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ExpectancyIQ

For Prop & Funded Traders

Trading Journal for Prop & Funded Traders

Know your risk before your prop firm does — drawdown, daily loss limits, and consistency tracked against your account's actual rules, with a Forecast simulator and balance reconciliation built for evaluation and funded accounts.

What ExpectancyIQ does for prop and funded traders

Drawdown & daily loss limits, tracked automatically

Set your firm's trailing or end-of-day drawdown rule, daily loss limit, profit target, and consistency percentage once per account in Settings. The Risk & Prop report checks every trade against them and shows your distance to bust, so a rule violation shows up before it costs you an evaluation.

Forecast: your chance of passing

Bootstraps your own R-multiple history to estimate the probability of hitting your profit target, or breaching your drawdown limit, within your next N trades, from 1,000 simulated runs. That's the question an evaluation account actually needs answered, not a generic backtest. Forecast is part of Pro.

Verify your payout matches your ledger

A deposits/withdrawals ledger plus a running per-trade balance column let you bisect your journal's balance against your prop firm's own statement. A payout or reset shows up as exactly what it is, not an unexplained gap.

Native Topstep (TopstepX) import

Auto-detected CSV import from Topstep, alongside Tradovate, NinjaTrader, and cTrader — no manual column mapping needed for the platforms most funded futures accounts already run on.

Probability of ruin vs. hitting your target

Probability of ruin

4.2%
within 100 trades

Hits profit target

71.0%
within 100 trades
drawdown floor

Prop firm rules ExpectancyIQ tracks against

Every firm structures drawdown, daily loss, and consistency rules differently — and not just the dollar amounts: whether the drawdown floor is measured end-of-day or in real time intraday changes what actually counts as a breach (the prop firm drawdown calculator shows the floor under each rule, and the Monte Carlo simulation calculator shows your odds of hitting it). Set your firm's actual numbers once in Settings, and the Risk & Prop report checks every trade against them. Rules change and vary by account plan — treat the figures below as a starting point, current as of September 2026. Confirm the exact numbers for your specific plan on the firm's own site before an evaluation.

Apex Trader Funding

Futures

  • Trailing drawdown (Intraday or EOD Trailing), locks once it reaches $100 above starting balance
  • 50K account: $2,000 trailing drawdown (4%), no daily loss limit
  • No consistency rule during evaluation
  • 50K evaluation profit target: $5,000 (10%)
Topstep

Futures

  • 50K account: $2,000 end-of-day trailing Max Loss Limit, trails up with EOD balance and never back down
  • Optional Daily Loss Limit: $1,000 — a soft breach that flattens/blocks the rest of the session
  • Consistency Target: best single day capped at 55% of the profit target
  • 50K Combine profit target: $3,000
FTMO

Forex/CFD

  • Max drawdown: 10%, static from initial balance
  • Daily loss limit: 5% of starting-of-day balance
  • Profit target: 10% (Phase 1), 5% (Phase 2) on the standard 2-Step Challenge
FundedNext

Futures (Rapid Pro)

  • End-of-day trailing Max Loss Limit, locks once it reaches initial balance
  • No daily loss limit on Rapid Pro (the separate Rapid Daily plan has one instead)
  • Consistency rule: best single day capped at 40% of total profit — a breach raises the required profit target rather than failing the account outright
The5ers

Forex/CFD — The5ers runs several concurrent programs with different numbers; figures below are typical, confirm your specific plan

  • Profit target: typically 8–10%; drawdown model (static vs. trailing) varies by program
  • Daily loss limit: commonly 3% of end-of-day equity or balance, whichever is higher
  • Consistency rule: best single day capped at roughly 30–50% of total profit, depending on the program

Common questions from prop traders

What is the Forecast (risk simulator)?

The Forecast is a Monte Carlo-style projection tool built specifically for evaluation and funded accounts, where the real question isn't "will this strategy work eventually" but "will I survive the drawdown limit long enough to hit the profit target." It works by resampling — with replacement — your own account's historical R-multiples across 1,000 simulated future paths, rather than assuming a theoretical win rate or forecasting live market prices. From those simulated paths it reports your estimated probability of hitting your profit target, and your estimated probability of breaching your drawdown limit, within your next N trades. Because it's seeded deterministically from your own trade history, re-running it on the same data always reproduces the same result. It is the Forecast report, a Pro feature; the drawdown, daily-loss and consistency-rule tracking those accounts also need lives in the Risk & Prop report on every plan.

How do I check my balance matches my broker or prop firm?

The Trades table has a running "Balance" column showing your account balance after every trade, computed in that account's own currency — bisect it against a broker or prop-firm statement to find exactly where a discrepancy started. If the starting balance itself was wrong (e.g. it double-counted an initial deposit), Settings → Deposits & Withdrawals has an inline editor to correct it.

Can I track deposits and withdrawals?

Yes — each account has a deposits & withdrawals ledger in Settings. Recorded cash flows feed into your equity curve and header balance figure (so a deposit or payout shows up as what it actually is, not P&L), while win rate, expectancy, profit factor, and drawdown % stay a pure measure of trading skill, unaffected by money moving in or out.

What brokers and platforms can I import from?

Tradovate (completed trades or raw fills), NinjaTrader, cTrader, and Topstep (TopstepX) are natively supported with auto-detection, and MetaTrader traders upload the Detailed Statement saved from Account History (trades plus deposits and withdrawals) — and cTrader can skip the export entirely by connecting the account for automatic sync (paid plans). Generic CSV, Generic CSV (Entry/Exit + Side), and Generic CSV (Fills) cover everything else via manual column mapping — the Fills option FIFO-matches a raw executions/order-history export from any broker into closed trades, which is how a real Black Bull Markets forex/CFD account was imported without a dedicated integration.

Trading futures elsewhere too? See ExpectancyIQ for Futures Traders for FIFO fill matching and session-rollover mechanics. Trading a forex or CFD prop account? See ExpectancyIQ for Forex & CFD Traders for cTrader auto-sync. The trading dashboard shows how the imported results look on one screen, and the AI trade analyzer shows what the AI Coach writes about them.

For prop traders

See your own evaluation risk, not a generic estimate

Import your Topstep, Tradovate, NinjaTrader, or cTrader CSV and ExpectancyIQ computes drawdown, daily loss compliance, and your risk-of-ruin automatically.

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