Daily risk limits - If account loses x% or x$ then trading functionality stops for x time
Daily risk limits - If account loses x% or x$ then trading functionality stops for x time
25 Mar 2014, 07:00
Ability to set predefined daily trading loss limits which will allow individual traders to operate more like a trading firm and limit losses from bad days when bad psychology is in play and protect capital.
If account balance losses = or exceed x% of account balance or x$ during the trading day or session (trading day/session to be defined by trader in settings). Then the trading functionality will automatically stop and shut out the trader until the next trading day/session.
There would also need to be a set period of time from when the settings are changed until they take effect (to stop traders over riding when desperate) maybe the next trading day it takes effect or 24 hours later.
Replies
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kricka
12 Mar 2015, 23:36
This feature would be very handy. Though it has to be in the core of cTrader and cAlgo, placed directly on the main trading server. It can be coded as a cBot but what happens if the VPS goes down running the cBot? I am all for having at least an account protection in percentage and second in "value" directly on the Spotware trading server.
@kricka