Quick Answer
For prop traders, the most important thing to check isn't a generic feature list — it's whether the journal tracks drawdown and loss limits the way your specific firm's rules actually define them (from starting balance vs. from peak balance, for example). Beyond that, the same general criteria apply: reliable trade sync if you trade MT5, and analytics that help you spot discipline issues before they cause a rule violation. Wrytics tracks drawdown and standard performance metrics, and works across as many prop firm accounts as you can log trades for, though it does not have firm-specific rule templates built in.
What Prop Trading Adds to the Checklist
- Drawdown calculated the way your specific firm defines it (starting balance vs. peak balance varies by firm)
- Visibility into daily loss versus your firm's daily limit
- The ability to separate evaluation-phase trades from funded-phase trades if you're tracking both
- Discipline-related patterns (overtrading, revenge trading) that put a rule violation at risk
- Support for tracking more than one prop firm account, if you trade multiple
Rules vary by firm
Prop firms differ on how they calculate drawdown and daily loss limits. No journal — Wrytics included — can substitute for reading your specific firm's rule document; a journal helps you monitor against those rules once you know them.
| Prop trader type | Priority to check |
|---|---|
| In an evaluation phase | Drawdown/daily-loss tracking that matches the evaluation rules specifically |
| Funded and being paid out | Consistent tracking over a longer history, plus discipline pattern visibility |
| Trading multiple firms or accounts | Ability to track more than one account without mixing the numbers |
| MT5-based prop firm | Automatic MT5 sync so evaluation trades aren't re-typed under time pressure |
Key Takeaways
- The main prop-trading-specific requirement is drawdown/loss tracking that matches your firm's actual rule definitions.
- General journal criteria (analytics, MT5 sync, ease of use) still apply on top of that.
- Wrytics tracks drawdown and standard performance metrics but doesn't have firm-specific rule templates.
- No journal replaces reading and understanding your specific prop firm's rules.
Where Wrytics Fits
Wrytics calculates drawdown, win rate, profit factor, and risk-to-reward from logged or MT5-synced trades, which prop traders can use to monitor their own performance against whatever their specific firm's rules require. It does not currently ship firm-specific rule templates (e.g. a built-in "FTMO ruleset" or similar) — traders track their own numbers against their firm's stated rules manually.