Prop Rules Monitor
- Yardımcı programlar
- Sürüm: 1.0
Prop Rules Monitor is a free indicator for MetaTrader 5 that shows how close a prop-firm account is to its daily loss limit and its max loss, live, on equity, the way firms measure them. It warns you before a limit and when a limit is broken.
It only watches: it never opens, closes or changes a trade, so it works without Algo Trading.
What you see
- Daily loss limit: day start, floor, room left, % used with a bar, and the time to the reset.
- Max loss: floor and room left, static or trailing.
- Account size, equity, progress to the profit target, today's result and trading days.
- Status: OK, WARNING or BREACHED.
How it measures
- Day start at your firm's reset: a time of day in a time zone (Prague, New York, UTC, UTC+3, London or server time), with daylight saving handled.
- Daily limit as a % of the account size or of the day start, measured from the balance, the equity or the higher of the two at the reset.
- Max loss: static, trailing from the highest equity, from the highest closed balance or from the highest end-of-day balance, optionally stopping at the account size; also a two-stage type.
- If the terminal was off at the reset, the day start is rebuilt from the account history (the panel says "rebuilt").
- Peaks and the day start are kept across restarts.
Alerts
At a warning level (default 80% of a limit used) and at a breach: pop-up and push notification, once per day for the daily limit.
Inputs
- Daily loss limit % - 5; limit is - % of the account size; measured from - balance at the reset
- Day resets in time zone / at hour - Central Europe (Prague) / 0
- Max loss % - 10; max loss type - static; trailing floor stops at the account size - off
- Account size - 0 (first deposit); profit target - 10%; minimum trading days - 4
- Warn at % used - 80; pop-up - on; push - off
- Panel position, margins, font size, light colours; broker server clock (auto)
Questions
- Does it close trades? No. Prop Rules Guard MT5 (paid) adds the lock that closes and blocks trading at a limit, firm presets, a consistency tracker, news windows and floating-loss caps.
- Which firms? Any. Type your firm's rules once in the inputs.
- Does it need Algo Trading? No.
Questions: use the comments on this page or send me a message on MQL5.
Trading involves risk. The Monitor shows measurements of your account against limits you enter; check them against your firm's own dashboard.
