Free trader tools for prop firm challenges

Who these tools are for

Most traders on a challenge do not fail on strategy alone. They fail on sizing, a misread daily loss limit, or a trailing drawdown that moved closer than they thought. These tools show the numbers before you trade.

They are also for founders. If you run or plan a prop firm, the same math shows you how your rules feel from their side: how tight a 5% daily limit is on a busy day, how often a given strategy passes, and what a profit split means in rewards each month. To see the cost side of running a firm, use the launch cost calculator.

How to use them together

Before a trade

Start with the lot size calculator to size the position from your stop and your risk, or the trade planner to see the size, the reward and the effect on today's daily loss limit on one screen. The pip value and futures tick value calculators show what each move is worth. The margin and leverage calculator shows how much of your account the position ties up.

Before a challenge

Check your drawdown floors so you know exactly where each limit sits today. Run the pass probability simulation with your own win rate and risk to reward, and use the risk to reward calculator to find the win rate you need to break even.

While funded

The consistency rule checker tells you whether your best day is too large a share of your profit. The reward projection shows what a profit split means in money over a year.

Firms' rules differ

Every firm writes its own rules: how drawdown is measured, when the daily limit resets, what counts toward consistency. Results depend on the inputs you enter, and these tools give no financial advice, so check your own firm's rules before you rely on any number here.