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EquityGuard Risk Manager (MT5) — review, price and free alternatives
MT5 utilityfree on MQL5by Volodymyr Bobal
EquityGuard Risk Manager is a free MetaTrader 5 utility by Volodymyr Bobal on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
EquityGuard Risk Manager — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Utility
- Developer
- Volodymyr Bobal
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded EquityGuard Risk Manager on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
EquityGuard is a silent account-protection utility.
Before you use EquityGuard Risk Manager
What the developer claims
- It watches your equity in real time and closes every position, deletes pending orders, and (optionally) shuts the EA down the moment a configurable loss, drawdown, or profit threshold is hit.
- Built for prop-firm traders (FTMO, MFF, FundedNext, The5ers), multi-EA portfolios, and anyone tired of watching a green day turn red.
- Key features - Daily loss limit — % from start-of-day balance - Daily profit target — lock in the day when reached - Ma.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on EquityGuard Risk Manager
Compiled from its public MQL5 listing. FxRobotEasy has not traded EquityGuard Risk Manager; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 EquityGuard Risk Manager review examines real performance and trading analysis to help you make informed decisions. EquityGuard Risk Manager by Volodymyr Bobal represents a comprehensive automated trading solution for MT5 traders. What sets EquityGuard Risk Manager apart is its balanced approach to trade execution and capital preservation.
Risk notes
EquityGuard Risk Manager implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT5 platform compatibility
- Developed by experienced Volodymyr Bobal
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing EquityGuard Risk Manager on MT5 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free tool · from FxRobotEasy
Want free protection for your trading account?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
EASY Fortressby FxRobotEasy
Free MT5 account guard — daily loss limit and drawdown lock. It opens no trades.
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick EASY Fortress and set your limitsIt guards the account and opens no trades.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- EASY Fortress in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
EquityGuard Risk Manager or EASY Fortress?
| EquityGuard Risk Manager | EASY Fortress | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer |
| Platform | MT5 | MT5 |
| Public account reports | — | Not applicable |
| Made by | Volodymyr Bobal | FxRobotEasy |
EquityGuard Risk Manager — questions
What is EquityGuard Risk Manager?
EquityGuard Risk Manager is a MetaTrader 5 utility published on the MQL5 Market by Volodymyr Bobal, and it is listed at no charge. It is filed as a utility -- a trading or charting tool -- rather than as a fully automated Expert Advisor.
Does EquityGuard Risk Manager work on MT4 or MT5?
EquityGuard Risk Manager runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
Is EquityGuard Risk Manager free to download?
Yes -- EquityGuard Risk Manager is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-05-23. The file is downloaded from the developer's (Volodymyr Bobal) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for EquityGuard Risk Manager?
FxRobotEasy has not traded EquityGuard Risk Manager on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for EquityGuard Risk Manager elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.