Prop Firm Risk Manager PROFrequently asked questions
What is Prop Firm Risk Manager PRO EA?
An MT5 Expert Advisor used as a risk-management utility. It monitors drawdown, checks risk on orders placed through its panel, applies news and session restrictions and shows analytics on your chart. It does not generate trading signals.
Does it guarantee I will pass a prop firm challenge?
No. No tool can guarantee profits, challenge success or loss prevention. Protection depends on your configuration, terminal availability, connectivity and broker execution.
Does it work with MetaTrader 4?
No. It is built for MetaTrader 5 only.
Does it check manual trades and other EAs?
Orders submitted through the tool are validated before execution. Manual and external-EA trades may be detected and handled after they appear, according to your management scope and action settings.
Which prop firms are supported?
Starting presets are included for FTMO, FundingPips, The5ers, FundedNext and E8, plus a custom profile. Always verify settings against your account's current rules.
Does it need to keep running?
Yes. It runs inside the MT5 terminal, so the terminal must stay open and connected. Using a VPS is a common choice.
How do I buy and install it?
Purchase on the official MQL5 Market, then install through MetaTrader 5 (Market tab or your MQL5 account) and attach it to a chart.
Can I test it safely first?
Yes. Simulation mode logs intended actions without sending orders, closes or deletes. It does not demonstrate real broker execution, so also test on a demo account.
Is there a refund?
Purchases are processed by MQL5, so refunds follow MQL5 Market policy.