Risk management system
Risk limits on every order.
You decide how much you can lose in a session, how large an order can be and how many orders you can send. We check every order against those limits before it goes out, whether you place it or your strategy does.
Session loss limits.
You set a maximum loss for the whole account and separate limits for stocks, derivatives, crypto and currencies. You enter each one as an amount or as a percentage of your account.
Checks before every order.
Before an order goes out, we check its size, how many orders you have sent and how much money you already have in the market. If an order breaks a rule, we stop it.
A budget for each strategy.
Each automated strategy gets its own money and its own stop button. We never let two strategies trade the same symbol at the same time.
How a risk session works
You start a session.
When you start trading, you start a risk session. We track your profit and loss against every limit until you stop or reset it.
We use live prices.
We measure your loss with live prices, so the number moves as your open positions move.
We act at the limit.
When you reach a loss limit, we block new orders, cancel the orders still waiting and close your open positions.
You can always exit.
A limit never stops you from closing a position or making it smaller.
Your code follows the same rules.
We check orders from your custom strategies the same way we check the orders you place by hand.
We log every change.
We record every change to a limit, with what changed and when.