Risk Management

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

This section controls risk when using the Automatic Position Sizing mode (recommended)

• Automatic Position Sizing Mode

  • Enables this mode. If unchecked, the manual Risk Management mode and its settings discussed below will be used

• Display PNL

  • This will display the PNL for active positions

• Account Size

  • The balance of your account (if live), or the drawdown amount (if a prop firm account)

• Max Risk Per Trade

  • Value is a percent

  • Recommended max risk per trade is 3%

• Max Risk Per Day

  • Value is a percent

  • Recommended max risk per day is 10%

• Reward/Risk Ratio

  • Value is a whole number

  • This is a very important value and will be used to determine where your take profit will be (Fixed Take Profit Mode)

  • If you use a value of 5 and the risk of the zone if $150, then your take profit will be 5 times this at a price that will result in $750 in profit.

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This section controls risk when in manual mode

• Sim PNL Mode

  • Ignores max loss or max gains settings

• Order QTY

  • The number of contracts you want to trade

• Fixed Take Profit Target (currency)

  • 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

• Daily Max Gain

  • 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.

• Daily Max Loss

  • 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.