“Passing a prop‑agency problem isn’t about hitting +10 % as soon as — it’s about ensuring you by no means hit –5 % in a single day.”
On this tutorial you’ll study two concrete methods to laborious‑restrict every day losses to 2 %: one plug‑and‑play (utilizing the Should GBP Grasp EA) and one DIY (a printable guidelines that works with any EA or handbook system). No hype, simply instruments that hold you buying and selling tomorrow.
1 · Why Every day‑Loss Guidelines Fail — and Accounts Observe
1‑1 · The Unforgiving Math of Prop‑Agency Limits
FTMO, MyForexFunds and most critical evaluators share the identical lure: breach 5 % every day drawdown and the account is closed immediately — revenue wiped, price misplaced. In 2024 FTMO reported that 68 % of failed challenges die on drawdown day one; the dealer by no means even will get to check lengthy‑time period edge.
1‑2 · The 4 Traditional Methods Merchants Break the Rule
- Lot‑measurement creep after a successful streak (“I’m sizzling right this moment”).
- Martingale revenge to get better the primary loss.
- Information FOMO: buying and selling uninformed via CPI or FOMC.
- Handbook overrides: disabling an EA mid‑session and doubling down manually.
Every error is emotional — so the repair needs to be automated or not less than pre‑dedicated. That’s what the following two sections ship.
2 · Path A — Plug‑and‑Play Management with Should GBP Grasp
2‑1 · How the EA Displays Fairness in Actual Time
- Each new tick, the EA calculates floating P/L + closed P/L for
- the dealer day (server midnight reset).
- If fairness ≤ Begin‑of‑Day Fairness × (1 – DailyLossCap%) → it triggers Break style.
- Break style immediately closes open baskets if the optionally available checkbox is on, then blocks new entries till the dealer day rolls over.
2‑2 · Setting Your Personal Cap
| Step | Motion |
|---|---|
| 1 | Load the EA on GBPUSD H1 (any dealer, ECN beneficial). |
| 2 | In inputs, set RISK EXTRED = 0.5 % (prop‑agency secure begin). |
| 3 | Set DailyLossCap = 2 %. |
| 4 | Select CloseOpenTradesOnCap = true if you’d like all publicity flat instantly. |
| 5 | Hit OK → carried out. |
Outcome: Even a Black‑Swan spike can’t price you greater than 2 % that day — the account lives to commerce one other session.
2‑3 · Actual‑World Footprint
Case‑research extract: Throughout the 3 April 2025 PMI shock, fairness dipped −1.9 %. The EA hit the trailing cease, calculated fairness at –1.96 %, and blocked additional entries. Steadiness finish‑day: –1.96 %. Dealer prevented the −4 % soften‑down that took out three different GBPUSD bots the identical morning.
3 · Path B — The Handbook Guidelines (Works with Any System)
For those who want working a number of EAs, discretionary trades, or a platform apart from MetaTrader, the DIY route is your hedge.
3‑1 · The 4‑Level Every day Drawdown Guidelines
- Pre‑session fairness screenshot — log begin‑of‑day fairness in a journal or spreadsheet.
- Laborious cease‑buying and selling alert — set a dealer‑facet fairness alert at –2 %. Many platforms allow you to set off push or electronic mail notifications.
- Publicity thermostat — by no means exceed two open trades / 2 R mixed danger till fairness is ≥ +1 R.
- Quarter‑day fairness checks — instances: 09:00, 13:00, 17:00 London. If fairness ≤ –1.5 %, reduce measurement in half.
3‑2 · Why It Works
- Mechanical thresholds cut back in‑session negotiation (“only one extra commerce”).
- Checking 4 instances a day prevents sluggish‑bleed days from sneaking under –5 %.
- Written dedication shrinks the desire‑energy tax. For those who can’t obey the paper, the problem isn’t the account — it’s you.
4 · Evaluating Each Paths
| Characteristic | Should GBP Grasp | Handbook Guidelines |
| Automation | Full, per‑tick | Human‑executed |
| Max trades allowed | 1 basket, coded | Your self-discipline |
| Platform | MT5, MT4 | Any |
| Effort | 2‑minute setup | Every day logging + alarms |
| Greatest for | Single‑pair centered, palms‑off | Multi‑EA or blended handbook setups |
For the tip: Mix each — run the EA in your prop‑agency account and hold the guidelines taped to your monitor for any discretionary add‑ons.
5 · FAQ — Every day DD Controls in Prop-Agency Environments
Q1. Can I set DailyLossCap under 1 %?
Sure. Any worth from 0.5 % to five % is accepted. Under 0.5 % the EA ignores trades as a result of unfold price exceeds danger.
Q2. Does Pause Mode resume routinely?
Sure. At dealer midnight, the EA resets the every day counter and reactivates buying and selling for the brand new session.
Q3. What if I need to run a number of EAs?
DoIt GBP Grasp tracks its personal trades — simply set the Magic Quantity and also you’re good to go.
6 · Obtain the Drawdown Guidelines (PDF)
Get the 1‑web page EA Survival Guidelines →
Print it, tape it to your wall, and signal it earlier than your subsequent session.
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