Prop-Firm Equity Guard for Daily and Maximum Drawdown Limits

Summary

The document describes an account-level risk utility for prop-firm evaluations. Attached to one chart, it monitors account equity against daily loss and maximum drawdown limits. When a threshold is reached, it closes open trades, removes pending orders across symbols, and halts trading for the day after a daily breach. The daily reset follows broker server time. A later version stores the breach state and starting equity snapshot in a shared terminal folder so a restart or reattachment does not clear a halt or reset the daily reference to reduced equity; a reset input is provided for a new challenge.

This is a description of protective behavior, not evidence that the utility reliably prevents breaches. The text gives no testing results or detail on execution failures, broker-specific equity rules, or what happens if the terminal is offline. Its limits also depend on how the user configures thresholds and on the broker’s server clock and account calculations. The stated persistence change addresses restart-related state loss, but does not establish performance under every platform or connectivity condition.

Key ideas

• The utility monitors account equity against daily and maximum drawdown thresholds from one chart.
• A breached limit triggers closure of open positions and deletion of pending orders across symbols.
• The daily limit resets according to broker server time, and a daily breach halts trading for the day.
• Stored breach status and day-start equity persist across terminal restarts, with a reset option for a new evaluation.

Tags

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