Setting Up Prop Accounts in Tradapt

Using Tradapt for Prop Firm Management

The Accounts section in Tradapt is designed to handle the multi-account complexity of prop trading. Here's how to set up your challenge and funded accounts correctly.

Creating a Challenge Account

Navigate to Accounts in the app sidebar. Click Add Account.

Fill in:

• Name: Use a descriptive name that includes the firm and phase. E.g., "FTMO $100K Phase 1" or "Apex NQ Challenge Jan 26"
• Starting Balance: The full face value of the challenge account
• Account Type: Select "Prop Firm Challenge"
• Broker: The prop firm name
• Notes: Add the key rules — daily drawdown %, max drawdown %, profit target, minimum trading days

Tracking Daily Drawdown Manually

Create a daily journal entry for each prop account that includes:

• Opening balance for the day
• Daily drawdown limit (calculated as $ amount)
• Current P&L vs. limit
• Whether you're within safe range

Example entry:

"Day 14 FTMO challenge. Account: $101,450. Daily drawdown limit: $99,925 (5% from account high of $102,000 at Friday close). Current session: +$340. Safe for the day."

Logging Trades to the Correct Account

When adding a trade in the trade form, make sure to select the correct account from the account dropdown. This keeps your challenge P&L separate from your personal or other accounts.

Tracking Progress Toward Profit Target

Tradapt displays cumulative P&L per account on the Dashboard. Set up a simple goal in your notes field:

• "Profit target: $8,000 (8%). Current: $2,340 (2.34% complete)."

Update this in your weekly journal entry.

When You Pass to a Funded Account

When you pass Phase 1 and 2 and receive a funded account, create a new account in Tradapt:

• "FTMO $100K Funded — Live"
• Reset starting balance to the funded amount
• Archive or rename the challenge accounts

This gives you a clean performance record from the start of funding.