The Professional Alternative to a Prop Firm Tracking Spreadsheet
Managing multiple funded accounts using a manual prop firm tracking spreadsheet is prone to human error and significant delays. When you are juggling different challenge phases, profit targets, and strict drawdown rules across various platforms, a spreadsheet cannot provide the real-time visibility required to protect your capital.
DeckLive replaces manual logging with a cloud-hosted, real-time dashboard. By connecting your MT4 or MT5 accounts via investor password, you get an automated view of your balance, equity, and drawdown status without the need for a VPS or complex software installations.
Why not just use your prop firm's own dashboard?
- All your accounts on one screen, not one at a time
- Live updates every few seconds, not a manual refresh
- Telegram and email alerts before you breach a limit
- Each prop firm's rules (Daily DD, Max DD, Profit Target) pre-configured per account
Real-Time Monitoring vs. Manual Updates
Manual tracking requires you to constantly refresh your broker terminals and update your logs, which is time-consuming and often inaccurate during high volatility. DeckLive updates your data every few seconds via WebSocket, ensuring your dashboard always reflects the current state of your accounts.
Because DeckLive is cloud-hosted, you can monitor your performance from any device. You no longer need to keep your MT5 terminal open or worry about whether your spreadsheet formulas are calculating your floating P&L correctly.
Automated Prop Firm Rule Enforcement
Prop firms have strict rules regarding Daily Drawdown and Max Drawdown that can lead to an instant account failure if breached. Manually calculating these limits in a spreadsheet is risky, especially when you are focused on active trading.
DeckLive pre-loads your specific prop firm rules for each account. The system monitors your progress toward profit targets and drawdown limits automatically, providing you with a clear overview of how much room you have left before hitting a violation.
Proactive Alerts Before Breaches Occur
The biggest danger in trading funded accounts is missing a rule violation until it is too late. While a spreadsheet only shows you what has already happened, DeckLive is designed to keep you informed before a limit is breached.
The platform sends Telegram and email alerts as you approach your thresholds. This proactive approach allows you to adjust your risk management or pause trading before you inadvertently violate your prop firm's terms.
Secure Connection via Investor Password
Security is a primary concern for traders connecting third-party tools to their broker accounts. DeckLive connects exclusively via the broker investor password, which provides read-only access to your account data.
This means DeckLive cannot execute trades, withdraw funds, or change account settings. You do not need to install an EA or maintain a VPS, as the connection is handled entirely through our secure, cloud-based infrastructure.
Managing Multiple Accounts in One Place
Whether you are running multiple challenges or managing several funded accounts, keeping track of them individually is inefficient. DeckLive aggregates all your MT4 and MT5 accounts into a single, clean interface.
You can view your balance, equity, and floating P&L for every account on one screen. With support for English, Portuguese, and Spanish, DeckLive provides a professional-grade solution for traders who need to scale their operations without the administrative burden.
Frequently asked questions
How does DeckLive connect to my trading accounts?
DeckLive connects to your MT4 or MT5 accounts using your broker investor password. This is a read-only password that allows our dashboard to pull data like balance and equity without giving us the ability to execute trades or modify your account.
Do I need a VPS to use DeckLive?
No, you do not need a VPS, nor do you need to install any Expert Advisors (EA) or MetaQuotes software. DeckLive is entirely cloud-hosted, meaning it operates independently of your local trading terminal.
Can DeckLive track my prop firm's specific drawdown rules?
Yes. DeckLive allows you to pre-load the specific rules for your prop firm, including Daily Drawdown, Max Drawdown, and Profit Targets. The dashboard monitors these in real-time and sends alerts if you are approaching a limit.
Is DeckLive affiliated with the prop firms I use?
No, DeckLive is an independent service. We are not affiliated with any prop firm or MetaQuotes. Our goal is to provide a neutral, reliable dashboard for traders to track their own performance across multiple brokers.
Is there a trial available for new users?
Yes, we offer a 7-day free trial that allows you to connect up to 3 accounts. This gives you the opportunity to test the dashboard and see how it improves your workflow compared to manual tracking.
Data sources
The rules and limits cited on this page come from the official rules published by each prop firm (FTMO, FundedNext, The5ers, Funding Pips, The Funded Trader, E8, Topstep, Apex) and from the MetaTrader 4 and 5 platform documentation. The equity, balance, P&L and drawdown values shown in DeckLive are read in real time directly from your MT4/MT5 account — they are not estimates.