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Account Protection Management
The Account Protection Management allows you to protect your account from further losses by setting
the max limit of drawdown on your account and it also allows you to lock in your desired profit on your
account. This is very helpful for risk management and also if you trade via prop firms.
Drawdown Loss Protection – this will protect you from high drawdown on your account.
Profit Protection – this will protect you from overtrading by locking in profits on your account.
The “Balance %” sets a max limit of drawdown/profit percentage based on your account balance.
The “Amount” sets a max limit that you are willing to profit / lose in your account’s currency. E.g., If you
set 500 points and the total profit / loss in points for all of your opened trades hits 500 points, then it
will trigger to close all orders.
The “Points” sets a max limit that you are willing to profit / lose in points. E.g., If you set 500 points and
the total profit / loss in points for all of your opened trades hits 500 points, then it will trigger to close all
orders.
The “Frequency” column is used by both drawdown and profit protection to determine when to reset
the protection. E.g., You can choose “Daily” to set your max limit drawdown / profit on a daily basis.
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