Dashboard Features
Functionality You Will Love
10
Stop Out of Hours
This setting allows you to choose whether you close out of trades beyond a certain time. Some traders do not like holding trades overnight. This setting allows you to switch this operator on or off and also allows you to select when to close out. You can also select “AUTO”, where the technology will automatically accept whether it takes a loss or not (based on your day's profit) or holds the trade.
12
This setting is a hard stop on trades and drawdown. If you are in positions which take your account into your selected level of drawdown, once it hits your Total Equity Stop figure (50%, for example) then it will close out all positions at a loss of whatever figure you set. This should be considered as a fail-safe and last resort only - if your account hits this limit then it will be closed out at a loss.
11
Max Drawdown
The Max Drawdown setting selects a pre-set figure where your account will stop trading should that figure of drawdown be reached. If your account reaches your selected max drawdown point, it will remain in any open positions but will not trade again until it settles back below your max drawdown figure.
13
Max Trades Before Manual Takeover
This setting is the maximum number of trades your strategy will build in a position before stopping the process of automatically adding to them. The more trades you have, the larger your combined position will be, the more potential risk and losses you can occur in a shorter space of time. The default setting is 4 trades (“hedges”) before you would be required to manually increase this in order to trade again.