RedFox Copier Pro includes sophisticated account protection features to automatically safeguard your capital and lock in profits. These critical risk management tools prevent catastrophic losses and enforce disciplined profit-taking.
Key Features:
🛑 Daily Loss Limit - Auto-stop trading after maximum daily loss
💰 Profit Protection - Lock in profits and stop trading at target levels (3 tiers)
📊 Real-Time Monitoring - Automatic tracking and enforcement
🚨 Instant Alerts - Telegram notifications when limits are reached
Why This Matters: Account protection is the difference between sustainable trading and account blow-ups. These features enforce discipline when emotions run high.
🛑 Daily Loss Limit
1. EnableDailyLossLimit
EnableDailyLossLimit = true | false
Controls automatic daily loss protection.
false (No Protection - NOT RECOMMENDED)
Behavior: EA continues trading regardless of daily loss.
Risk:
❌ One bad day can wipe out weeks of profit
❌ No downside protection
❌ Emotional trading continues
❌ Account blow-up risk
When to use:
Testing only
Manual management
NOT for automated trading!
true (Loss Limit Active - HIGHLY RECOMMENDED)
Behavior: EA automatically stops trading when daily loss limit is reached.
When to use:
ALWAYS (professional risk management)
Protect from catastrophic days
Emotional discipline enforced
Preserve capital for recovery
Prevent revenge trading
Benefits:
✅ Prevents blow-up days
✅ Enforces discipline automatically
✅ Preserves capital for recovery
✅ Allows consistent compounding
✅ Reduces stress and emotional decisions
Professional Standard: Every professional trader uses daily loss limits. No exceptions.
2. DailyLossLimit
Defines maximum acceptable daily loss in account currency (USD, EUR, etc.).
Configuration by Account Size:
$1,000 Account:
$5,000 Account:
$10,000 Account:
$50,000 Account:
Professional Guidelines:
Recommended Daily Loss Limits:
Conservative Traders: 1% of account balance
Moderate Traders: 2% of account balance
Aggressive Traders: 3% of account balance (maximum!)
Never Exceed: 5% daily loss limit (extremely risky!)
Formula:
How It Works - Real Example:
Account Setup:
Trade Timeline:
EA Actions When Limit Reached:
1. Close Orders (depends on DailyLossLimitAction):
2. Send Telegram Alert:
3. Log Event:
4. Update Dashboard:
Next Day (00:00 Broker Time):
3. DailyLossLimitAction
Defines what EA does when daily loss limit is reached.
CLOSE_ALL (Recommended - Maximum Protection)
Action: Close ALL orders (winners + losers) and stop trading.
Behavior:
Example:
When to use:
Professional trading (ALWAYS)
Maximum protection
Clean account reset
Prevent further exposure
Why Recommended:
✅ Complete protection
✅ No open exposure overnight
✅ Fresh start next day
✅ Professional approach
CLOSE_LOSS (Aggressive - Higher Risk)
Action: Close ONLY losing orders, keep profitable orders, stop new trades.
Behavior:
Example:
Risks:
⚠️ Profitable position could reverse to loss
⚠️ Overnight exposure continues
⚠️ Could exceed loss limit if winner reverses
When to use:
Believe winners have strong momentum
Want to protect winning positions
Accept additional risk
NOT Recommended for beginners!
STOP_NEW (Risky - NOT RECOMMENDED)
Action: Stop opening NEW trades only, keep ALL existing orders (winners + losers).
Behavior:
Example:
Major Risks:
❌ Losing positions could get worse
❌ Daily loss could increase significantly
❌ No actual protection provided
❌ Defeats purpose of loss limit
When to use:
Manual trading/intervention
Believe in recovery
Testing only
NEVER for automated trading!
ALERT_ONLY (No Protection - NOT RECOMMENDED)
Action: Send alert but continue trading normally (no protection).
Behavior:
Risks:
❌ Loss limit completely ignored
❌ No protection whatsoever
❌ Can lose unlimited amount
❌ Pointless to set limit
When to use:
Testing/development only
Manual monitoring
NEVER for live automated trading!
💰 Profit Protection (3-Tier System)
4. EnableProfitProtection
Controls automatic profit target protection (lock in winning days).
false (No Profit Protection)
Behavior: EA continues trading regardless of daily profit.
Risk:
⚠️ Can give back profits
⚠️ No profit locking mechanism
⚠️ Winning days can turn to losses
true (Profit Protection Active - RECOMMENDED)
Behavior: EA automatically locks in profit when daily targets are reached.
Philosophy: Standard risk management, let good days develop, protect exceptional gains.
Example 3: Aggressive Growth
Account: $10,000
Configuration:
Philosophy: Accept higher daily risk, pursue larger gains, protect only at extremes.
Example 4: Scalper (Many Small Wins)
Account: $10,000
Configuration:
Philosophy: Small consistent gains, lock frequently, tight loss control.
⚠️ Common Mistakes
❌ Mistake 1: No Loss Limit
Bad:
Good:
Why: One bad day can wipe out weeks of profit. ALWAYS use loss limits!
❌ Mistake 2: Loss Limit Too High
Bad:
Good:
Why: 10% daily loss is catastrophic. Professional traders use 1-3% max.
❌ Mistake 3: Using STOP_NEW for Loss Limit
Bad:
Good:
Why: STOP_NEW doesn't actually protect you. Losses continue from open trades.
❌ Mistake 4: No Profit Protection
Bad:
Good:
Why: Winning days can turn to losses without protection. Lock gains!
❌ Mistake 5: Unrealistic Profit Targets
Bad:
Good:
Why: 100% daily gains don't happen. Set realistic achievable targets.
❌ Mistake 6: Same Action for All Levels
Bad:
Good:
Why: Use tiers properly - alert early, lock at level 2, stop at level 3.
❌ Mistake 7: Manually Restarting EA After Protection
Bad:
Good:
Why: Revenge trading after loss limit is the #1 way to blow accounts. Trust the system!
✅ Best Practices
✅ 1. ALWAYS Enable Daily Loss Limit
Minimum Configuration:
Why: Non-negotiable. Professional traders NEVER trade without loss limits.
✅ 2. Set Conservative Loss Limits
Recommended:
Never Exceed: 5% daily loss limit!
✅ 3. Use 3-Tier Profit Protection
Progressive Strategy:
✅ 4. Never Manually Override Protection
When limit is hit:
❌ Don't restart EA
❌ Don't disable protection
❌ Don't try to "make it back"
✅ Review what went wrong
✅ Learn from the day
✅ Wait for automatic reset
✅ 5. Review Protection Events
After any protection trigger:
What caused the limit to hit?
Was it bad luck or bad strategy?
Need to adjust settings?
What can be improved?
✅ 6. Adjust Limits as Account Grows
Example:
Keep percentage constant, update dollar amounts.
🚀 Quick Start Guide
Step 1: Enable Basic Protection
Step 2: Enable Profit Protection
Step 3: Set Actions
Step 4: Test in Demo First
Run for 2 weeks
Verify limits trigger correctly
Check Telegram alerts work
Observe behavior
Step 5: Move to Live
Start with conservative limits
Gradually adjust based on results
Never disable protection!
📞 FAQ
Q: When does daily loss/profit counter reset? A: At 00:00 broker server time (midnight).
Q: Can I manually reset counters during the day? A: Yes by restarting EA, but NOT RECOMMENDED. Let it reset naturally.
Q: What if I hit loss limit in first hour? A: EA stops for the day. Review trades, learn, try again tomorrow.
Q: Can I trade manually after EA protection stops me? A: Technically yes, but defeats the purpose. Don't do it!
Q: Loss limit includes swap/commission? A: Yes, calculated on net P/L including all costs.
Q: What if profit protection triggers but I have losing trades open? A: Depends on Action setting. CLOSE_PROFIT keeps losers, CLOSE_ALL closes everything.
Q: Can I have different limits on different days? A: Not automatically. Use same limits consistently.
Q: Should limits be tighter on Fridays? A: Optional. Some traders use 50% of normal limits before weekends.
🎯 Protection Philosophy
Why Protection Matters:
Without Protection:
With Protection (2% daily loss limit):
The Difference: Protection turns winning month into $1,350 profit instead of -$950 loss!
Professional Mindset:
Remember:
You can't win every day
One bad day is okay
Protecting capital > making profits
Consistency beats home runs
Live to trade another day
The #1 Rule: "Don't lose more than you can afford to lose in a single day."
Remember: Account protection is what separates professional traders from gamblers. Use these tools religiously! 🛡️💰
When limit reached:
1. Close all profitable positions
2. Close all losing positions
3. Cancel all pending orders
4. Stop processing new signals
5. Send alert
Open Positions When Limit Reached:
- EURUSD BUY: +$50 (profit)
- GBPUSD SELL: -$150 (loss)
- XAUUSD BUY: -$120 (loss)
Total Daily Loss: -$220
Action:
→ Close EURUSD (+$50)
→ Close GBPUSD (-$150)
→ Close XAUUSD (-$120)
→ Final Daily Loss: -$220
→ Stop all trading
When limit reached:
1. Close all losing positions
2. Keep all profitable positions
3. Cancel pending orders
4. Stop processing new signals
Open Positions:
- EURUSD BUY: +$50 (profit)
- GBPUSD SELL: -$150 (loss)
- XAUUSD BUY: -$120 (loss)
Total Daily Loss: -$220
Action:
→ Close GBPUSD (-$150)
→ Close XAUUSD (-$120)
→ Keep EURUSD (+$50) ⚠️ OPEN
→ Stop new trades
When limit reached:
1. Keep all open positions (no closes)
2. Stop processing new signals only
Open Positions:
- EURUSD BUY: +$50
- GBPUSD SELL: -$150
- XAUUSD BUY: -$120
Total Daily Loss: -$220
Action:
→ Keep all 3 positions OPEN ⚠️
→ Stop new signals only
→ Hope for recovery (risky!)
When limit reached:
1. Send Telegram message
2. Continue trading normally ❌
3. No orders closed
4. No new signals blocked
EnableProfitProtection = true | false
ProfitProtectionLevel1 = 200 // First profit target
ProfitProtectionLevel2 = 500 // Second profit target
ProfitProtectionLevel3 = 1000 // Third profit target