Prop Trade Assistant
- Utilità
- Michal Hrubes
- Versione: 3.0
Prop Trade Assistant — Smart Prop Account Manager
Overview
Prop Trade Assistant is a utility designed for traders using prop firm accounts (e.g., FTMO, MFF, The Funded Trader, MyForexFunds, etc.).
It functions as a risk management tool and dashboard, providing real-time tracking of drawdown, current PnL, profit targets, and other account metrics.
Features
Calculates profit and loss based on lot size, stop loss (SL), take profit (TP), and break-even (BE)
Accepts input values in pips, currency, or percentages
Supports partial position closing (30/50/70%) with automatic SL adjustment to BE+
Provides management of pending orders with pre-calculated P/L
Monitors CCI and RSI across multiple timeframes, highlighting extremes
Allows setting daily profit and loss limits, with automatic position closure when limits are reached
Can block trade entries when the spread exceeds a specified threshold
Recommended Tools
Prop Trade Assistant is compatible with additional professional trading tools for technical analysis and position management:
Volume Bar POC / MT5: Displays Point of Control and key volume levels within candles or grouped bars.
SAR Vision MTF: Tracks trend reversals across multiple timeframes.
Nash Professional: Provides position management and strategic decision support based on probability and game theory.
All tools are available on the MQL5 Market under their respective names.
License
Prop Trade Assistant is provided free of charge. Users can install and use it according to the standard MQL5 Market licensing terms.
