Free Tool
Strategy Readiness Checker — See If Your Setup Can Pass a Prop Firm Eval
Enter your strategy stats and see whether your approach can realistically pass a prop firm evaluation — expected daily P&L, days to profit target, worst-case daily loss, and whether that loss risks breaching your firm's daily limit.
How to interpret the results
Expected Daily P&L is the mathematical expectancy of the strategy per day — win rate times average win, minus loss rate times average loss, multiplied by trades per day. It's what the strategy should earn on an average session going by its historical stats; it says nothing about variance, so some days will run well ahead of it and some well behind.
Days to Profit Target divides the target by expected daily P&L — the theoretical number of trading days to finish the evaluation at average performance. Expect more variance in practice: a hot week compresses this number, a cold one stretches it.
Max Possible Daily Loss is the worst case for one session — every trade that day loses, so it's trades per day times average loss. This is the number that matters most: if it clears the firm's daily limit, a single unlucky session can end the evaluation even with a profitable strategy on average.
Daily Limit Status compares that worst-case loss against the selected firm and account size's daily limit. "Safe" means the worst single session can't clear the limit. "At Risk" means it can — a signal that the strategy needs a daily kill switch set well inside the limit, or smaller position sizing.
What to do if your strategy fails the checker
A "Needs Adjustment" or "High Risk" result usually comes down to one of these:
- Max daily loss too high: trade fewer contracts, add a daily kill switch set well inside the firm's hard limit, or cut trade count with a stricter signal filter.
- Negative expected daily P&L: the strategy loses on average — no amount of risk management fixes a negative-expectancy edge. A strategy audit can help find where it's leaking.
- Days to target over 45: the strategy may be too conservative for a timed evaluation window. Either size up carefully without breaching daily limits, or pick a firm with no time limit (Apex has none).
This tool runs a statistical analysis on the inputs you provide. Live evaluation results also depend on execution quality, slippage, spread, and every other firm rule — not just the metrics checked here. A pass here isn't a guarantee.