Prop Firm Risk Dashboard for Daily Loss and Maximum Drawdown

Summary

This document describes a read-only dashboard for monitoring an account against configurable proprietary trading firm risk limits. It displays balance, equity, floating profit and loss, the day's profit and loss, the share of the daily loss limit used, the share of maximum drawdown used, and margin level. The daily figure is based on equity change since the trading day's start; drawdown is measured from a configurable starting balance.

Users can set daily loss and drawdown limits, warning and danger thresholds, and display settings. The dashboard stores starting equity in a terminal global variable so the daily calculation persists across chart reloads and terminal restarts. It can be attached to one chart and monitor the account across symbols and timeframes, but it only reports risk conditions: it does not manage orders or prevent a limit breach.

Key ideas

• The panel monitors account-wide equity, profit and loss, margin, and configured risk limits.
• Daily profit and loss is calculated from equity at the start of the trading day.
• Maximum drawdown is measured from a configurable starting balance.
• Starting equity is stored to preserve the daily calculation through reloads and restarts.
• The tool is informational and does not place or manage trades.

Tags

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