Nirvana prop controler MT4
- Indicators
- Aiireza Arjmandi Nezhad
- Version: 2.34
- Updated: 16 August 2025
- Activations: 5
Risk Management and Limit Monitoring Indicator for Professional Traders and Evaluation Accounts (Prop)
This tool only displays precise risk management and limit information on the chart to help you make more focused decisions. The indicator does not open/close/modify trades and does not interfere with Expert Advisors (EAs).
Features
- Monitoring daily and total drawdown
- Calculates and displays daily and total drawdown based on Balance or Equity (configurable).
- Shows the remaining percentage to the defined limits.
- Clean, professional on‑chart panel
- Summary table with Balance, Equity, current P/L, daily/total DD, and alert thresholds.
- Clear, readable layout to keep your focus on decision‑making.
- Risk‑based position sizing
- Estimates position size based on percentage/fixed risk and your chosen stop loss.
- Displays risk‑reward ratio (R:R) and entry, SL, and TP levels on the chart.
- Alerts and notifications
- Alerts when approaching daily/total DD thresholds (configurable).
- Notifications when price hits SL/TP or other defined events.
- Push notifications to desktop and mobile.
- Compatibility and non‑interference
- Display‑only indicator; does not execute or manage orders.
- Can be used on multiple charts and symbols simultaneously.
- Works even where EAs are not allowed.
How to use
- Attach the indicator to your desired symbol and timeframe.
- Set daily/total limits, calculation basis (Balance/Equity), and time zone or daily reset time.
- Define per‑trade risk, SL, R:R, and alert thresholds.
- Review SL/TP levels and panel information and act according to your strategy.
- Enable notifications for important alerts if needed.
Notes and limitations
- This tool does not provide buy/sell signals; it only displays risk‑management calculations.
- It is designed to help monitor limits and reduce human error. No guarantees are provided regarding profitability, passing evaluations, or trading outcomes.
- Results depend on your strategy, money management, and market conditions. Test on demo or historical data before going live.
- The user is solely responsible for trading decisions. This product is not investment advice.
This tool is available for MetaTrader 5 at the link below:
https://www.mql5.com/en/market/product/146237?source=Site+Market+MT5+Indicator+Rating006

