Prop Firm Guard - Daily and Max Loss Room for Funded Accounts
Prop Firm Guard is a read-only risk panel for traders on evaluation or funded accounts. It does one job: it shows how much room is left before the daily loss limit and the maximum loss limit are hit, and how many full stop-outs at your current risk fit inside that room.
Why it exists
Most prop firm rules are written as percentages of different balances: the starting balance, the balance at the start of the day, or the highest balance reached (trailing). Traders often know the percentage but not the price at which an open trade would break the rule. This script turns the rules into numbers and price levels on the chart.
What it shows
- Today's loss against the daily limit, and the room left to the daily and max loss limits.
- Max loss as static or trailing; the trailing floor can stop at the starting balance.
- Risk per trade (percent of the starting balance or a fixed amount) and the position size for the chart symbol, from a stop distance in ATR multiples or a fixed price distance.
- Full stops remaining before a breach, with an OK / CAUTION / STOP status.
- Optional: for an open trade (side, entry, size), dashed lines and labels at the prices where the daily or max loss limit would be breached.
How to use it
1. Enter the starting balance, the balance at the start of today and your current equity.
2. Set the daily loss % and what it is calculated on (starting balance, start-of-day balance, or the lower of the two), and the max loss % with its type.
3. For trailing rules, enter the highest balance reached.
4. Set your risk per trade and stop method. For forex and gold, check units per lot.
5. Optionally enter your open position to draw the breach levels.
Limitations
- TradingView cannot read your broker account: the numbers are only as current as what you type. Update equity and the start-of-day balance every session.
- Firms calculate limits in different ways (equity vs balance, server time for the daily reset). Always check your firm's exact method and dashboard.
- Commissions, swaps and slippage are not included in the position size.
- The script never places, modifies or closes orders and gives no trading signals. It is not financial advice.
Open-source, Pine Script v6.
Why it exists
Most prop firm rules are written as percentages of different balances: the starting balance, the balance at the start of the day, or the highest balance reached (trailing). Traders often know the percentage but not the price at which an open trade would break the rule. This script turns the rules into numbers and price levels on the chart.
What it shows
- Today's loss against the daily limit, and the room left to the daily and max loss limits.
- Max loss as static or trailing; the trailing floor can stop at the starting balance.
- Risk per trade (percent of the starting balance or a fixed amount) and the position size for the chart symbol, from a stop distance in ATR multiples or a fixed price distance.
- Full stops remaining before a breach, with an OK / CAUTION / STOP status.
- Optional: for an open trade (side, entry, size), dashed lines and labels at the prices where the daily or max loss limit would be breached.
How to use it
1. Enter the starting balance, the balance at the start of today and your current equity.
2. Set the daily loss % and what it is calculated on (starting balance, start-of-day balance, or the lower of the two), and the max loss % with its type.
3. For trailing rules, enter the highest balance reached.
4. Set your risk per trade and stop method. For forex and gold, check units per lot.
5. Optionally enter your open position to draw the breach levels.
Limitations
- TradingView cannot read your broker account: the numbers are only as current as what you type. Update equity and the start-of-day balance every session.
- Firms calculate limits in different ways (equity vs balance, server time for the daily reset). Always check your firm's exact method and dashboard.
- Commissions, swaps and slippage are not included in the position size.
- The script never places, modifies or closes orders and gives no trading signals. It is not financial advice.
Open-source, Pine Script v6.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.