You can set custom risk settings on the Tradovate platform to lock your account if certain limits are reached. If these limits are reached, your account will be locked until the end of the trading session. It will unlock each day between 4:00 - 5:00 PM CT.
The following risk settings can be adjusted: Daily Loss Limit, Weekly Loss Limit, Daily Profit Trigger, and Weekly Profit Trigger.
You can unlock your account at any time by increasing the limits you set or by disabling the feature entirely.
This feature is available on the web version only, not the downloadable version.
To adjust your risk settings, follow these steps:
Click Application Settings in the upper right-hand corner of your Tradovate platform
Under the Accounts tab, choose your account and click Risk Settings.
Enable one or more Risk Settings for the chosen account, then click Save.