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Entries in Account Hard Drawdown (1)

Thursday
Mar142013

 


 
A detailed explanation for each setting within the Risk Management Settings Panel is described below. 
 
NOTE: The Risk Management Settings Panel applies only to Automated Trading. These settings do not apply to manual trades or overall account risk management. 
 
Drawdown Settings
  • When Account Soft Drawdown is selected, the automated trading system will stop placing orders for the remainder of the day if the net liquidating value of the account is lower by the percentage specified in the box by the user. For example, you have $25,000 unmargined in your account and you have the drawdown set to 1%, Prodigio will stop placing orders if your account value drops by $250.
     
  • When Account Hard Drawdown is selected, the automated trading system will stop placing orders for the remainder of the day and close all current positions at market price if the net liquidating value of the account is lower by the percentage specified in the box by the user. For example, you have $25,000 un-margined in your account and you have the drawdown set to 1%, Prodigio will stop placing orders and close all current positions at market if your account value drops by $250.