Risk Management lets you stop trading after reaching predefined daily or monthly performance limits.
It includes two groups: Daily risk and Monthly risk.
Daily Risk | Max profit
| Parameter | Description |
|---|---|
| Is Enabled | Turns the daily max profit limit on or off. |
| Performance unit | Defines the unit used to measure the daily max profit limit. Currency Percent Pips Ticks |
| Value | Defines the maximum daily profit allowed in the selected performance unit. Once this limit is reached, the strategy stops opening new trades for the rest of the day. |
Daily Risk | Max loss
| Parameter | Description |
|---|---|
| Is Enabled | Turns the daily max loss limit on or off. |
| Performance unit | Defines the unit used to measure the daily max profit limit. Currency Percent Pips Ticks |
| Value | Defines the maximum daily loss allowed in the selected performance unit. Once this limit is reached, the strategy stops opening new trades for the rest of the day. |
Daily Risk | Risk/Reward
| Parameter | Description |
|---|---|
| Check limits on position reversal | Controls whether daily risk limits are checked when the strategy reverses a position and passes through flat. This is mainly relevant for strategies that work without Stop Loss and Profit Target and reverse directly from long to short or from short to long. When enabled, the strategy checks daily limits at the reversal point before opening the new position. When disabled, the reversal can proceed without that extra check. |
Monthly Risk
Monthly Risk follows the same structure and behavior as Daily Risk, but applies the configured limits at the monthly level.