Prop Daily Loss Meter - indicatore per MetaTrader 5

Many prop firms close the account when the daily loss limit is touched. This indicator shows the numbers on the chart, so you do not have to calculate them.

It shows:

• the balance at the start of the day (calculated from the account history),
• the equity level of the daily loss limit,
• the loss used so far, in money and as a percentage of the limit,
• the money left before the limit,
• optionally, the equity level of the maximum loss limit.

The colour changes from green to orange to red as the limit gets closer. A popup alert appears once per day when the warning level is reached (80% by default).

Inputs: daily loss limit in percent, maximum loss limit in percent, initial balance of the challenge, hour when your firm's day starts (server time), warning level, position of the panel.

Notes: it reads the account only and never opens, closes or modifies a trade. Prop firms calculate the day differently (balance or equity, reset time). Set the day start hour to match your firm and use the values as a reference only.

If you find it useful, a rating or a comment helps a lot. Other tools for prop firm traders are in my author profile.