# UTrade Threat Guard for MetaTrader 5 — Full Setup and Characteristic Information
This information applies to UTrade Threat Guard v2.2.18.
Buying and selling self-discipline is commonly described as one thing a dealer should management by means of willpower alone. After 5 years of dwell buying and selling, I got here to a unique conclusion.
Monitoring day by day limits, counting entries, checking danger, remembering cooldowns and stopping after a sequence of losses consumes consideration that must be used for buying and selling choices. UTrade Threat Guard was created to automate this a part of the method.
It doesn’t open trades, generate indicators or select market course. It displays the buying and selling account, applies the boundaries chosen by the consumer and reacts when a managed rule is violated.
This information explains how each most important rule works and easy methods to configure the utility safely.
## 1. How UTrade Threat Guard works
UTrade Threat Guard is connected to at least one MetaTrader 5 chart however displays managed buying and selling exercise throughout the account.
Relying on the chosen monitoring scope, it may possibly management:
• trades opened manually;
• trades opened by Professional Advisors;
• your complete account;
• or trades related to a specific Magic Quantity.
A Magic Quantity is a technical identifier utilized by MetaTrader 5 to affiliate trades with a selected Professional Advisor or technique.
The utility operates reactively. MetaTrader first processes a buying and selling transaction after which informs this system about it. Due to this fact, when an entry violates a rule, the place might seem briefly earlier than UTrade Threat Guard sends a closing request.
It’s not a broker-side firewall and doesn’t substitute a broker-side Cease Loss.
## 2. First launch
On the primary launch, all safety limits are set to “0” or “OFF”. This prevents surprising buying and selling actions earlier than the consumer finishes configuring the utility.
Really useful first-launch process:
1. Connect UTrade Threat Guard to a chart of a logo out there on the at present related buying and selling account.
2. Allow Algo Buying and selling in MetaTrader 5.
3. Wait till account synchronization is full. On a clear first launch, the dashboard reveals “READY — RULES ARE OFF”. After a minimum of one rule is enabled, it reveals “PROTECTION ACTIVE”.
4. Choose the required dashboard language.
5. Configure the monitoring scope.
6. Configure the required guidelines.
7. Click on “Apply & Save”.
8. Take a look at the configuration on a demo account earlier than utilizing it in dwell buying and selling.
A price of “0” usually signifies that the corresponding rule is disabled.
## 3. Monitoring scope and Magic Quantity
“Monitor Magic = 0” means account-wide monitoring. The utility controls guide trades and trades opened by any Professional Advisor.
A optimistic Magic Quantity limits monitoring to trades belonging to a selected Professional Advisor or technique.
Retail hedging and retail netting accounts are supported. Alternate and unknown account modes are blocked for security.
On a hedging account, the place MetaTrader can hold a number of separate positions on one image, both mode can be utilized.
On a netting account, the place MetaTrader maintains one mixed place per image, “Monitor Magic” have to be set to “0”. Particular person methods can’t be separated reliably after their volumes are mixed into one internet place.
Just one connected copy turns into the controlling copy. Extra copies don’t create duplicate closing instructions or duplicate counters.
## 4. Entry and closure counters
### Accepted entries
An accepted entry is a brand new entry that turns into a part of the buying and selling exercise managed by the utility.
If the day by day restrict is 4, the primary 4 accepted entries are allowed. After the fourth accepted entry, additional entries are locked till the subsequent day by day reset.
### Guard-blocked entries
If an entry violates one other rule and is instantly closed by the guard, it’s recorded individually as a blocked try. It doesn’t devour the accepted-entry quota.
This prevents a place rejected by the guard from lowering the variety of legitimate entries out there for the day.
### Break up execution
A dealer can execute one supply order in a number of smaller offers. UTrade Threat Guard identifies these components as one supply order and counts them as one entry.
### Place additions
A separate order that provides quantity to an current place is one other accepted entry, as a result of it’s a new choice that will increase market publicity.
### Full and partial closures
A full closure signifies that the managed place has been closed fully.
A partial closure doesn’t depend as a full closure and doesn’t reset or enhance the Cease Loss streak.
The dashboard separates positions closed by the dealer from positions closed by the guard.
On a netting account, a reversal is handled as one full closure of the earlier course and one new entry in the other way.
## 5. Core Guidelines
### Each day Entry Restrict
This rule limits the variety of accepted entries throughout one buying and selling day.
The restrict doesn’t symbolize the variety of positions at present open. Closed positions stay a part of the day by day entry depend till the subsequent reset.
Instance:
• day by day entry restrict: 4;
• two positions had been opened and later closed;
• two further entries are nonetheless out there;
• after the fourth accepted entry, new entries are locked.
Already open positions will not be closed merely as a result of the day by day entry restrict has been reached.
### Most Positions per Image
On a hedging account, this rule limits the variety of concurrently open managed positions on one image. A netting account maintains one mixed place per image.
If the restrict is 2 and a 3rd place is opened, the guard identifies the surplus place and sends a closing request for it.
### Brief Cease Loss Pause
After the chosen variety of consecutive full Cease Loss exits, new entries are briefly paused.
That is meant to interrupt repeated buying and selling after a brief shedding sequence with out blocking your complete day.
### Each day Cease Loss Lock
After the chosen variety of consecutive full Cease Loss exits, new entries are blocked till the subsequent day by day reset.
A whole regular exit resets the Cease Loss streak to zero. A partial exit doesn’t change it. A place closed by the guard additionally doesn’t change this behavioural streak.
### Similar-symbol cooldown
After a traditional full closure, the utility can forestall a brand new entry on the identical image for the chosen variety of minutes.
Different symbols stay out there until one other account-wide rule is lively.
## 6. Protected modifications to the Each day Entry Restrict
The day by day entry restrict has further safety towards altering self-discipline guidelines throughout the buying and selling day.
After the primary accepted entry:
• growing the restrict is scheduled for the subsequent day by day reset;
• disabling the restrict is scheduled for the subsequent day by day reset;
• enabling a beforehand disabled restrict is handled as a stricter change and will be utilized instantly;
• reducing the restrict will also be utilized instantly;
• if the brand new stricter worth would lock entries instantly, the utility asks for a second affirmation inside eight seconds.
This prevents the restrict from being elevated impulsively after the unique quota has already been used.
A present lock can’t be bypassed just by disabling a rule. The lock stays authoritative till its deliberate expiration or reset.
## 7. Loss Limits
UTrade Threat Guard supplies three unbiased methods to watch day by day losses.
### Each day loss based mostly on present account worth
The present account worth, known as Fairness in MetaTrader 5, is the stability plus the present results of open positions.
This rule due to this fact reacts to each:
• realized outcomes from closed trades;
• unrealized outcomes from positions which can be nonetheless open.
The reference will be based mostly on the stability or present account worth recorded at first of the buying and selling day.
### Restrict calculation modes
The day by day loss finances will be calculated in 3 ways.
#### Share of the day-start reference
Instance:
• day-start reference: USD 100,000;
• day by day loss share: 1.6%;
• day by day loss finances: USD 1,600.
#### Share of a set account measurement
Instance:
• mounted account measurement: USD 100,000;
• share: 1.6%;
• day by day loss finances: USD 1,600.
This finances doesn’t change when the true account stability modifications.
#### Fastened cash quantity
Instance:
• mounted loss quantity: USD 1,600;
• day by day loss finances: precisely USD 1,600.
On this mode, the mounted cash quantity is authoritative and the proportion worth just isn’t used.
All financial values are calculated within the account deposit forex. On a EUR account, financial limits and calculated danger are expressed in EUR.
### Internet Realized Loss Restrict
This rule displays the mixed realized results of accomplished managed trades.
Worthwhile exits restore a part of the finances.
Instance:
• first consequence: −300;
• second consequence: +100;
• internet realized consequence: −200.
### Gross Dropping Exits Restrict
This rule provides solely losses from accomplished shedding episodes. Worthwhile exits don’t scale back the collected worth.
Instance:
• first consequence: −300;
• second consequence: +100;
• gross shedding exits: 300.
These loss guidelines will be enabled independently or used collectively.
When a day by day loss arduous cease is reached, UTrade Threat Guard blocks new entries and sends closing requests for all managed open positions. The lock stays lively till the subsequent day by day reset.
## 8. Place Threat Guidelines
Place-risk guidelines consider the dimensions and protecting construction of newly created publicity.
Accessible controls embody:
• most quantity of 1 supply order;
• most ensuing place quantity;
• necessary Cease Loss;
• allowed time for setting a Cease Loss;
• most cash danger per place;
• most mixed open danger;
• non-compulsory inclusion of pending orders in mixed danger;
• non-compulsory deletion of pending orders throughout a tough lock.
Threat is calculated utilizing the dealer’s image specs and is expressed within the deposit forex of the account.
### Lacking Cease Loss
If a managed place has no usable Cease Loss, its financial danger can’t be calculated. The dashboard reviews this danger as undefined.
The Cease Loss grace interval permits the dealer or one other Professional Advisor a specific variety of seconds so as to add the Cease Loss earlier than the guard applies the configured response.
### Response modes
Place-risk violations can use one in all three responses:
• “Alert Solely” — present the violation with out closing the place;
• “Shut Offender” — ship a closing request for the violating place;
• “Shut + Lock” — ship a closing request and block additional entries.
A further setting can shut all managed positions when a tough entry-risk lock is activated. Whether it is disabled, solely the violating place is closed.
Each day loss arduous stops are completely different: they at all times ship closing requests for all managed open positions.
## 9. Pending orders
Pending orders can optionally be included in mixed open-risk calculations.
The utility may also delete managed pending orders when a tough lock is lively. This prevents a pending order from opening a brand new place after buying and selling has already been stopped.
If pending-order monitoring is disabled, pending orders will not be included within the calculated mixed danger.
## 10. Buying and selling day and reset time
The buying and selling day doesn’t need to observe midnight on the pc.
Accessible time references embody:
• dealer server time;
• UTC;
• a customized UTC offset.
For a customized offset, daylight-saving guidelines will be disabled or calculated in response to European or United States guidelines.
The chosen reset time defines when day by day counters, day by day pauses and day by day locks start a brand new buying and selling day.
Altering the time configuration doesn’t transfer the present trading-day boundary retroactively. The brand new schedule is saved as pending and turns into lively after the present boundary is accomplished. This prevents a time change from unexpectedly resetting an lively lock or day by day restrict.
## 11. Dashboard and Management Heart
The dashboard reveals crucial account state in actual time:
• present day by day loss and lively restrict;
• accepted entries and blocked makes an attempt;
• full closures by the dealer and by the guard;
• Cease Loss streak;
• time remaining till reset;
• account and trading-day info;
• lively lock and its motive;
• shut queue standing;
• calculated open danger;
• lively image cooldowns.
Settings are divided into 4 sections:
• Core Guidelines;
• Loss Limits;
• Place Threat;
• Time & Reset.
The “Present enabled solely” perform hides disabled fields from the dashboard. It modifications solely the show and doesn’t allow, disable or modify any buying and selling rule.
The dashboard is on the market in English, Ukrainian and Russian.
## 12. Making use of and saving settings
After altering values, click on “Apply & Save”.
Unsaved values don’t grow to be lively merely as a result of they’re seen in an edit discipline.
Some safety-sensitive modifications will be queued for the subsequent reset. The dashboard signifies when a pending change exists and continues to indicate the at present lively rule.
## 13. Account synchronization and persistence
UTrade Threat Guard separates its state by account login, dealer server and deposit forex.
When the account modifications, the utility briefly pauses enforcement whereas MetaTrader synchronizes:
• account identification;
• stability and present account worth;
• buying and selling historical past;
• open positions;
• lively orders.
Safety is armed solely after steady account info has been obtained.
Each day state is restored after a restart. The utility can rebuild counters from account historical past and retain a pending shut queue till the results of a closing request is confirmed.
Earlier than saving state or sending a buying and selling command, the utility verifies that it’s nonetheless certain to the anticipated account.
## 14. Closing requests and dealer execution
A profitable perform name doesn’t at all times imply {that a} place has already been closed.
UTrade Threat Guard checks the dealer’s return code after which verifies whether or not the place nonetheless exists. Short-term failures will be positioned into the shut queue and retried.
Closing execution stays managed by the dealer and market circumstances. Slippage, gaps, market closure, rejected requests, connection loss and inadequate liquidity can delay or forestall execution.
## 15. Alerts and push notifications
The utility can show terminal alerts for vital occasions, together with locks and rule violations.
Push notifications require a legitimate MetaQuotes ID to be configured in MetaTrader 5 terminal settings. With out that terminal configuration, cellular push notifications can’t be delivered.
## 16. Necessities and limitations
For cover actions to work:
• MetaTrader 5 should stay working and related;
• Algo Buying and selling have to be enabled;
• the utility should stay connected to a chart whose image is on the market on the at present related account;
• the buying and selling account should permit the requested operation.
After altering the account or dealer, confirm that the chart image is on the market and that the dashboard returns to a prepared standing. If the outdated image is unavailable or has a unique dealer suffix, open a legitimate image chart and fix UTrade Threat Guard there.
For steady safety, a correctly configured VPS can be utilized.
UTrade Threat Guard is a self-discipline and risk-control utility. It doesn’t assure income, forestall each doable loss, assure prop-firm compliance or override dealer and market limitations.
Take a look at each configuration on a demo account earlier than utilizing it with dwell funds.
## 17. Closing setup guidelines
Earlier than dwell use, verify that:
1. The right account is displayed.
2. Account synchronization is full.
3. The chart image is on the market on the related account.
4. The right monitoring scope is chosen.
5. Netting accounts use “Monitor Magic = 0”.
6. All required guidelines have been utilized and saved.
7. The day by day reset time is appropriate.
8. The loss calculation mode matches the meant finances.
9. Necessary Cease Loss and risk-response settings behave as anticipated.
10. Algo Buying and selling is enabled.
11. The configuration has been examined on a demo account.
UTrade Threat Guard doesn’t substitute the dealer’s technique. Its objective is to maintain predefined self-discipline and danger guidelines lively whereas the dealer focuses on execution and decision-making.