Prop Firm Risk Guardian
- Utilities
- Version: 1.0
Title
Prop Firm Risk Guardian
Short description (one line)
Real-time daily-loss and max-drawdown protection that automatically closes your trades and locks trading before you breach your prop firm limits.
Full description
Passing a prop firm challenge is hard enough — losing a funded account to a single careless trade is worse. Prop Firm Risk Guardian watches your account in real time and steps in before your daily-loss or maximum-drawdown limit is breached.
It sits on your chart as a clean, modern panel: you always see how much room you have left today and how close you are to your overall drawdown limit. When you approach the line, it warns you. When you reach your safety threshold, it closes everything and locks trading until the next day — so the rule is respected even in a fast market or a moment of distraction.
Key features
- Live tracking of daily loss and maximum drawdown against limits you define
- Daily loss measured from day-start equity OR day-high equity (covers both prop firm definitions)
- Traffic-light status (green / amber / red) — see your risk at a glance
- Two progress bars showing exactly how much buffer is left, in your account currency
- Automatic protection: closes all positions and pending orders at your chosen threshold, then locks new trades until the next trading day
- A configurable warning level and a safety buffer (e.g. trigger at 90 %, before the real 100 % limit)
- Optional alerts and push notifications
- One-click reset button to unlock and re-baseline for a new challenge
- Settings survive terminal restarts (per account)
How it works You enter your firm's rules: daily-loss limit (in % or money), maximum drawdown, and how the day is measured. The Guardian captures your day-start equity automatically at each new trading day, tracks your live equity, and calculates your remaining buffer continuously. If the configured threshold is reached, it acts immediately.
Works with the rule sets of popular prop firms Configure the exact limits your firm requires (for example 5 % daily / 10 % maximum). The tool is firm-agnostic — you set the numbers, it enforces them on any prop firm or personal account.
Important — please read This is a protection utility, not a profit system, and it makes no income promises. It closes positions account-wide, because that is how daily loss is defined for prop firms. It reacts on ticks and a fast timer; in extreme gaps or on connection loss a limit can still be overshot. Always test on a demo account first. It supports your discipline — it does not replace it.
Please note — interface language The on-chart interface is currently in German. An English interface is coming in the upcoming Pro version (switchable English/German). The product description here is available in English and German.
Free version & roadmap This free version covers the core: daily-loss + max-drawdown protection with auto-close and lock. A Pro version is planned with multiple firm profiles, a news pause, trailing-drawdown mode, lot/overtrading limits, and a switchable English/German interface.
Support Questions or a feature request? Leave a comment — I reply and keep the tool updated. If it helps protect your account, a short review is hugely appreciated and helps other funded traders find it.
