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Before you start
Two checks. Tick them as you go.
Words you'll see. Challenge = a test account to qualify. Funded = a live account after you qualify. Stage = one step of a challenge.
Guide · Journal and dashboard · about 20 minutes
Prop-firm rules and the equity card.Your copy of the rules, your own records.
A prop-firm account in the journal keeps your copy of the firm's rules, your stages, the payments you actually received, and equity checkpoints you record yourself. The journal does not connect to the firm and does not verify its official status. Check everything against the firm's own statement.
~20 minstart to finish
6 stepstick each one off
Your recordsnot the firm's status
Freefor the journal
✓
Nothing here changes your challenge or account.
You record what you read and what you received. If a step doesn't look like the picture, that's normal: open the "Not seeing it?" box under it.
1
Add a prop-firm account
Choose Prop firm as the type.
- Open Accounts → Add account.
- Under Type, choose Prop firm (challenge or funded).
- Name it so you can tell it apart, and save.
Not seeing it?
I can't see the prop option. Check you chose Add account, not an existing account. The Type list has Prop firm.
2
Set its rules from the firm's published rules
Copy the current rules, then check them.
- On the account's page, enter the Firm, Account size and dates, and Status.
- Enter the rule fields you use: Daily loss limit, Max drawdown, Profit target, Drawdown type, Consistency and Minimum trading days.
- Leave a field blank if the rule does not apply. Blank means no rule.
The rules are recorded with this version of the rules. This does not establish which terms applied to older trades.
Not seeing it?
My numbers don't match the firm. Check the firm's published rules for this exact account type and stage. Rules change, and an old copy will differ.
3
Record your stage progress
Progress is recorded by you, not read from the firm.
- On the Prop firm overview, check the progress status for each account.
- When a stage ends, record its outcome yourself under Current stage's outcome.
- Set the Current stage's last trading day if the firm gives you one.
The overview shows what you recorded. It does not confirm the outcome with the firm.
Not seeing it?
The status is out of date. Update the outcome and last trading day on the account's page, then check the overview again.
4
Record the payments you received
Only money you actually received, or paid.
- On the overview, choose Record an actual payment.
- Enter the fees you have paid, and the payouts or refunds you have received.
- Check against your statement. Expected payouts do not belong here.
Net cash = payouts + refunds − fees. Currencies are never combined or converted, so each account keeps its own.
Not seeing it?
Net cash doesn't match my statement. Check each payment is entered once, in the right currency, and that expected payouts are not in the list.
5
Use the equity card
Your own equity checkpoints, not a live feed.
- Open the equity page for the account and choose New checkpoint.
- Record your equity at the time you choose. The card shows the latest 100 observations.
- Read it as your own record. It is not continuous monitoring, and not an official firm status.
The space between checkpoints is unknown. The card can't show what happened between two checkpoints.
Not seeing it?
The equity card is empty. No checkpoints are recorded yet. Choose New checkpoint and enter your equity.
Your safety nets
Three things to keep in mind.
1
Not connected to the firm
Trade updates come through your existing journal imports. Nothing is pulled from the firm.
2
Not an official status
The journal does not verify your account status with the firm.
3
Check the statement
Your firm's statement is the reference for cash and stages.
!
Your firm's rules come first
Read the firm's current written rules. The journal stores your copy and checks your numbers against it. It does not decide what the firm allows.
Risk warning: Prop-firm challenges and funded accounts carry rules and fees, and can end if a rule is broken. The journal records your own numbers and is not official firm status or investment advice. MetaTrader and MQL5 are trademarks of MetaQuotes Ltd.; PrecisionFX is not affiliated with or endorsed by MetaQuotes.