prop firm rule translator

The problem

Prop firm agreements are buried in dense legal jargon and complex mathematical constraints. Traders often fail evaluations or lose funded accounts simply because they misinterpreted a drawdown calculation or a news trading window.

What it does

• Converts complex drawdown logic into specific dollar-value high-water mark limits.
• Simplifies consistency rules into exact percentage caps for daily P/L.
• Maps out news trading blackout windows and instrument restrictions.
• Translates position sizing and scaling rules into maximum lot or risk per trade.
• Outlines payout schedules including minimums, buffers, and profit splits.

Why this beats prompting it yourself

General LLMs often hallucinate or overlook the critical distinction between balance-based and equity-based drawdown. This skill enforces a structured three-part breakdown for every rule, ensuring every constraint is translated into a binary, testable action for the trader.

Use cases

• Audit a new prop firm challenge agreement before paying for the evaluation.
• Verify consistency requirements for a funded account payout request.
• Check specific news trading restrictions for upcoming high-impact events.
• Calculate exact stop-loss dollar limits based on account scaling rules.

Known limitations

Does not perform currency conversions unless specifically requested. Requires the user to provide the source text of the rules.