Limits in the terminal
T-Manager closes new entries at 100% of the daily limit or max drawdown and warns at 70% and 90%.
Davinchu for prop traders
Set the daily loss limit and max drawdown slightly stricter than your prop firm rules — the T-Manager EA closes new entries before a rule is broken. Phase progress is on the account page, and the journal shows which mistakes cost you the challenge.
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Was es kann
Everything for passing the challenge
No stop — no entry
The «Risk per trade» rule rejects a panel entry without a stop loss or with risk above the limit.
Phase progress
Phase, profit target, daily and total loss limits — the account page shows how far you are from the target and from the limit.
Mistake review
The journal counts on-plan and off-plan trades and the cost of violations — you see what exactly is failing the phase.
Several challenges
Each phase is a separate account; limits are set per account or for all accounts at once, each one separately.
Show the result
A public link to an account or an account portfolio — for a report or a talk with an investor.
So funktioniert es
In vier Schritten starten
Connect the prop account
The Davinchu Trade Monitor EA in MetaTrader 5 or MetaTrader 4 sends trades, balance and history.
Mark it as prop
In the account settings — phase, profit target, daily and total loss limits.
Set the limits
Daily stop-loss and max drawdown with a margin to the firm rules; install T-Manager in MetaTrader 5.
Trade and review
Enter through the T-Manager panel and mark in the journal whether a trade was on plan and what the mistake was.
Prop firm rules → limits in Davinchu
You set the risk manager limits yourself — from your prop firm rules and with a margin: then T-Manager stops new entries before the firm's rule is hit.
| Firm rule | What to set in Davinchu |
|---|---|
| Daily loss limit, e.g. 5% | «Daily stop-loss, %» — with a margin, e.g. 4% |
| Maximum drawdown, e.g. 10% | «Max drawdown, %» — e.g. 8–9% |
| Risk per trade cap | «Risk per trade, % (max)» — it also blocks panel entries without a stop loss |
| No trading in certain hours | «Trading hours» with a time zone |
| Cap on positions or trades | «Max open positions», «Max trades per day» |
At 70% and 90% of a limit you get a warning; at 100% the T-Manager EA closes new entries: for daily limits — until midnight in the time zone of the risk manager's «Trading hours» block (UTC if it is not set), for drawdown — until it falls below the limit. Limits are calculated in the terminal from the account history, so they keep working without a connection to the dashboard.
Phase progress on the account page
In the account settings mark it as a prop account and set the phase (1, 2, 3 or Funded), the profit target and the daily and total loss limits. The account page shows «Target X%: Y%» and the daily and total loss against the limit — from the starting balance, with the day starting at midnight. This is progress tracking, not a block: trading is stopped by the risk manager limits.
How to set it up for prop firm rules
- Platforms — MetaTrader 5 and MetaTrader 4. The journal, analytics and phase progress work on both; the T-Manager risk manager is for MetaTrader 5, the MT4 version is in development.
- EAs on the account. Davinchu works through EAs in the MetaTrader terminal — check that your prop firm rules allow EAs on the account.
- Trade through the T-Manager panel. At the limit it blocks new entries, and trades from the standard MetaTrader window and other EAs count toward the limits. The local «Day control» in the EA inputs can close open positions on a limit — turn it on if the firm's rules require it.
- Drawdown from the peak. Prop progress counts drawdown from the starting balance, while the «Max drawdown» limit in the risk manager counts from peak equity, like a trailing boundary — stricter than a static rule. The difference is explained in «Trailing vs static drawdown».
- Day boundaries. A prop firm may count the day by server time and by equity rather than balance — set your daily limit with a margin.
Plans
The risk manager comes with paid plans: Plus — 1 account, Pro — 5, Elite — 20; an extra seat is $5 per month. Monitoring, the journal and prop progress are also available on Free (2 accounts). More on the «MT5 risk manager» page.
FAQ
Fragen und Antworten
Which prop firms does Davinchu work with?
Those that give you a MetaTrader 5 or MetaTrader 4 account and allow EAs on it: Davinchu connects through an EA. The T-Manager risk manager works in MetaTrader 5, the MT4 version is in development.
Does Davinchu know my prop firm rules?
No. You set the limits yourself from the firm rules — ideally with a margin, because the firm may count the day by server time and drawdown by equity.
Will the risk manager close positions at the limit?
At 100% T-Manager blocks new entries through its panel, and the local «Day control» in the EA inputs can close open positions on a limit — turn it on if you need it.
Is trailing drawdown tracked?
Prop account progress counts drawdown from the starting balance. The «Max drawdown» limit in the risk manager counts from peak equity — it behaves like a trailing one and is stricter than a static rule.
Can I use it for free?
Monitoring, the journal and prop progress are on Free (up to 2 accounts). The risk manager starts with the Plus plan.
Weiterlesen
Journal, Risikomanager und Analysen in einem Dashboard
Free für immer: 2 Konten, ein Journal und KI-Auswertungen. Die Einrichtung dauert 5–10 Minuten.