Risk Management

Is the main section of options that controls all of your risk management, including order qty, trailing stop, padding and more.

All options within risk management

• Trailing Stop Options

  

  Offers three different modes for trading

• No Trailing Stop FTP (fixed take profti) and related settings

  • This does not use a trailing stop at all and will always trade with a fixed take profit, based on your risk management settings

  • Profit Target

    • The value entered is the amount in currency you want to make for your take profit

    • The order qty is factored into where this profit target order is placed

  • Order QTY

    • The number of contracts you want to trade

  • Take profit at opposing zone (recommended way to trade fixed take profit)

    • This is a very powerful way to trade and will intelligently place the the take profit at the nearest opposing zone to your trade.

    • For example, if you took a trade on a demand zone, you are going long. When your entry is filled at the demand zone, your take profit will be placed at the nearest supply zone, above the current price.

• Trailing Stop Incremental

  • This will not use any take profit and will trail the current price based on an incremental value

  • The incremental value is the amount the price needs to move in currency before the stop will move. Based on the risk of the zone (e.g $200 zone risk) means the stop will move in $200 increments.

  • Trailing Stop Incremental Multiplier will allow you to set the distance the stop will maintain always between the current price.

    • For example, if you set the multiplier to 4 and the zone risk amount is $200, this means that the stop will not start moving until price has reached at least $800 gap (multiplier of 4 times zone risk of $200), between the stop. The stop will increment down by the zone risk amount ($200, always maintaining a distance of $800 between the current price.

• Trailing Stop Zones

  • This is a very powerful way of trading and is the recommended way to trade if you are using a trailing stop

  • The stop will not move until a new zone is formed.

  • The stop will be placed at the low of the new demand zone or high of the new supply zone

  • For example, if you are going long on a demand zone and price starts moving upwards, the stop will remain in place until a new demand zone is formed above your current filled market position. The stop will then move below the low of the new demand zone, locking in gains and moving to a safe position that is less likely to result in you being stopped out, as zones act as support and resistance areas in this situation.

    • The opposite example will occur when going short and the stop will move down only when new supply zone is formed below your current filled market position

• Entry Padding in Ticks

  • Value is in ticks

  • This setting controls the amount in ticks that you wish to have your order entry price set at above a demand zone or below a supply zone

• Max Gain For Account

  • Value is in currency

  • Provides a limit to the amount you wish to gain and will stop trading once your account reaches this amount

• Max Loss Per Trade

  • Value is in currency

  • Restricts which zones will be traded on based on your max loss setting

  • For example, if your max loss if $250 and a zone is drawn with a risk amount of ($300), this exceeds your risk amount per trade and no trade will be taken at this zone.

• Max Loss For Account

  • Value is in currency

  • This will stop trading once your account traded in by your strategy exceeds the max loss value

  • Warning: We don't recommend you 100% rely on this setting to stop you from loosing more than inputted amount. We highly recommend you have a failsafe max loss method set up directly within your broker. Most brokers have a way to setup a max loss per day setting.