Your live discipline monitor shows if there are any immediate concerns about your discipline and maintaining your trading rules.
Click on the sleep widget in the top right corner to see how your sleep the night previous is impacting your performance. The icon will be green for more than 7 hours, amber for 6-7 hours, and red for under 6 hours.
The discipline dial can be in one of 3 states:
Green means that everything is on track. You have not exceeded any of your limits, and you have no immediate danger.
Amber means that at least one of your rules is close to its threshold.
Red means that you are now in breach of a rule and therefore are trading in an undisciplined manner.
Thirdly we have today’s discipline score. Your goal should always be a discipline of 100%. As the day progresses it may be that you have some trades where you broke your rules, so being aware of your discipline score at all times is important.
We track your limits in real time. Amber means that you are close to a limit and Red means that you have exceeded a limit and are trading without discipline.
There are 4 situations where you will get an amber rating:
Getting within 5% of your daily limit.
Getting within 5% of a trade individual limit.
Opening a trade which brings you to your maximum allowed open positions.
Closing a losing trade that brings your total losing trades in a row to your limit.
Similarly there are 4 situations where you will get a red rating:
Exceeding your daily loss limit on your account.
Closing a losing trade which loses more than your acceptable trade loss limit
Opening a position when you are already at your maximum allowed number of open positions.
Closing a losing trade when in a losing streak, such that you have now exceeded your maximum losing streak limit.
See below a few examples of amber and red discipline. (better screenshots, and have a discipline score in them).
How your discipline score is calculated:
You start each day with 100%. You get penalized 10% for any one of the following infringements.
Opening a trade:
When your realized P&L for the day is greater than your daily loss limit.
When you have just closed a string of losing trades equal to your losing streak limit.
When you already have your target number of open positions already open.
Closing a trade:
When the trade is a losing trade and your loss exceeds your trade loss limit
Any one of the above infringements will each lose you 10% for the day. A second or more infringement will lose another 10%. The final 20% is related to your daily loss limit. If you break this limit by less than one trade loss, you will be penalized 10%. If however the excess loss is more than one trades worth you are penalized 20%.