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Prop Risk Meter

FREE

Published: 8 July 2026

Current version: 1.0

Prop Risk Meter

Indicators
Brahim Ben Abla
Brahim Ben Abla
Germany

735
Developer of risk-management and account-protection tools for
MetaTrader 5. My focus: helping traders enforce their own discipline -
daily loss limits, drawdown brakes and weekend protection - with honest,
no-hype software that never promises profits.
Version: 1.0

Prop Risk Meter — The Free Drawdown Dashboard for Prop Firm Traders

Prop Risk Meter is a free, read-only drawdown dashboard and risk panel for prop firm and funded-account traders. It monitors your daily loss, daily drawdown and equity drawdown in real time — built for FTMO, FundedNext, Funding Pips, The5ers, E8 and any funded account.

It shows, live on your chart:
- Today's loss vs. your configurable daily-loss limit (amount, % used, traffic-light bar)
- Current drawdown from the equity peak vs. your max-drawdown limit
- Remaining daily buffer in account currency
- Total open lots and position count
- A clear status verdict: OK / NEAR LIMIT (default 80%) / OVER LIMIT

READ-ONLY BY DESIGN. This tool is built as an indicator. Indicators in MQL5 cannot send, modify or close orders - that is a technical property, not a promise. Prop Risk Meter displays your numbers; it never touches your trades, never asks for passwords, uses no DLLs and makes no web requests.

WHY A FREE PANEL? The most common way funded accounts die is simple: the trader cannot SEE the distance to the daily-loss line while trading. Floating losses count against the limit, and a drawdown floor is invisible in the terminal. This panel makes the numbers visible. That's it.

HONEST LIMITATIONS. It monitors from the moment you attach it (day baseline = day-start snapshot; equity peak persisted per account). It does not enforce anything - if you cross your limit, it shows red, nothing else happens. It cannot make any strategy profitable and does not promise you will pass any challenge.

WANT AUTOMATIC PROTECTION? For auto-close at your limits, prop-firm rule presets (FTMO 2-Step/1-Step, FundedNext, E8, The5ers), trading blocks and multi-EA coordination, see the Guardian family by this author: Account Guardian, Challenge Guardian, Guardian Copier, Guardian Coordinator, Guardian Trade Manager.
• Guardian Signal — non-repainting signal indicator
• Guardian DAX Cockpit — signal & risk cockpit for GER40/DAX
• Guardian News Guard — news window protection, closes trades opened inside
• Consistency Guardian — keeps your best day under the firm's consistency cap
Guardian Prop Cockpit — prop firm cockpit with firm presets, phase tracker and payout checklist

Background reading: Why Funded Accounts Rarely Die From One Bad Trade

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Guardian News Guard – Survive the news. Keep your account. One economic release can undo weeks of disciplined trading. A spike, a slippage, a stop that never filled where you thought it would. Guardian News Guard watches the economic calendar for you and shuts the door before the door slams on you. WHAT IT DOES - Reads the MetaTrader 5 economic calendar directly — no external servers, no web requests, no subscriptions - Builds a protection window around every relevant event: X minutes before, X

79 USD

Consistency Guardian – One great day should not cost you the payout. Several prop firms enforce a consistency rule: if your best day (or best trade) makes up too large a share of your total profit, the payout is delayed or denied — even though you broke no loss limit. Most traders discover this rule at the worst possible moment: after the profit is already booked. Consistency Guardian watches the rule in real time and tells you, before you take the next trade, how much profit today is still allo

49 USD

Guardian Prop Cockpit – the prop firm guardian that knows your firm's rules before you do. Passing a prop firm challenge is not only about finding good trades. It is about staying inside a set of rules that every firm measures differently: daily loss from balance or from equity, static or trailing drawdown, minimum trading days, consistency limits, news windows. One misunderstanding of one rule can cost the whole account. Guardian Prop Cockpit is a monitoring cockpit for MetaTrader 5. It does no

99 USD

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Prop Risk Meter

Brahim Ben Abla