Stopline Trade Manager › Guides
Prop-firm daily loss limit in MetaTrader
Most funded-trader programmes end an account that loses more than a set amount in one day. The rule is simple to state and easy to break by accident: a loss in the morning, a revenge trade after lunch, a position that is still open when the day's loss is counted.
Read your firm's rule first
Firms differ, and only your firm's rules count. Check three things:
- The base: a percentage of the starting balance, of the day's starting balance or equity, or a fixed amount.
- What counts: closed losses only, or closed losses plus open (floating) losses.
- When the day resets: at the server's midnight or at another time.
Also check that the firm allows Expert Advisors on the account before you attach one.
Where traders break it
- Oversizing: a lot worked out by hand, or rounded up, risks more than planned on every trade.
- One more trade: after a loss, the next entry is taken to win it back.
- Open losses: the closed result looks fine, but a floating loss takes the day over the limit.
- Stacking: several positions on one symbol add up to far more risk than any single trade.
Guards that help you stay inside it
Stopline Trade Manager has these risk guards. They enforce the limits you set, not your firm's rules, so set them tighter than the firm's and leave a margin.
| Guard | What it does |
|---|---|
| Daily loss limit | Counts today's closed result plus the floating result of the positions it manages. At your limit, an amount or a percentage of the balance, it blocks new entries until the next server day. It closes nothing. |
| Maximum open trades | Refuses a new entry above your limit. |
| Exposure per symbol | Refuses an order that would take the symbol's lots above your limit. |
| Lot limit | Keeps the lot inside your minimum and maximum and says when it applies. |
| Spread limit | Holds entries while the spread is wider than your limit. |
| Free margin check | Refuses an order the free margin cannot carry, before the broker does. |
A health dot in the panel's header turns orange at the daily limit, and the risk can use the balance at the start of the previous day, week or month as its base, which matches rules that measure from a fixed point.
Size every trade from risk
The guard is the last line. The first is sizing each trade so that a stopped-out trade costs a small, known share of the daily limit: see how position size is calculated. With a daily limit of 5 % and a risk of 0.5 % per trade, it takes ten full losses in one day to reach it.
Get the guards
Both editions have them: Stopline Trade Manager MT5 and Stopline Trade Manager MT4. Rent one for a month to try it on your own charts first.