Description
PropDeskMonitorPanel is an advanced indicator for cTrader designed specifically for traders operating on prop firm (funded firm) accounts. It provides real-time monitoring of all critical parameters required to pass prop trading challenges.
๐ฏ Key Benefits
For the Trader
Total security: Monitor daily loss limits and maximum drawdown in real-time
Informed decisions: Instantly see if you are within the prop firm's limits
Smart alerts: Audible alarm system with 2 levels (warning and critical)
Automatic daily reset: Never lose track of daily limits again
Professional interface: Easy-to-read "Tape Reading Scalper" style design
For the Risk Manager
Total control: Track the performance of all traders
Violation prevention: Early alerts before rules are breached
Clear metrics: Win rate, trades per day, total growth
๐ง Detailed Features
1. Limit Monitoring
Metric Description Example
Daily Loss Percentage loss for the current day 1.5% / 3.0%
Max Drawdown Percentage drawdown from peak 5.2% / 9.0%
Calculation Mode Static (fixed) or Trailing (moving) Configurable
Daily Target Progress toward the daily goal 3.2% / 5.0%
2. Performance Metrics
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๐ COMPLETE DASHBOARD
โโโ BALANCE: Current account balance
โโโ EQUITY: Net equity
โโโ DAILY P&L: Day's result ($$ + %)
โโโ TOTAL GROWTH: Total growth since inception
โโโ TRADES: Number of trades today
โโโ WIN RATE: Day's win rate
Summary
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.
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