Prop firm daily loss tracker for gold traders
Most prop accounts do not die from a bad strategy. They die at 14:40 on a Tuesday, three trades deep, when the number on the screen is close enough to the daily limit that one more entry feels reasonable.
The Gold Plan tracks that number per account, while you are still in the session, and tells you where you stand against the rule you set.
What actually gets tracked
| You set | It shows |
|---|---|
| Daily loss limit, per account | Today's realised P&L against that limit, as a percentage |
| Starting capital, per account | ROI per account, not one blended number |
| Session, setup, emotion per trade | Which combination is producing your red days |
The three thresholds
The kill switch has four states, and they are deliberately blunt:
| State | Trigger | What it means |
|---|---|---|
| Green | In profit | Nothing to do. |
| Amber | 50% of the daily limit used | Half your rope is gone. Size down. |
| Red — walk away | 80% of the limit used | One normal stop-out ends the account. |
| Hard stop | 100% of the limit used | The rule is already broken. Stop trading. |
Why separate limits per account
A $5k challenge and a personal account do not share a rulebook, and blending them hides the one number that matters. If your journal averages a blown $10k challenge with a funded account that is trading well, you learn nothing and you feel fine. Per-account tracking is the whole point.
Setting it up
- Add each account under Settings, with its starting capital and its own daily loss limit.
- Log trades as you take them — date, account, session, setup, direction, entry, exit, volume, P&L, emotion.
- Open the dashboard before your next entry. The kill switch is at the top.
If you already have history, import it from an MT5 report instead of typing it in — that process is here.
What it will not do
- It will not pass the challenge for you, and it will not tell you what to trade.
- It will not connect to your broker's execution. Import and manual entry only.
- It will not replace the firm's own dashboard — always trust their number over mine.
If you trade gold on a prop account and you have breached a daily limit before, the useful question is not "what setup should I use" but "at what point in the session do I stop". That is a journal question, and it needs a number, per account, today.