a stop-loss.

Then a trade goes wrong. You open a bigger one to win it back. You move the stop. By the evening, one bad trade has become a bad week.

A risk manager EA does not make you a better analyst. It makes the rules you already have hard to break, in the minutes when breaking them feels right.

What the risk manager does on your MT4 chart

• Lot size from your stop-loss

  Drag the stop-loss line on the chart. The panel sets the lot size from your risk %, so a loss costs what you planned. A market trade uses 2 lines (stop and target). A pending order uses 3 (entry, stop and target).

  Try the free position size calculator

• Daily loss limit EA: the day ends when your limit is reached

  Set your daily loss limit once. The panel shows "Loss today" on your chart. When the limit is reached, it locks new trades for the rest of the day. For prop firm accounts, set your limit below the firm's limit, so the panel stops you before the firm's rule does.

  How many losses does your limit allow?

• Open risk stays under your cap

  Set one cap for all open trades together. A new trade is fitted into the risk that is left, or blocked. Commission can be counted in the risk if you want.

• A trade journal with screenshots

  Every trade is saved with a screenshot when it opens and when it closes, plus a note with the details. Weekly and monthly reports open in any browser. The files stay on your computer.

  How the journal works

Also inside: news alerts that pause new trades around high-impact releases, session lines for Asia, Europe, London and New York, a daily profit goal, a margin cap, and a daily limit that tightens on weekdays that keep costing you money.

Alerts only, or auto-manage

You decide what happens when a rule breaks.

• Alerts only: the panel warns you, for example "This trade has no stop-loss", and you decide.
• Auto-manage: the panel fixes it and, if you allow it, closes trades that break your rules.

Start with Alerts only if you are not sure. You can switch at any time.

What it never does

• It never opens a trade by itself. Orders go out only when you press its button, or when Auto-manage closes a trade that breaks your rules.
• It gives no signals. It does not tell you what to buy or sell.
• It does not upload your trades. Your journal and reports stay on your computer.
• It does not ask for your broker password. A key needs only your MT4 account number.

Read all our promises

Plan your risk before you open MT4

Free calculators. No sign-up.

• Position size

  Lot size from your stop and risk %.

  Open calculator

• Risk of ruin

  How often a losing streak could reach your limit.

  Open calculator

• Drawdown recovery

  The gain you need to get back to where you were.

  Open calculator

• Daily loss limit

  How many losing trades your daily limit allows.

  Open calculator

Start in three steps

1. Download the trial. Enter your email and download the panel with a setup guide. On a demo account it runs free for 7 days, no key needed.
2. Add it to MT4. Set your risk %, daily loss limit and trade limit once. Install guide
3. Trade as you always do. Place your lines and press the panel's button. The rules do the rest.

MT4 only. The MT5 version is coming soon and is not for sale yet. Needs MT4 on Windows, on a computer or a VPS. It does not run in the MT4 phone app. On a Mac: see how.

Questions

What is an MT4 risk manager EA?

It is an Expert Advisor that checks your risk while you trade. Discipline Guard sizes each trade from your stop-loss and risk %, caps your total open risk, and stops new trades when your daily loss limit is reached. It never opens a trade by itself.

How does the daily loss limit work?

You set the limit once, as a % of your account. The panel shows your loss today on the chart. When the limit is reached, it locks new trades for the rest of the day.

Can I use it on a prop firm account?

It runs on any MT4 account. Set your daily loss limit below your firm's limit, so the panel stops you before the firm's rule does. Read your firm's rules on EAs first.

Does it work on MT5?

Not yet. Discipline Guard runs on MT4 today. The MT5 version is coming soon and is not for sale yet. Follow @Disciplineguard on Telegram to hear when it is ready.

Will it trade for me?

No. It opens a trade only when you press its button. It gives no signals and does not choose your trades. You decide; the panel keeps you inside your own rules.

Put your risk rules on the chart

Try every feature free for 7 days on an MT4 demo account. No payment needed.

Start free 7-day trial

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Trading involves risk. Discipline Guard helps with discipline and risk control. It does not promise profits.