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Prop Firm Guide - Risk Management - Daily Journal

The document outlines the rules and guidelines for a prop trading firm. It includes daily and weekly drawdown limits, position size calculations based on risk:reward ratios, and a cascading order strategy using 3 trade sets with a total risk of 1% and reward of 3%. It also notes to close all trades before the weekend.

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Mohsin Chowdhury
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249 views

Prop Firm Guide - Risk Management - Daily Journal

The document outlines the rules and guidelines for a prop trading firm. It includes daily and weekly drawdown limits, position size calculations based on risk:reward ratios, and a cascading order strategy using 3 trade sets with a total risk of 1% and reward of 3%. It also notes to close all trades before the weekend.

Uploaded by

Mohsin Chowdhury
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Prop Firm Rules

Daily drawdown Overall Drawdown Phase 1 TP Duration

-5% -12% 8% 30
-$ 500 -$ 1,200 800 22 days
Daily Goal Weekly Goal
$ 36 $ 160
0.36% 1.60%
Capital: 10,000
$
Risk: 0.5%
Risk : Reward: Ratio:
$ 50 $ 150
1 : 3

POSITION SIZE CALC.


risk in pips; -->approx.

if lot size: -30 p/l in % 90 p/l i


0.17 -30 $ -50.00 -0.50% 90 $ 150.00
0.33 -30 $ -100.00 -1.00% 90 $ 300.00 3.00
-30 $ -150.00 -1.50% 90 $ 450.00 4.50
0.50 -30 $ -200.00 -2.00% 90 $ 600.00 6.00
0.67 -30 $ -250.00 -2.50% 90 $ 750.00 7.50
0.83

Cascading orders Strat: 3 Sets


Risk per Set: $ 33.33 risk per trade in pips: 30
Orders per set: 3 value per pip: $ 0.37
lot size per trade: 0.04
1.00%
Reward per set: $ 100.00
Total risk in 3 Sets: $ 100.00 1.00% in pips: -270
Total Reward in 3 Sets: $ 300.00 3.00% in pips: 810
3.00%
Max reward $ 300.00
Total trades: 9
m Rules
Phase 2 TP Duration CLOSE ALL TRADES mon tue wed

5% 1 2 3
500 days 8 9 10
BEFORE WEEKEND!!!
15 16 17
22 23 24
29 30
Daily journal
$ 36.36 $ 36.36 $ 36.36 $ 36.36 $ 36.36

$ 36.36 $ 36.36 $ 36.36 $ 36.36 $ 36.36


$ 36.36 $ 36.36 $ 36.36 $ 36.36 $ 36.36
$ 36.36 $ 36.36 $ 36.36 $ 36.36 $ 36.36
$ 36.36 $ 36.36

reward in pips;
90 p/l in %
90 $ 150.00 1.50%
90 $ 300.00 3.00%
90 $ 450.00 4.50% Daily journal
90 $ 600.00 6.00%
90 $ 750.00 7.50%

$ 11.11 0.11%

-270
810
thurs fri sat sun
Weekand
Total Days Days
4 5 6 7 30 8
11 12 13 14
18 19 20 21 Trading Days
25 26 27 28 22

Daily journal
36.36 $ 36.36 $ 36.36 $ 36.36 $ 160.00

$ 181.82
$ 36.36 $ 36.36 $ 36.36 $ 160.00
$ 181.82
$ 36.36 $ 36.36 $ 36.36 $ 160.00
$ 181.82
$ 36.36 $ 36.36 $ 36.36 $ 160.00
$ 181.82
$ 160.00
$ 72.73
$ 800.00
$ 800

Daily journal
$ 160.00
$ -
$ 160.00
$ -
$ 160.00
$ -
$ 160.00
$ -
$ 160.00
$ -

$ 800.00
$ -
Phase 2 TP Duration
-5% -12% 8% 30 5%
-500 -1200 800 22 500

1.60%
Capital: 10,000
$
Total Days
30
BEFORE WEEKEND!!!
Trading Days
22
Weekand Days
8

Trading Days
22
Phase 2 TP Duration
-5% -12% 8% 30 5%
-500 -1200 800 22 500

1.60%
Capital: 10,000
$
Total Days
30
BEFORE WEEKEND!!!
Trading Days
22
Weekand Days
8

Trading Days
22
Capital:
$
ave. #DIV/0!
usd factor

Phase 2 TP Duration
-12% 8% 30 5%
-1200 800 22.0 500 BEFORE WEEKEND!!!
886 5.2
3040 1.4
0 6.4
10000 3.1
Total DaysWeekand Days
30 8

Trading Days
22
Phase 2 TP Duration
-5% -12% 8% 30 5%
-500 -1200 800 22 500 BEFORE WEEKEND!!!

1.60%
Capital: 10,000
$
Total DaysWeekand Days
30 8
BEFORE WEEKEND!!!
Trading Days
22
Phase 2 TP Duration
-5% -12% 8% 30 5%
-500 -1200 800 22 500 BEFORE WEEKEND!!!

1.60%
Capital: 10,000
$
Total DaysWeekand Days
30 8
BEFORE WEEKEND!!!
Trading Days
22

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