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Cerberus Equity Watcher is a MetaTrader 5 utility that monitors account equity against user-defined boundaries. It is designed as a final account-level safeguard for discretionary or automated trading. Unlike a complete exposure-management system, Cerberus has a focused role: react when equity reaches a configured minimum or optional maximum.

What happens at a threshold

According to the current product description, Cerberus can:
  • close open positions;
  • remove pending orders;
  • disable active Expert Advisors;
  • continue preventing trading until the control is reset;
  • display status information and issue notifications.
This response is intended to limit further escalation after the threshold event. The realized exit may differ from the configured level because markets can gap, orders can be rejected, and execution takes time.

Appropriate uses

  • A final loss boundary for a discretionary account.
  • Supervision of automated strategies running unattended.
  • Protection against an EA malfunction or unexpected behavior.
  • Enforcement of a personal daily stop inside a prop firm’s hard limit.
  • An equity target that closes and disables activity when reached.

Configuration questions

Before relying on an equity control, confirm:
  1. whether the boundary is based on the correct account currency and equity value;
  2. how commissions, swaps, deposits, withdrawals, and open P&L affect the calculation;
  3. whether every symbol and strategy on the account is within scope;
  4. what happens after a platform restart or connection failure;
  5. how the utility reports rejected closes or remaining orders;
  6. who can reset the control and under what conditions.

Cerberus and EmoGuardian

The choice depends on the control policy. Some traders want a simple last-resort boundary; others need a wider set of preventive limits before that boundary is reached.

View Cerberus on MQL5

Review the current version, price, compatibility, and product details.

Read the setup article

See the original workflow for mechanically enforcing a daily loss.

VPS risk-control setup

Understand how continuous monitoring can be separated from local trading.

Compare with EmoGuardian

Explore broader account-level risk controls.
An equity watcher is not a guarantee against losses beyond the threshold. Gaps, slippage, platform outages, configuration errors, and broker execution can affect the result.