Solution Comparison
MyPropGuard vs The Alternatives
How automated cloud risk enforcement compares with local MetaTrader Expert Advisors (EAs), manual spreadsheets, and prop-firm broker portals.
Choose an EA or Spreadsheet if:
- You are comfortable keeping your computer on 24/7 or renting and patching a Windows VPS.
- You trust yourself not to delete the EA from the chart when an oversized trade goes against you.
- You only trade one single account and don't mind manual end-of-day bookkeeping.
Choose MyPropGuard if:
- You want un-bypassable cooling-off locks that protect you from emotional revenge trading.
- You want zero VPS hassles—continuous 24/7 cloud execution even when your device is off.
- You need clean dedicated IPs to avoid shared VPS pool bans across multiple prop firms.
Feature-by-Feature Comparison
Detailed breakdown of capabilities across risk enforcement mechanisms.
| Capability | MyPropGuard | Local MT5 EA | Spreadsheets | Broker Portal |
|---|---|---|---|---|
| Execution location | Cloud 24/7 (server-side) | Local PC or third-party VPS | Offline (manual trader action) | Web portal (reporting only) |
| Works when laptop/phone is off | Yes (full 24/7 cloud runtime) | No (dies when laptop sleeps) | No | Yes (read-only) |
| Automated breach liquidation | Sub-second market close | Yes (if terminal is online) | No (manual close required) | No (firm terminates account) |
| Anti-tilt cool-off lock | Strict lock (cannot bypass) | Easily deleted from chart on tilt | No (discipline dependent) | No |
| Dedicated clean IP address | Included dedicated IP | Shared VPS pools (ban risk) | N/A | N/A |
| Trailing drawdown tracking | Live high-water mark equity | Requires custom MQL5 code | Manual end-of-day math | Delayed / Post-breach |
| Multi-account fleet management | One dashboard for all firms | Run separate MT5 terminal apps | Cluttered spreadsheet rows | Separate portal logins |
| Instant Telegram breach alerts | Sub-second push notifications | Complex MT5 push configuration | None | Delayed email notices |
| Setup & maintenance time | Under 2 minutes, no install | 30+ minutes installing files & VPS | Hours building formulas | Instant |
| Risk of moving funds | Zero (trading API only) | Zero (terminal only) | Zero | Cashier features present |
Ready to protect your funded accounts?
Connect your MT5 account in under two minutes. No VPS, no complex installation.