Prop Guard Monitor
- Utilities
- Version: 1.0
Most traders who fail a prop firm challenge do not fail because they did not know the rules. They fail because, at the moment it mattered, nobody was doing the arithmetic.
Prop Guard Monitor does the arithmetic. It sits on one chart, watches the whole account, and answers one question continuously: how much room is left before a rule breaks.
It never closes a position. It never deletes an order. It never locks anything. This build cannot touch a trade even if you want it to - the trading library is not compiled in.
WHAT IT WATCHES
Daily loss. The percentage can be taken from your starting balance or from the balance at the start of the day, and the loss can be measured from either the day's opening balance or its opening equity. Firms word this differently and the difference is real money, so both are settings rather than assumptions.
Maximum drawdown. Static from the starting balance, or trailing from the highest balance or the highest equity your account has reached.
Open risk. What every stop loss on the account adds up to, measured against the room your loss rules still leave. The same stop distance is prudent on a fresh account and reckless on one that has already spent most of its allowance. Positions carrying no stop cannot be measured, so they are counted and reported rather than quietly treated as safe.
Margin used, as a share of equity.
Exposure ceilings: total lots, open positions, trades per day.
Trading window, weekend and rollover: the panel tells you when you should be flat.
News blackout, read from the terminal's own economic calendar. No DLL, no network request, nothing to keep updated. When calendar data is unavailable the panel says so rather than implying safety.
Profit target, minimum trading days and consistency, shown as progress.
THE PART MOST MONITORS GET WRONG
Your drawdown peak is written to disk. Close the terminal, restart the PC, change the chart timeframe, reconnect a week later: your peak is still your peak.
This matters more than it sounds. A trailing drawdown peak held in memory is reset every time the Expert Advisor is reloaded - and it is reloaded when you change the timeframe, when you open the properties dialog and click OK, when the terminal restarts. Each of those quietly resets the measured drawdown to zero, in your favour, at exactly the moment you are losing. A trailing drawdown rule that forgets the peak is not a lenient rule. It is a different rule.
If the state file is ever lost or belongs to another account, the panel says so instead of showing a confident zero.
THE PANEL
Each rule gets a bar and a number: how much room is left, and what percentage of the allowance is gone. There is also a maximum lot size for the current symbol, worked back from the room remaining and the stop distance you specify, so you can size a trade without the arithmetic.
Two thresholds, both expressed as a share of the allowance already used. At the first the panel turns amber and alerts you. At the second it turns red. You decide what to do about it.
Alerts can go to the terminal, to your phone, or to email.
TRY IT IN THE TESTER
Run it in the Strategy Tester and it walks a clearly labelled simulated account through the whole sequence - armed, warning as the room runs out, then the breach - because the tester has no account to guard and the panel would otherwise show nothing but zeros. The rule logic is the real one. Only the account is invented, and the panel says so on every frame.
SETUP
Attach to any one chart, enter your starting balance, your daily and drawdown percentages, and your day reset hour. One chart watches the entire account - do not attach it to several.
The day boundary is a setting, not an assumption. Firms roll over at server midnight, at 00:00 or at 17:00 in other time zones, and a monitor that assumes the wrong one is worse than none.
WHAT IT IS NOT
It is not a trading system and it makes no claim about results. It reports; it does not act. If you want the version that closes positions, deletes pending orders and locks the account when a limit is reached, look for Prop Guard Risk Enforcer in the same profile.
Your rules are your responsibility to enter correctly. Read them, set them, then check the panel against your account dashboard before you rely on it.
