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Smart Risk Monitor

Version 5 includes a Smart Risk Monitor window for tracking account-level protections and challenge-style risk controls.

These features are designed for traders who want tighter rules around drawdown, session gains, losing streaks, and progress toward a prop firm challenge target. FTMO can be used as an example of this type of workflow, but the feature is not a guarantee of passing any challenge and is not limited to one firm.

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Smart Risk settings can block new entries or close trades depending on the selected mode. Test the full setup before live use.

Challenge Mode​

Challenge Mode scales the effective lot size as progress toward a target increases.

Main inputs:

  • UseChallengeMode
  • ChallengeTargetPercent
  • ChallengeBaseMultiplier
  • ChallengeMaxMultiplier

The EA records a starting balance when the mode initializes, calculates progress toward the target, then applies a multiplier between the base and max multiplier. When the target is reached, the EA closes EA trades and suspends further activity for that challenge run.

Progressive Risk Reduction​

Progressive risk reduction scales exposure down when equity drops below the starting anchor.

Main inputs:

  • UseProgressiveRiskReduction
  • ProgressiveRiskFloor
  • ProgressiveRiskDepth

When enabled, the EA reduces the effective risk multiplier as drawdown deepens toward the configured depth.

Peak Giveback Protection​

Peak giveback protection adds a second reduction curve after the account has built enough profit cushion.

Main inputs:

  • UseProgressivePeakProtection
  • ProgressivePeakUnlockPercent
  • ProgressivePeakFloor
  • ProgressivePeakDepth

After the unlock threshold is reached, the EA tracks a high-water mark and reduces risk if equity gives back from that peak.

Trailing High-Water-Mark Drawdown​

Trailing drawdown control tracks equity against the account high-water mark.

Main inputs:

  • UseTrailingDDControl
  • TrailingDDPercent

Modes:

  • TRAILING_DD_DISABLED: disabled.
  • TRAILING_DD_BLOCK: block new entries when breached.
  • TRAILING_DD_CLOSE_BLOCK: close EA trades and block new entries when breached.

Weekly Drawdown Cap​

Weekly drawdown control tracks equity against the Monday-start balance.

Main inputs:

  • UseWeeklyDDCap
  • WeeklyDDPercent

Modes:

  • WEEKLY_DD_DISABLED: disabled.
  • WEEKLY_DD_BLOCK: block new entries when the cap is hit.
  • WEEKLY_DD_CLOSE_BLOCK: close EA trades and block new entries when the cap is hit.

Consecutive Loss Circuit Breaker​

MaxConsecutiveLosses pauses new entries after the configured number of consecutive losing trades. Use 0 to disable it.

Session Profit Lock​

SessionProfitLockPercent stops new entries after session equity profit reaches the configured percentage of the session-start balance. Use 0 to disable it.

Practical Setup Notes​

  • Start with conservative values.
  • Confirm whether the selected mode only blocks new trades or also closes open EA trades.
  • Use Strategy Tester and demo testing before live use.
  • Document the challenge rule set you are trying to match before changing inputs.
  • Do not assume a preset for one prop firm challenge matches another challenge's rules.