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Prop-Firm Setup ​

Prop-firm accounts come with hard rules: a daily-loss limit and a maximum overall drawdown that, if breached, fail your challenge or funded account instantly. TTMT can enforce a per-account daily-loss limit that stops trading before you breach the firm's line -- but it is off by default, so setting it up is the first thing you do on a prop account. This page walks you through connecting the account, aligning TTMT's limits with your firm's, and picking starting risk that survives the challenge.

Before You Start ​

Have these ready:

  • Your prop firm's server name -- e.g., FTMO, FundedNext, The5ers. You will search for or upload this when connecting.
  • Your challenge login and trading password -- from the firm's dashboard.
  • Your firm's two numbers, written down:
    • The daily-loss limit (in % or $).
    • The maximum total drawdown (in % or $).

TTMT offers a Challenge subscription tier built for prop-firm accounts, with a 7-day free trial. See the challenge tier page for what it includes.

Connecting Your Prop Account ​

You connect a prop account the same way as any other -- see connecting MetaTrader for the full flow. A few prop-specific notes:

  • Prop firms almost always appear in the broker search. Search the firm name and pick the matching challenge or funded server (for example, FTMO-Server4).
  • If the server is not in the list, upload the .srv file from the firm's MetaTrader download.
  • Label the account clearly -- e.g., "FTMO 100K Phase 1" -- because you will likely run more than one.
  • Each prop account is independent. It gets its own trading settings and its own daily-loss limit.

Aligning TTMT With Your Firm's Rules ​

This is the core of prop-firm setup. Open the Risk Limits settings for this account and work through each control.

Risk Limits are OFF by default

On a prop account, turning Risk Limits on and setting your daily-loss limit is the first thing you do -- before any signal trades.

Turn Risk Limits ON. The master toggle is off by default. Flip it on for this account.

Set the Daily Loss Limit BELOW your firm's. Choose % or $ mode, then set TTMT's limit to roughly 70-80% of the firm's daily-loss rule. The buffer leaves room for spread and slippage on the trades that close when the halt fires, so TTMT stops you before the firm does. The default daily-loss limit in the UI is 5% -- on a prop account you almost always want it lower.

The reset clocks may not line up

TTMT's daily limit resets at 5 PM EST. If your prop firm resets at a different time -- most reset at the broker's server midnight -- your two "days" do not match. Set your TTMT limit lower so it stays safe across the gap.

Set On Breach Action to "Halt + close all positions." Halting new trades is not enough on a prop account: an open position can keep bleeding past your limit. Close-all closes open positions and cancels pending orders the moment the halt fires.

Close-all is the prop default

For prop accounts, set On Breach Action to "Halt + close all positions." Halting new trades alone lets an open position bleed past your limit.

Cap Max Concurrent Trades. The default is 5 (range 1-50). On a tight challenge, lower it to 2-3 so several signals firing at once cannot stack risk past the daily line.

Optional: Daily Profit Target. Some firms have consistency rules (no single day above X% of your total profit). Set a daily profit target to halt after a strong day so one day does not dominate your profit split. The UI notes this is useful for prop-firm consistency rules.

Deposits and withdrawals -> Recalibrate, not Resume. If your firm adjusts your balance (a scaling plan or a payout), use Recalibrate Baseline so the daily limit re-anchors to the new equity. Resume only clears a halt and keeps the day's counters running. See Risk Limits for the difference.

Drawdown Awareness on Day One ​

TTMT's daily-loss halt protects the daily rule. Most firms also have a maximum total drawdown -- a separate line TTMT does not track as its own hard stop. Keep total exposure modest so a few bad days in a row do not breach the overall line.

Two different limits

TTMT enforces your DAILY loss rule. Your firm's MAXIMUM total drawdown is a separate line TTMT does not hard-stop -- keep overall size modest.

The dashboard's drawdown and recovery guidance is advisory: it compares today's loss against your current balance (not a peak balance) and flags when you are deep in the red. Use the performance page to track your trend over time. For the broader picture, see risk management.

The platform's own hard volume cap -- a fixed 5.0 lots per position on a standard account -- sits far above any sane prop lot size. It is a backstop against a runaway calculation, not your risk limit. Your firm's rules and your daily-loss setting are what keep you safe.

What Happens When You Hit the Halt ​

When your account trips the daily-loss limit:

  • New signals stop trading immediately.
  • With close-all on, open positions close and pending orders cancel.
  • The halt is logged with a timeline you can review on the dashboard.
  • Trading resumes automatically at the next daily session reset (5 PM EST), or you can resume manually.

For the full resume and recalibrate detail, see Risk Limits.

A clean save

A trader on an FTMO 100K Phase 1 sets TTMT's daily-loss limit to 4% (~$4,000) against the firm's 5% rule ($5,000), with close-all on. A bad London session trips the halt at -$4,050; TTMT closes everything, leaving a clean $950 buffer before the firm's line.

Without close-all, that same trader -- halting new trades only -- watched two open gold positions keep running into the close. They pushed realized loss past the firm's 5% rule and failed the challenge. Close-all is what prevents that.

Ideal Settings & Trading Strategy ​

Scenario 1 -- Conservative Challenge (small, tight firm rules) ​

Setup: First-time prop trader on an FTMO-style $25K Phase 1 challenge. Firm daily-loss rule 5% ($1,250), max total drawdown 10% ($2,500), following a gold and major-pairs channel.

Settings:

  • Risk Limits: ON
  • Daily Loss Limit: 3% of equity (~$750) -- well under the firm's $1,250
  • On Breach Action: Halt + close all positions
  • Max Concurrent Trades: 2
  • Daily Profit Target: 4% (halt after a strong day to respect consistency rules)
  • Lot size: 0.06 lots (Conservative)
  • Entry style: single (one entry, full size) for predictable risk per signal
  • TP style: Progressive (secure profits early)
  • Layers x orders: 1 x 1 (a single order) so each signal's risk is exact
  • TP count limit: 3

Why: A 25K challenge has almost no room for error -- a single oversized loss day fails it. A 3% daily halt with close-all and a hard 2-trade cap guarantees the challenge survives a bad session, and single-entry keeps each signal's risk exactly knowable.

Watch for: Single-entry means you take the full position at the signal's market price with no averaging. A fast adverse move right after entry hits the full size at once.

Switch when: You pass Phase 1 and move to a larger funded account with more drawdown room -- then loosen toward Scenario 2.

Scenario 2 -- Balanced Funded Account (moderate) ​

Setup: Trader with a funded $100K account. Firm daily-loss rule 5% ($5,000), max total drawdown 10% ($10,000), following a mixed forex channel posting 3-6 signals a day.

Settings:

  • Risk Limits: ON
  • Daily Loss Limit: 4% of equity (~$4,000) -- 80% of the firm's rule, leaving a slippage buffer
  • On Breach Action: Halt + close all positions
  • Max Concurrent Trades: 3
  • Daily Profit Target: leave empty (no consistency rule on this firm), or set if required
  • Lot size: 0.12-0.18 lots (Moderate/Standard)
  • Entry style: front-loaded (most volume at the first good price, the rest averaging in)
  • TP style: Balanced (spread across targets)
  • Layers x orders: 4 x 3 = 12 (the platform default) -- the layered engine smooths entries
  • TP count limit: 5

Why: A funded 100K has room to use the full layered engine. A 4% halt with close-all protects the daily rule with a real buffer; front-loaded entry plus balanced take-profits gives steady, diversified exits suited to a multi-signal channel.

Watch for: Three concurrent trades, each with up to 12 orders, means total exposure can climb fast in a trending session. The close-all halt is your backstop -- check the performance page after busy days.

Switch when: You add a second funded account or want to push for a payout faster -- move to Scenario 3, or tighten back to Scenario 1 after a drawdown.

Scenario 3 -- Aggressive Multi-Phase / Scaling (multi-account prop) ​

Setup: Experienced trader running two prop accounts at once -- a $50K Phase 2 challenge and a $200K funded account -- assigning the same fast gold channel to both, with per-account limits.

Settings (set independently per account):

  • Risk Limits: ON on both accounts -- each has its own daily-loss limit
  • $50K Phase 2: Daily Loss Limit 3.5% (~$1,750, under the firm's 5%); Max Concurrent Trades 2; close-all on
  • $200K funded: Daily Loss Limit 4% (~$8,000); Max Concurrent Trades 4; close-all on
  • Lot size: 0.12 on the 50K (Moderate), 0.36 on the 200K (Aggressive) -- scaled to each account's room
  • Entry style: front-loaded on the 50K, even on the 200K
  • TP style: Progressive on the 50K (protect the phase), Extended on the 200K (chase R:R for the payout)
  • Layers x orders: 4 x 3 on the 50K, 6 x 4 on the 200K
  • TP count limit: 4 on the 50K, 6 on the 200K
  • Deposits and payouts: use Recalibrate Baseline whenever the firm scales or pays out

Why: Two accounts with different rules need two independent risk profiles. TTMT scopes Risk Limits per account, so the tight Phase-2 limit never loosens just because the funded account has room. Aggressive sizing on the larger, safer account chases the payout while the challenge account stays protected.

Watch for: The same channel on both accounts means a single bad signal hits both at once -- a coordinated bad day could halt both. Keep the per-account limits genuinely independent and never share one limit across them. Confusing Recalibrate with Resume after a scaling event is the classic failure here: a trader who hit Resume instead of Recalibrate after the firm scaled them from 100K to 200K had the daily-loss % evaluate against the old baseline and halt far too early.

Switch when: Either account breaches or you fail a phase -- drop the affected account back to Scenario 1 conservatism and rebuild.