# Lossguard

**Source:** https://www.startuphub.ai/startups/lossguard
**Profile type:** Startup

> LossGuard enforces a daily loss limit on your MT5 account, closing positions and locking your day when hit.

## About

LossGuard is a service designed for MetaTrader 5 (MT5) traders. It automatically enforces a daily loss limit on a user's trading account. Once the predefined loss limit is reached, LossGuard closes all open positions and prevents further trading for the remainder of the day. The service requires no installation.

## Key facts

- **Slug:** lossguard
- **Website:** https://lossguard.io
- **Operating status:** Active
- **Sectors / tags:** Fintech, Trading Tools, Risk Management, Algorithmic Trading, Forex Trading, MT5

## Frequently asked

### What does Lossguard do?

LossGuard is a service designed for MetaTrader 5 (MT5) traders. It automatically enforces a daily loss limit on a user's trading account. Once the predefined loss limit is reached, LossGuard closes all open positions and prevents further trading for the remainder of the day. The service requires no installation.

### What industry does Lossguard operate in?

Lossguard operates in Fintech, Trading Tools, Risk Management, Algorithmic Trading, Forex Trading, MT5.

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