In this case I highly recommend this risk monitor and stats reporting assistant. This is the only app I use and it helped me to increase my profit a lot.
It controls risks at several accounts (not like a stop loss, it has more options) and makes advanced reports. So you always see where you lose and what to improve
To monitor, we have 1000s of way but to eliminate the dangers associated with leverage trading what you have? We cannot simply go forward it is a high risk -high reward way of trading. Because, in my opinion leverage trading is kind of unnecessary risk in the greed of high profits when we have sport trading for decent profits with low risk and more importantly with guaranteed peace of mind.
Alerts or reports or any kind of thing will not save you when market do a reverse. When market is complete unpredictable we must need some cushion to wait which is the exact thing leverage trading is not providing. No one could predict exact turning points to enter and to exit and when this is true, it is always highly recommended to stay away from leverage trading regardless of how advanced tools or apps are equipped with.