The brakes. They exist so a bad day does not become a bad month, and so a channel that goes haywire does not take the account with it.
When the day's loss reaches the percentage you set, something happens. You choose what: pause and open nothing more until the next day, close everything, or close only what is losing.
This is the most important brake. If you trade a prop firm account, set it below the limit the firm requires, not equal to it: between calculating and executing, price moves.
There is also a daily target: once reached, nothing more is opened. Winning and then carrying on opening is how a good day gets handed back.
Four separate caps, and they work together:
They stop a busy morning leaving you with fifteen open trades and your margin at the edge.
If the spread at the moment of opening is wider than your configuration tolerates, nothing opens. It matters most at the open and around news, when the spread blows out and an entry costs dearly without it showing.
What to do when a gold buy arrives while a sell is live: block the new one, allow both, or close the previous one. It comes set to block.
Days and hours when trading is allowed. Useful for staying out of the open, for skipping the weekend in crypto, or for not trading while you sleep if the channel posts at night.
It is defined in your time zone, the one set in the app.
Checks that discard an absurd signal before it reaches your account: that the stop is on the correct side, that the distance is plausible for that instrument, that the targets are in order.
They can be switched off, at your own responsibility. Do not switch them off if you do not know exactly what you are removing.
It is always written down, with the reason, in the channel's history. A signal is never discarded in silence.
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