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MERIDIAN

Prop risk management

Built around the rules that end prop accounts

Evaluations are rarely lost to one bad idea. They are lost to a trailing floor that moved while you weren't looking, a good day handed back, two accounts in markets that move together, a release you forgot, and the trade after three losses. Meridian enforces each of these on your own PC, on every account, before an order goes out — not after the damage shows up in a report. Restarting NinjaTrader is not a way around any of it.

01 — Before the floor

Know your room before the trade, not after it

A trailing drawdown follows your best moment, not your balance. Meridian follows it the same way — the best price an open position reached, not a sample taken every few seconds — and turns it into the number you actually need: how far each position can go against you before the account is gone.

An evaluation account in the dashboard: room above the trailing floor, how many points each open position can move against it, and the profit target, trading days and consistency rule
Prop accounts — the trailing floor in dollars and in points for each open position, and where the floor goes if you take the profit or give it back.

The drawdown floor, enforced

All plans

Intraday trailing (open profit counts), end-of-day trailing, or a static floor — with the point where the floor stops trailing. Reach your buffer above it and the account is flattened and locked for the day.

Live trailing drawdown

Pro

Room to the floor in dollars, and in points for every open position, with the price at which each one would breach it. Plus the two answers that decide the next click: where the floor sits if you close now, and what is left if the open profit is given back.

Steps as the room shrinks

Pro

Choose the share of the drawdown left at which you are warned, at which new entries are halved, and at which the account goes to exits only. Each step tells you once as it tightens; closing a position is never blocked.

Daily loss and size limits

All plans

A daily loss limit and a cap on open contracts per account — an entry past the cap is cut to what fits — with the dashboard telling you, before you trade, how much more today can cost.

Firm presets that keep up

Pro

Start an account from a preset for the major firms. When a firm changes its rules and the preset is updated, every account set from the old numbers is flagged with exactly what changed — update it in one click, or keep yours.

A restart changes nothing

All plans

Peaks, locks and the day's numbers are kept on disk. Closing NinjaTrader at the floor and opening it again finds the account exactly as locked as it was.

02 — Keeping what you made

A good day is not handed back

The most expensive losses on a funded account come after it has done its job. These rules protect the balance you have already earned, and the shape of the profit the firm will judge.

Payout-zone lock

Pro

Name the balance to keep once the account reaches its payout zone. From then on that balance is the floor that matters: fall back to it and the copier flattens and locks the account, so a payout-eligible balance is never traded back below the line.

Consistency guard

Pro

Firms cap the share of your profit one day may make. Once today reaches that cap, the copier stops new entries for the day — or flattens and locks the account to bank it. Your choice, per account.

The evaluation, as a plan

Pro

Progress to the target, trading days against the firm's minimum, and the consistency rule checked every day — turned into a plan: how much more to make, how many days, the most any one day should make, and the earliest date you can pass.

03 — Across your accounts

Five accounts in four index futures is one position

Each account can look fine on its own while the desk as a whole is one oversized bet — or, worse, long on one account and short on another in the same index complex, which most firms treat as hedging.

Exposure caps across correlated markets

Pro

Group the markets that move together — NQ, ES, YM and RTY with their micros by default, or your own groups — and set a dollar cap per account, for the whole desk, or both. An entry past a cap is cut to what fits; exits always go through. The dashboard shows how full each cap is.

No counter positions

Pro

If your firm forbids hedging, refuse any order that would be long one market of a group while short another — on the same account, or across every account you run. An order that only closes still goes through, and a leader reversing its own copies is never mistaken for a hedge.

04 — Around the trade

The losses that have nothing to do with the setup

A stop resting at the broker

All plans

Set a maximum stop and every copied position carries it on the broker's side, so it is protected even if your PC, NinjaTrader or the internet goes down.

News protection

Pro

New entries held around high-impact releases for the window you set, or positions flattened before them, with a reminder ahead of each one.

Discipline rules

Pro

A pause after a losing streak, no sizing up after a loser, a cap on trades per day, and a weekly or monthly stop chosen while you were calm. Exits are never blocked.

A checklist before the open

All plans

Optionally, the copier won't start until you have written down the day's bias, maximum loss and plan. The answers go to the journal.

Every guard, before a signal is live

Pro

Paste a TradingView alert into the sandbox and see what each account would do with it — and which of these rules would cut or refuse it. Nothing is placed.

Copies that match their leader

All plans

Every follower is read back against its leader after each trade. A missed fill or a rejected order is corrected with the leader's stop and target attached, instead of leaving an account unprotected or off-side.

05 — When something breaks

Out of the market from wherever you are

Panic, from your phone

All plans

One confirmed action flattens every account and stops copying — from the dashboard in any browser, with no remote desktop and no NinjaTrader window.

Told within seconds

All plans

A push and an email when the copier goes offline, a risk limit is hit or an order is rejected — on every plan. Telegram, with commands to pause or flatten, comes with Pro.

Escalation mid-trade

Pro

If the copier drops while positions are open, an urgent alert goes out on every channel within 30 seconds, naming the accounts in the market, with an “I'm on it” button — and it goes out again if nobody answers.

06 — The business side

Prop trading is a business. Keep its books.

Prop Desk

Pro

Every evaluation fee and payout in one ledger, and what each funded account could withdraw and when.

Would it have passed?

Pro

Your real closed trades replayed through each firm's evaluation rules, with the largest size the strategy would have passed at — before you pay for the next evaluation.

Firms word their rules differently and change them. Meridian enforces the numbers you set for each account; confirm them against your firm's current terms. Each rule applies once you set it for an account, and a protection you have set keeps working whatever plan you are on.