Stay inside daily loss, drawdown, and account limits automatically.
MimikTrader helps futures prop firm traders enforce account-level rules across copied accounts in real time — daily loss, trailing drawdown, profit drawdown, and account locks.
- Per-account rule enforcement on every tick
- Auto-flatten and lock on breach
- One breach does not take down the rest of the group
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Why prop firm accounts fail
Most evaluation failures are rule failures, not analysis failures.
Prop firm traders do not only fail because of bad trade ideas. They fail because one account breaks a daily loss limit, trailing drawdown, or max contract rule — often while a copied trade is still moving across multiple accounts.
Manual tracking might work on a single account in a quiet session. It breaks the moment you scale to several accounts trading at the same time.
Common rules to monitor
The rules that decide whether an account survives the day.
Different firms use different rule sets, but the high-impact rules are remarkably consistent across the industry: daily loss limits, trailing drawdowns, profit-drawdown give-back rules, and max daily trade counts. MimikTrader is built around enforcing these rules per account (or per copy group, where the rule is naturally group-scoped).
- Daily loss limits — stop the account when it reaches the configured limit
- Trailing drawdown — checked on every tick of the live trade
- Profit drawdown — cap open-loss give-back against the day's profit base
- Max daily trades — stop overtrading before it compounds
- Account locks — block new copied trades after a breach
Manual vs automated
Manual tracking requires constant attention. Automated enforcement does not.
Tracking rules manually means watching daily P&L, drawdown distance, and contract counts in real time across every account at once. That is not a workflow — it is a second job.
MimikTrader checks every account against its own rules on every price tick. Pre-trade validation can block invalid orders before they reach the broker. If a rule is breached mid-trade, the affected account is flattened and locked. The rest of the copy group keeps running.
Multi-account rule differences
Each account runs its own rule profile.
Account size, firm, platform, and stage all change the rule set. A 50K Apex evaluation has different limits than a 100K Topstep funded account. A scaling account has a different drawdown logic than a static one.
MimikTrader lets every account run its own limits. Daily loss, drawdown, profit drawdown, and lock behavior are all configured per account — independent of every other account in the copy group.
In a live trade
What happens when one account breaks a rule?
One leader trade. Five follower accounts. One breach. Here is what MimikTrader does about it.
Copy group · 1 NQ contract leader trade
After breach event
Account
Firm / size
Status
Day P&L
Account 01
Apex 50K Eval
Active+$420
Account 02
Topstep 50K Funded
Active+$380
Account 03
MFFU 50K Eval
Locked-$1,000
Account 04
Bulenox 100K Eval
Active+$840
Account 05
Tradeify 50K Eval
Active+$420
Step 01
Trade copied across five accounts
You place a trade on the leader account. MimikTrader sends the correct order to each follower based on its copy settings.
Step 02
One account reaches its daily loss limit
Account 03 hits the configured daily loss threshold while the copied position is still live.
Step 03
MimikTrader flattens the affected account
The breached account is closed according to your configured flatten rule.
Step 04
The account is locked
New copied trades are blocked from entering that account until the lock is cleared.
Step 05
Other accounts keep running
Accounts 01, 02, 04, and 05 continue following the copy group because they did not breach their rules.
Step 06
The event is recorded
The fill, breach, flatten action, account lock, and timestamp are written to the trade record.
What MimikTrader enforces
- Pre-trade validation (block invalid orders before broker)
- Tick-level monitoring while trade is live
- Daily loss limits per account
- Trailing drawdown per account
- Profit drawdown protection (give-back cap)
- Max daily trades per account
- Auto-flatten on breach
- Account lock on breach
- Per-account isolation (one breach does not stop the others)
- Audit trail of every rule event
FAQ
Prop firm risk management — common questions
No. MimikTrader enforces the rules you configure, but you are responsible for confirming those rules and understanding broker, market, latency, and prop firm limitations. Software enforcement helps reduce avoidable rule breaches; it does not remove trading risk or guarantee prop firm compliance.
Yes. Daily loss, drawdown, profit drawdown, and lock behavior are all configured per account. Account profiles are independent.
Profit drawdown caps how much an open loss can give back against your profit base — the greater of the day's realized profit and your trailing drawdown amount. With $1,000 realized on the day and a 30% cap, an open loss over $300 flattens the account. If scale-with-profit is on, the cap rises to 50% once realized profit reaches 2× your trailing drawdown amount. Configurable per account.
Yes. Both. The same rule engine applies to evaluation accounts (where the goal is passing) and funded accounts (where the goal is staying funded). The rules are different per account; the enforcement layer is the same.
Risk monitoring uses real-time tick data rather than polling on an interval. When a rule is breached, the affected account is flattened and locked while the trade is still live, not after.
No. It adds a software control layer on top of broker and exchange behavior. Your broker, exchange, and prop firm rules still apply.
You can update each account's rule profile from your settings. Always verify your current prop firm rules and configure your limits correctly before trading.
Stop being the manual risk layer.
Configure each account's rules once. Let MimikTrader enforce them on every tick.
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