Check your exact distance to breach
The free drawdown calculator shows your exact distance to breach. No signup.
Open the drawdown calculator →Figures reflect a common The5ers account at the time of writing. Firms revise rules often, so verify against the The5ers site before relying on them.
Merlin's gauges derive from closed trades. Your firm watches live equity including open positions.
MerlinTrade is independent trading-journal software and is not affiliated with, endorsed by, or sponsored by The5ers. All trademarks belong to their owners.
Track your The5ers rules from your trades.
Import your trades and Merlin computes your distance to every limit from your closed trades, and the Pre-Trade Check flags the trade that breaks your rules before you take it.
One click. No email, no card.