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Position Risk Management

Position Risk Management

Updated over 2 weeks ago

🎯 Risk Settings

Automated risk controls and stop-loss management

Interactive demonstration of trading platform functionality

Order Management

Position and order management workflow

Position Risk Management

Contents

Position Brackets

How to Position Brackets

Apply Position Bracket settings to close out the position if the Risk or Profit trigger is hit. To apply the Risk and Profit brackets, enter your Risk and/or Profit dollar-based values. Check the “Automatically apply Risk / Profit bracket to new Positions” box to activate the feature.

NOTE: Position Brackets are now enabled on a per-account basis. When setting and saving your Position Bracket settings, they will only apply to the account selected.

Stop Loss and Take Profit brackets can also be applied to open positions when the default brackets are not enabled. To do this, simply click the position indicator on the chart and drag it up or down to create a TP (Take Profit bracket) or SL (Stop Loss bracket).

Bracket Order Types

Risk Bracket Orders are entered as Stop Market Orders; they will execute once the set stop price is reached, ensuring the trade goes through but not at a guaranteed price.

Take Profit Orders are entered as Limit Orders; if the market price hits your limit price, the order is executed, guaranteeing the price but not the execution.

Lock-Out Customizations

Lock-Out

The Lock-Out feature is designed to help traders take control of their trading activity by locking themselves out of trading for a specified duration or trading session. This feature allows you to step away from the markets, maintain discipline, and manage risk effectively.

Risk Settings

Go to the "Risk Settings" tab under "Platform Settings" and locate the Set Lockout button (refer to the screenshot above for guidance).

Select Your Lock-Out Duration:

  • New York Session (7:00 AM - 4:00 PM CT)

  • London Session (2:00 AM - 11:00 AM CT)

  • Tokyo Session (6:00 PM - 3:00 AM CT)

  • Sydney Session (4:00 PM - 1:00 AM CT)

Choose from one of the following pre-defined options:

  • 15 minutes

  • 30 minutes

  • 1 hour

  • All day

Alternatively, create a Custom lock-out time by selecting the end time that suits your needs.

Lock Out

Custom Lock Out End Time

During the Lock-Out

While the Lock-Out is active:

  • Positions and Orders:

    • All open positions are liquidated, and pending orders are canceled immediately upon activation.

    • No new trades or modifications can be made.

  • Countdown Timer:

    • A timer at the top of the platform provides a real-time countdown of the remaining lock-out period.

Lock Out Timer

Ending the Lock-Out

  • The lock-out will automatically end when the selected duration or trading session expires.

  • Once the lock-out ends, full trading functionality will be restored.

Note: Lock-Outs cannot be canceled or reversed once they are activated, so make sure to select your timeframe carefully.

🎯 Position Monitoring

Active position tracking and risk management

Interactive demonstration of trading platform functionality

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