Skip to content

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
maxRisk number Yes 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) optional 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",
  "maxRisk": 0.01,
  "closePositions": true,
  "startTime": "2020-08-24T00:00:00.000Z"
}

Usages#