OPEN-SOURCE SCRIPT
XRS Prop Drawdown Recovery Dashboard
XRS Prop Drawdown Recovery Dashboard
The XRS Drawdown Recovery Dashboard is a risk management and trade planning tool designed to help traders create a structured recovery plan after experiencing drawdown in a funded account, prop firm account, or personal trading account.
Instead of increasing position size and attempting to recover losses through aggressive trading, this dashboard focuses on preserving remaining drawdown while using asymmetric risk-to-reward ratios, limited trade counts, and disciplined risk management to improve the probability of long-term account survival.
## How It Works
Select:
* Account Size
* Total Drawdown Allowance
* Remaining Drawdown
* Recovery Speed (Conservative, Balanced, or Aggressive)
The dashboard automatically calculates a dynamic recovery plan based on the amount of drawdown remaining.
The recovery engine adjusts:
* Suggested position size
* Risk per trade
* Maximum trades per day
* Stop loss distance
* Take profit distance
* Risk-to-reward ratio
* Daily loss limit
* Recovery targets
* Trading rules based on account condition
As drawdown becomes more severe, the dashboard automatically shifts into more defensive recovery modes and recommends tighter risk controls, fewer trades, and larger reward-to-risk requirements.
## Recovery Philosophy
Most traders fail recovery attempts because they increase risk as drawdown increases.
This dashboard follows the opposite approach:
* Risk decreases as drawdown increases.
* Trade frequency decreases as drawdown increases.
* Required reward-to-risk ratios increase as drawdown increases.
* Capital preservation becomes the primary objective.
The goal is not to recover losses as quickly as possible.
The goal is to recover losses while maximizing account survival.
## Recovery States
### Survival
Designed for accounts with very little drawdown remaining.
Focus:
* Smallest position sizes
* Highest reward-to-risk ratios
* One high-quality trade opportunity
* Strict capital preservation
### Critical
For accounts approaching dangerous drawdown levels.
Focus:
* Reduced trade frequency
* Limited daily exposure
* High-quality A+ setups only
### Defensive
For moderate drawdown situations.
Focus:
* Controlled risk
* Selective entries
* Balanced recovery pace
### Controlled
For healthier account conditions where recovery remains important.
Focus:
* Moderate risk allocation
* Multiple opportunities
* Consistent execution
### Normal
For accounts with substantial drawdown available.
Focus:
* Standard risk management
* Consistent process
* Controlled growth
## Suggested Usage
This tool works best when combined with:
* A proven trading strategy
* Consistent trade execution
* Defined stop losses
* Positive expectancy setups
* Strict adherence to daily loss limits
The dashboard is intended to provide a framework for disciplined decision-making and should not be used as a replacement for a complete trading plan.
## Key Features
✔ Dynamic recovery engine
✔ Position size recommendations
✔ Risk-per-trade calculations
✔ Daily loss limits
✔ Recovery state detection
✔ Maximum trade count suggestions
✔ Recovery speed adjustment
✔ Reward-to-risk optimization
✔ Drawdown management framework
## Educational Disclaimer
This indicator is provided for educational and informational purposes only.
Nothing contained within this indicator, its calculations, suggestions, or displayed recovery plans should be considered financial advice, investment advice, trading advice, or a recommendation to buy or sell any financial instrument.
Trading futures, stocks, options, forex, cryptocurrencies, and other financial products involves substantial risk and may result in significant losses, including the loss of your entire account balance.
Past performance does not guarantee future results.
All trading decisions are made solely at your own discretion and risk. You are responsible for evaluating your own financial situation, risk tolerance, and trading objectives before placing any trade.
The creator of this indicator assumes no responsibility for any trading losses, missed opportunities, or financial damages resulting from the use of this tool.
The XRS Drawdown Recovery Dashboard is a risk management and trade planning tool designed to help traders create a structured recovery plan after experiencing drawdown in a funded account, prop firm account, or personal trading account.
Instead of increasing position size and attempting to recover losses through aggressive trading, this dashboard focuses on preserving remaining drawdown while using asymmetric risk-to-reward ratios, limited trade counts, and disciplined risk management to improve the probability of long-term account survival.
## How It Works
Select:
* Account Size
* Total Drawdown Allowance
* Remaining Drawdown
* Recovery Speed (Conservative, Balanced, or Aggressive)
The dashboard automatically calculates a dynamic recovery plan based on the amount of drawdown remaining.
The recovery engine adjusts:
* Suggested position size
* Risk per trade
* Maximum trades per day
* Stop loss distance
* Take profit distance
* Risk-to-reward ratio
* Daily loss limit
* Recovery targets
* Trading rules based on account condition
As drawdown becomes more severe, the dashboard automatically shifts into more defensive recovery modes and recommends tighter risk controls, fewer trades, and larger reward-to-risk requirements.
## Recovery Philosophy
Most traders fail recovery attempts because they increase risk as drawdown increases.
This dashboard follows the opposite approach:
* Risk decreases as drawdown increases.
* Trade frequency decreases as drawdown increases.
* Required reward-to-risk ratios increase as drawdown increases.
* Capital preservation becomes the primary objective.
The goal is not to recover losses as quickly as possible.
The goal is to recover losses while maximizing account survival.
## Recovery States
### Survival
Designed for accounts with very little drawdown remaining.
Focus:
* Smallest position sizes
* Highest reward-to-risk ratios
* One high-quality trade opportunity
* Strict capital preservation
### Critical
For accounts approaching dangerous drawdown levels.
Focus:
* Reduced trade frequency
* Limited daily exposure
* High-quality A+ setups only
### Defensive
For moderate drawdown situations.
Focus:
* Controlled risk
* Selective entries
* Balanced recovery pace
### Controlled
For healthier account conditions where recovery remains important.
Focus:
* Moderate risk allocation
* Multiple opportunities
* Consistent execution
### Normal
For accounts with substantial drawdown available.
Focus:
* Standard risk management
* Consistent process
* Controlled growth
## Suggested Usage
This tool works best when combined with:
* A proven trading strategy
* Consistent trade execution
* Defined stop losses
* Positive expectancy setups
* Strict adherence to daily loss limits
The dashboard is intended to provide a framework for disciplined decision-making and should not be used as a replacement for a complete trading plan.
## Key Features
✔ Dynamic recovery engine
✔ Position size recommendations
✔ Risk-per-trade calculations
✔ Daily loss limits
✔ Recovery state detection
✔ Maximum trade count suggestions
✔ Recovery speed adjustment
✔ Reward-to-risk optimization
✔ Drawdown management framework
## Educational Disclaimer
This indicator is provided for educational and informational purposes only.
Nothing contained within this indicator, its calculations, suggestions, or displayed recovery plans should be considered financial advice, investment advice, trading advice, or a recommendation to buy or sell any financial instrument.
Trading futures, stocks, options, forex, cryptocurrencies, and other financial products involves substantial risk and may result in significant losses, including the loss of your entire account balance.
Past performance does not guarantee future results.
All trading decisions are made solely at your own discretion and risk. You are responsible for evaluating your own financial situation, risk tolerance, and trading objectives before placing any trade.
The creator of this indicator assumes no responsibility for any trading losses, missed opportunities, or financial damages resulting from the use of this tool.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.