How Risk Lockouts Work
When your predefined daily loss limit or profit target is reached:
Immediate Lock: Trading will be locked immediately for the remainder of the session.
Liquidation: All open positions may be liquidated (depending on your specific settings).
No New Trades: You will be unable to place any new orders.
Expiration: The lockout is permanent for the day and cannot be removed early—it expires at 5:00 PM EST.
Configuring Your Risk Settings
You can apply a Global Policy that covers all your accounts by default, or customize risk settings for each individual account.
Access Risk Menu: Click on "Risk" in the left-hand side menu.
Create Settings: Click the red "Create" button to start a new risk policy.
Enable Management: Toggle on "Enable Risk Management" to automatically enforce your daily limits.
Set Daily Limits: Define your Max Daily Loss Amount and your Daily Profit Target.
Choose the Action: For each limit, choose what happens when it is hit:
Liquidate & Lock Settings: Closes all positions and locks the account until 5:00 PM EST.
Block New Orders Only: Prevents new entries but allows you to manage current positions.
Notify Only: Sends a warning message without restricting trade activity.
Save: Click Save to activate your policy.
Key Benefits
Prevent Overtrading: Stops the "revenge trading" cycle after a loss.
Protect Profits: Ensures you walk away with your gains after a successful session.
Enforce Discipline: Provides a hard stop that removes the emotional struggle of "just one more trade."
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