Trailing drawdown and consistency, enforced per account.
Daily loss is the starting point. MimikTrader also enforces trailing drawdown, profit give-back, green-day locks and consistency on each account. Applicable rules can flatten and lock that account without stopping the rest of the group.
Pro: $49.99/month · 7-day free trial · Cancel anytime
Built around your account rules
Go deeper than a daily loss limit.
Manage how much an account can lose, when to stop a profitable session and how much trading activity to allow. Combine the controls that fit each account’s balance, goals and requirements.
Daily and weekly limits
Set loss limits and profit targets for each account. Give a smaller evaluation a different stopping point from a funded account.
Drawdown controls
Configure trailing drawdown and profit-based give-back limits to suit the account you are trading.
Profit locks
Choose when a green-day lock arms and the profit floor it protects. The engine responds if session P&L retraces to that floor.
Consistency settings
Enter the percentage and profit figures that apply to your account. MimikTrader calculates a daily cap and an earlier action threshold using your safety margin.
Trading discipline
Set a daily opening-trade cap or a consecutive-loss lockout to put a defined stopping point on your session.
Account-level actions
Apply risk rules and locks per account. Rules can stop copying, lock an account or trigger flattening according to the rule and account state.
Use your firm’s current rules when configuring an account. MimikTrader acts on the settings you enter.
Consistency rule
Make consistency part of the session plan.
If your account has a best-day consistency requirement, enter its percentage and profit figures. MimikTrader calculates a daily cap, then uses your safety margin to set an earlier flatten-and-lock threshold. You can plan the session around a clear number.
Example
Example: a 30% consistency setting, $8,000 profit to date and a $2,100 best day. In rolling-profit mode, the calculated daily cap is about $3,429. A 10% margin puts the action threshold near $3,086. That is a trigger level; the final result still depends on market movement and execution.
- Set the consistency percentage for your own account
- Choose a profit-goal calculation or a rolling-profit calculation
- Add a 5–25% safety margin to move the action threshold below the cap
- Carry profit-to-date and best-day figures forward at the daily reset
- Use the planner to explore settings for your balance and goal
Included in Pro
Choose the controls that fit your accounts.
These controls are included in the $49.99/month Pro plan. Configure your daily, weekly, drawdown and consistency settings alongside the copier. See the pricing page and the cost-at-scale table.
Daily controls
Daily loss limit
Set a loss threshold using realized and open P&L. The engine can flatten and lock an exposed account when it detects the limit.
Daily profit target
Set a daily P&L target that triggers flattening and a session lock when reached on an exposed account.
Max trades per day
Limit daily opening trades. Reaching the cap can trigger flattening and a session lock if the account has exposure.
Green-day profit lock
Choose an activation level and a protected floor. Once armed, a retrace to the floor triggers the rule’s flatten-and-lock action.
Consecutive-loss lockout
Lock copying after your chosen number of consecutive losing trades. This rule does not flatten existing positions; manage any remaining exposure on that account.
Lock daily risk settings
Prevent yourself from loosening enabled daily rules until the next session reset. You can still tighten the limits.
Drawdown and consistency
Consistency rule
Calculate a daily cap from your configured percentage and profit figures, with a safety margin for the action threshold.
Trailing drawdown
Monitor the account against its configured drawdown allowance. A trailing-drawdown breach lock does not clear automatically.
Profit drawdown percentage
Limit open-loss give-back against the greater of daily realized profit and the configured trailing drawdown amount.
Scale drawdown with profit
Optionally widen the give-back allowance to 50% once daily realized profit reaches twice the configured trailing drawdown amount.
Weekly controls
Weekly loss limit
Set a loss threshold for cumulative weekly P&L. An applicable breach triggers flattening and a weekly lock.
Weekly profit target
Set a cumulative profit target for the week, with flattening and a weekly lock when the rule is triggered.
Account setup and manual controls
Cross-contract copying
Alongside your risk settings, configure supported micro/mini mapping for each follower. This is a sizing control included with Pro.
Timed account lock
Take a planned break of 1–48 hours. Applying the lock cancels working orders, requests flattening and blocks copying until it expires.
Rule actions differ. Some flatten and lock an exposed account; others lock copying or disable it while flat. Check the resulting account status and any remaining position after a rule is triggered.
How it works
From the settings you choose to the action the account takes.
The copier checks eligible orders, and the risk engine continues monitoring applicable account limits during the session.
Step 01
Set each account’s rules
Choose the limits, targets and lock settings that fit that account.
Step 02
Check copied orders
The copier checks the follower’s settings, risk rules and account state before routing eligible orders.
Step 03
Apply follower sizing
Eligible copied trades use that follower’s multiplier and supported contract mapping.
Step 04
Monitor the account
The engine uses live market and account updates, with recurring checks, to evaluate applicable limits.
Step 05
Act on the triggered rule
The action depends on the rule and account state: stop copying, lock the account or request flattening.
Step 06
Review the outcome
Check the account status and recorded risk events to understand what triggered the action.
Independent account rules
Different accounts can have different stopping points.
A smaller evaluation account may need to stop earlier than a larger funded account. Apply rules to each follower so an action on one account does not automatically stop the rest of the group.
Example
You run one leader and four followers. Follower 02 has a tighter daily loss limit. When its loss rule triggers, MimikTrader applies the action to Follower 02. The other followers remain eligible to copy if their own rules and account state allow it.
Auto-flatten and lock
Define when the account should stop.
For rules that flatten an exposed account, MimikTrader requests the close and applies the account lock. The lock prevents copying from resuming while it remains active.
- Request flattening for applicable risk breaches
- Apply the affected account’s lock
- Stop copied entries, closes and reductions while the lock is active
- Record the risk event for review
- Leave other eligible followers active
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.
Audit trail
Understand why an account stopped copying.
Review recorded breaches, flatten actions and account status changes. Use the activity history to investigate the triggered rule, then use the trading journal to review the session’s recorded trades.
Example account activity
Time
Account
Event
Rule
Action
09:42:18 CT
Account 03
Order filled
—
Recorded
10:18:03 CT
Account 03
Daily loss reached
Daily loss $1,000
Flatten
10:18:04 CT
Account 03
Position flattened
—
Locked
10:18:04 CT
Accounts 01–02, 04–05
Continuing copy
—
Active
FAQ
Choosing your risk settings
The depth of the account controls. Daily and weekly limits are included, then trailing drawdown, profit give-back, green-day locks, consistency settings, consecutive-loss lockouts and daily settings locks — per account. Pro includes this suite with the copier, journal and TradingView automation for $49.99/month. See the pricing page and cost-at-scale table for plan details.
Yes. Configure rules per account so evaluations, funded accounts and accounts with different balances can use different limits. A locked follower does not automatically stop other eligible followers in the copy group.
No. Actions depend on the rule and account state. Several P&L rules trigger flattening and a lock when the account has exposure. The consecutive-loss rule locks copying without flattening existing positions. Because the lock also skips copied closes and reductions, manage any remaining position directly on that account. A flat account may have copying disabled.
A risk-locked account skips copied closes and reductions as well as entries. If exposure remains, manage it directly through your broker or the account flatten control. Do not rely on a later leader close to exit a locked follower.
Enter your consistency percentage and profit figures. MimikTrader calculates a daily cap using goal or rolling-profit mode, then applies a safety margin to the action threshold. It uses your configured values; it does not import or certify your firm’s current rules.
Daily risk locks clear at the 5:00 PM CT session reset. Weekly locks clear at the Sunday 5:00 PM CT reset. Trailing-drawdown locks do not clear automatically, and timed manual locks expire at their configured time.
No. MimikTrader acts on the rules you configure using available market and account data. Fast moves, slippage, connection issues and broker execution can affect the outcome. Confirm your firm’s current rules and keep appropriate broker-side controls in place.
The full risk suite is included in Pro at $49.99/month, alongside unlimited broker connections and accounts, the copier, journal, reports and TradingView automation. Starter at $29/month includes copying and multiplier sizing without the risk suite.
Put your account rules into your trading setup.
Get the full risk suite with copying, journaling and TradingView automation for $49.99/month. Set up your accounts and explore the controls with a 7-day free trial.
Pro: $49.99/month · 7-day free trial · Cancel anytime