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Propcockpit for MetaTrader 5
Today Propcockpit connects to cTrader. Support for MetaTrader 5 is planned, and there is no date for it. If you trade a prop-firm account on MT5, leave an address here and you will get one message: the one that says it is ready.
What it will be
The same cockpit, in front of an MT5 account: a chart, an order ticket that sizes each order from a risk per trade, and a rule check that runs on every order placed through Propcockpit before the broker sees it, against the daily loss, the maximum loss and a cap per order, with the stop carried to the broker. On a paid plan the order that does not fit is refused; on the free plan the same check is shown as an advisory. An order placed directly in MetaTrader 5 is read and counted, not intercepted. The walkthrough shows the five screens as they are on cTrader today.
How the connection to MetaTrader 5 is made, and what it can and cannot see, is the work that has not been done yet. That is why there is no date, and why nothing on this page promises one.
What works for an MT5 account today
Everything on this site that is about a firm’s rules rather than about a platform. The numbers come from your account, whichever platform shows them.
- Position size calculator, daily loss calculator and challenge calculator, among the free calculators.
- The firm rule pages: each firm’s daily loss, maximum loss and reset, with the source and the date it was checked.
- The questions traders ask with a position open, and the glossary.
- Prop-firm risk management, the guide to the two lines, sizing by risk and what a risk manager does, written for any platform.