Prop Trade Assistant
- Utilities
- Version: 3.0
Prop Trade Assistant — Overview of a Smart Trading Account Manager
Prop Trade Assistant is a tool designed for systematic traders and those who strictly follow proper money management rules. It is suitable both for users of prop firm accounts (e.g. FTMO, MFF, The Funded Trader, MyForexFunds, etc.) and for traders operating private accounts who want full control over risk and rule compliance.
The tool functions as a risk management utility and monitoring dashboard, tracking drawdown, current PnL, profit targets, and other key account metrics in real time. It helps eliminate errors caused by emotions and enforces a disciplined, process-driven approach to trading.
Features
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Calculates profit and loss based on lot size, stop loss (SL), take profit (TP), and break-even (BE)
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Accepts input values in pips, currency, or percentages
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Supports partial position closing (30 / 50 / 70%) with automatic SL adjustment to BE+
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Provides management of pending orders with pre-calculated P/L
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Monitors CCI and RSI indicators across multiple timeframes, highlighting extreme values
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Allows setting daily profit and loss limits, with automatic position closure when limits are reached
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Can block trade entries when the spread exceeds a specified threshold
Note on authorship, usage, and related products
Prop Trade Assistant is designed for manual and semi-automated trade management, systematic adherence to a trading plan, and strict risk control. It does not replace a trading strategy but serves as a protective layer against violations of money management rules, particularly in discretionary trading.
Forex Atlas is a separate, fully automated trading system developed by the same author. It is based on the same portfolio and risk management principles as Prop Trade Assistant but is intended for traders who prefer a fully automated solution without manual intervention. Both tools share the same philosophy: long-term consistency, risk control, and capital protection.
