OPEN-SOURCE SCRIPT

FTMO Rules Monitor

FTMO Rules Monitor: Stay on Track with Your FTMO Challenge Goals

TLDR; You can test with this template whether your strategy for one asset would pass the FTMO challenges step 1 then step 2, then with real money conditions.

Passing a prop firm challenge is ... challenging.
I believe a toolkit allowing to test in minutes whether a strategy would have passed a prop firm challenge in the past could be very powerful.

The FTMO Rules Monitor is designed to help you stay within FTMO’s strict risk management guidelines directly on your chart. Whether you’re aiming for the $10,000 or the $200,000 account challenge, this tool provides real-time tracking of your performance against FTMO’s rules to ensure you don’t accidentally breach any limits.

NOTES

The connected indicator for this post doesn't matter.
It's just a dummy double supertrends (see below)

The strategy results for this script post does not matter as I'm posting a FTMO rules template on which you can connect any indicator/strategy.



To connect your indicator to this FTMO rules monitor template, please update it as follow

  1. Create a signal variable to store 1 for the long/buy signal or -1 for the short/sell signal
  2. Plot it in the display.data_window panel so that it doesn't clutter your chart




In the FTMO Rules Monitor template, I'm capturing this external signal with this input.source variable



🔶 USAGE

This indicator displays essential FTMO Challenge rules and tracks your progress toward meeting each one. Here’s what’s monitored:

Max Daily Loss
• 10k Account: $500
• 25k Account: $1,250
• 50k Account: $2,500
• 100k Account: $5,000
• 200k Account: $10,000

Max Total Loss
• 10k Account: $1,000
• 25k Account: $2,500
• 50k Account: $5,000
• 100k Account: $10,000
• 200k Account: $20,000

Profit Target
• 10k Account: $1,000
• 25k Account: $2,500
• 50k Account: $5,000
• 100k Account: $10,000
• 200k Account: $20,000

Minimum Trading Days: 4 consecutive days for all account sizes

🔹 Key Features

1. Real-Time Compliance Check
The FTMO Rules Monitor keeps track of your daily and total losses, profit targets, and trading days. Each metric updates in real-time, giving you peace of mind that you’re within FTMO’s rules.

2. Color-Coded Visual Feedback
Each rule’s status is shown clearly with a ✓ for compliance or ✗ if the limit is breached. When a rule is broken, the indicator highlights it in red, so there’s no confusion.

3. Completion Notification
Once all FTMO requirements are met, the indicator closes all open positions and displays a celebratory message on your chart, letting you know you’ve successfully completed the challenge.

4. Easy-to-Read Table
A table on your chart provides an overview of each rule, your target, current performance, and whether you’re meeting each goal. The table adjusts its color scheme based on your chart settings for optimal visibility.

5. Dynamic Position Sizing
Integrated ATR-based position sizing helps you manage risk and avoid large drawdowns, ensuring each trade aligns with FTMO’s risk management principles.

Daveatt
ftmoPine utilitiespropfirmstatisticsTrend Analysis

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


⭐️ Listed as an Official TradingView Trusted TOP Pine Programmer

📧 Coding/Consulting Inquiries: dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com

Twitter: twitter.com/bti_trading
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