PROP RISK MONITOR v2 is an advanced indicator for cTrader tailored for traders using proprietary (prop) firm accounts. It offers real-time monitoring of key risk parameters essential for passing prop trading challenges. The dashboard tracks daily loss limits, maximum drawdown, and progress toward daily profit targets, with configurable calculation modes including static and trailing limits.
Key features include an easy-to-read interface styled after tape reading scalpers, audible two-level alerts (warning and critical), and automatic daily resets to maintain accurate daily limit tracking. For traders, it provides immediate visibility into compliance with prop firm rules, enhancing risk management and decision-making. For risk managers, it enables oversight of multiple traders, early violation alerts, and clear performance metrics such as win rate, trades per day, total growth, account balance, equity, and daily profit and loss.
The indicator supports comprehensive risk control by continuously displaying metrics like current balance, net equity, daily P&L in both currency and percentage, total growth since inception, number of trades executed today, and win rate. This tool is designed to help maintain discipline and control in prop trading environments by providing timely, actionable risk information.