Hot Take

A trading journal that tracks your prop firm drawdown live

Daily loss limit, total loss limit, trailing drawdown. Configure your firm's rules once and watch how close you are to each limit in real time. Multi-account support on Pro.

Try Pro free for 14 daysSee how rule tracking works

Most journals will tell you your win rate. Useful. Less useful when you are 0.4% from busting your daily drawdown on a $200k FTMO challenge and your journal has no idea what an FTMO challenge is.

This one knows. You configure your prop firm account when you connect it: daily loss limit, total loss limit, whether the firm uses trailing drawdown (peak-equity-based) or static drawdown (starting-balance-based). The dashboard then shows DD remaining live as you trade.

In the dashboard

What live tracking looks like

Take FTMO's standard challenge as an example: 5% daily loss limit, 10% overall loss limit, profit target 10% in phase 1 / 5% in phase 2. You input those numbers when setting up the account.

Open the dashboard during a session and you see:

  • Daily loss remaining (e.g., $1,847 out of $10,000 on a $200k account)
  • Total loss remaining (e.g., $14,300 out of $20,000)
  • Trailing-DD recalculation as your equity peak updates (if your firm uses trailing)
  • Days traded so far, against any minimum trading days your firm requires
  • Per-account view if you are running multiple challenges at once

What it does not auto-enforce: consistency rules (best-day-vs-total-profit ratios) and news lockout windows. Those are coming. For now, watch them manually if your firm enforces them.

Patterns

Where most prop firm traders blow up

Patterns we have seen across journaled prop firm challenges:

  • Trailing drawdown calculation errors. Trailing DD updates on closed equity (peak-to-current) on most firms. People model it wrong, think they have $3k of room, actually have $700. The journal does this math.
  • The consistency trap. One windfall day can violate consistency rules even though you passed the DD test. The journal does not auto-enforce consistency yet, but the daily P&L view at least makes the lopsided day visible at a glance.
  • News trades inside lockout windows. Trading 90 seconds before NFP can void trades on funded accounts. The journal does not currently lock you out automatically. Set a desk-side rule for now.
Pro tier

How the AI Coach handles prop firm context

The AI Coach reads your trade history and your configured rule set, then writes feedback you can act on the next session. As an illustrative example, output for an FTMO phase 2 challenge might look like:

You took several trades during the news blackout window last week. The firm did not void them this time because the position closed before the release, but two were open during the announcement. If this happens on a funded account, the trade is voided and may trigger account closure. Consider a blackout reminder.

Specific to your trades, your firm, your rules. Not a stock summary.

What's automatic, what's manual

Rule tracking by category

Rule typeTracked live?
Daily loss limitYes (auto)
Total loss limitYes (auto)
Trailing drawdown (peak-equity-based)Yes (auto)
Static drawdown (starting-balance-based)Yes (auto)
Profit targetYes (auto)
Minimum trading daysCounted
Consistency rule (best-day ratio)Manual, visible in daily P&L
News lockout windowsManual
Weekend hold restrictionsManual

This page is going to be more honest about what is automatic than most competitor pages will be. If automatic news-lockout enforcement is a hard requirement for you, that is worth knowing now rather than after you sign up.

Honest pricing

Standard vs Pro for prop firm traders

Live DD tracking, the AI Coach, multi-account, and live broker sync sit on the Pro tier ($55/mo). The 14-day Pro trial includes all of it. A card is required to start; cancel before day 14 and you are not charged.

Standard ($30/mo) gives you the journal with CSV/EA-webhook import and one account. Fine if you only want to review your funded results after the fact, not run live DD meters during the trading day.

FAQ

Frequently asked

Which prop firms work with the journal?
Any prop firm running an MT4, MT5, or cTrader server works through live sync (Pro tier). FTMO, FundedNext, MyForexFunds, The 5%ers, and the MT5 path for Apex all connect cleanly. For Apex on NinjaTrader, use the CSV statement import.
What rules does the journal actually track?
Daily loss limit, total loss limit, and trailing drawdown (peak-equity-based). You configure your rule values when you set up the account: daily loss percentage, total loss percentage, and whether your firm uses trailing vs static drawdown. The journal tracks how close you are to each limit in real time on Pro.
Does it track consistency rules or news lockouts?
Not automatically. Consistency rules (best day must be under X% of total profit) and news lockout windows are not modeled by the journal. If your firm enforces these, you currently watch them manually. They are on the roadmap.
Can I get alerts when I am close to drawdown?
The dashboard shows live DD remaining on Pro. Telegram and email notifications exist for general trade events. Dedicated DD-threshold push alerts are not currently shipped. Set your own desk-side rule for now.
Can I track multiple prop firm accounts in parallel?
Yes on the Pro tier. Up to 10 accounts. Useful for Apex scaling plans or anyone running parallel challenges.

See your drawdown remaining live

Connect your prop firm account, configure your firm's rules, watch DD remaining update as you trade. 14-day Pro trial, cancel anytime before it ends.

Start the 14-day trial

Related reading

Free trading journal overview
The core journal, free 14-day trial.
MT4 auto-sync for prop firms
Read-only credentials, real-time sync.
MT5 auto-sync
For prop firms running MT5 servers.
The Prop Firm Survival Guide
Free PDF on rules, traps, and week-one mistakes.