Account Protector

[Tonywong131]

Yes, if you want conditions based on the daily PnL as % of equity, then you need to set it up via global snapshots and a second AP instance.

I hope you can consider put equity balance at 00:00 as a default option like account balance at 00:00 in the future balance, so that can do everything in one AP instance. Thank you.

 

[lm5trader]

Looking to use on a prop challenge, trying to implement a ‘daily loss’ stop loss. Confusing which setting whether ‘>=‘ or ‘<=‘ and whether ‘+/-‘ value .

My understanding would be for a daily $2000 loss stop loss (Daily loss is less than Minus 2k);

‘Daily profit/ loss <= currency unit”
-$2000

Could someone please confirm?

 

[Enivid]

Looking to use on a prop challenge, trying to implement a ‘daily loss’ stop loss. Confusing which setting whether ‘>=‘ or ‘<=‘ and whether ‘+/-‘ value .

My understanding would be for a daily $2000 loss stop loss (Daily loss is less than Minus 2k);

‘Daily profit/ loss <= currency unit”
-$2000

Could someone please confirm?

Yes, that's correct. Nevertheless, I recommend always to test any setup on a demo account first.

 

[lm5trader]

Yes, that's correct. Nevertheless, I recommend always to test any setup on a demo account first.

Thanks for your quick reply. Does daily loss include floating loss plus closed trades?

 

[Enivid]

Thanks for your quick reply. Does daily loss include floating loss plus closed trades?

Please read at least the last few pages of this thread. This has been asked several times already.