Monitoring FTMO Loss Limits and Trading-Day Requirements in a Strategy Script

Summary

This script is a framework for tracking account evaluation constraints alongside strategy orders. It defines account-size-based daily loss limits, total loss limits, and profit targets, and tracks daily performance and trading-day counts. Trade direction is supplied through an external entry connector, with values representing long or short signals. The example places ATR-based stop and target orders around the current close and exposes risk, ATR period, and multiplier settings.

The excerpt is incomplete, ending during the daily drawdown tracking logic, so the full monitoring and alert behavior cannot be assessed. Its account thresholds and minimum trading-day setting are hard-coded to the values shown and may not reflect current evaluation rules. Position sizing is assigned from the risk percentage directly, while the calculation that would scale it by account equity is commented out; the stated risk amount therefore should not be assumed to be enforced. The script is a monitoring scaffold, not a standalone signal strategy, and the excerpt provides no test results or proof that all rule conditions are captured.

Key ideas

• The script maps several account sizes to daily loss limits, total loss limits, and profit targets.
• An external connector supplies long and short entry signals.
• ATR determines example stop distances, while the target is set at twice that distance.
• Trading-day and daily performance variables are tracked in the shown portion of the script.
• The excerpt is truncated, and its direct risk-percentage sizing does not visibly scale with account equity.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.