Strategy risk limit#
About#
You can configure trading to be stopped once total drawdown generated during specific period is exceeded. Can be specified either for balance or equity drawdown
Fields#
| Name | Type | Required | Description |
|---|---|---|---|
| type | string | Yes | restriction type. One of daily, monthly, or yearly |
| applyTo | string | Yes | account metric to apply limit to. One of balance, equity |
| maxAbsoluteRisk | number | max drawdown allowed, measured in account currency | |
| maxRelativeRisk | number | max drawdown allowed, expressed as a fraction of 1 | |
| closePositions | boolean | Yes | whether to force close positions when the risk is reached. If value is false then only the new trades will be halted, but existing ones will not be close |
| startTime | string(datetime) | time to start risk tracking from (in ISO format). All previous trades will be ignored. You can use this value to reset the filter after stopout event |
Example#
{
"type": "daily",
"applyTo": "balance",
"maxAbsoluteRisk": 0.05,
"maxRelativeRisk": 0.01,
"closePositions": true,
"startTime": "2020-08-24T00:00:00.000Z"
}