Risk Settings:
1.Position Risk / Profit Brackets
Risk (Stop-Loss) and Profit (Take-Profit) bracket orders help manage your trades by automatically closing positions when preset loss or profit levels are reached. This safeguards your capital and locks in gains without manual intervention.
How to Apply Risk / Profit Brackets
Enter your Risk and/or Profit dollar values.
Check the box for “Automatically apply Risk / Profit bracket to new Positions” to enable this feature for all accounts by default.
Applying Brackets to Open Positions
If default brackets aren’t enabled, you can still add brackets to open positions by:
Clicking the position indicator on the chart.
Dragging it up or down to set a Take Profit (TP) or Stop Loss (SL) bracket.
Bracket Order Types
Risk Brackets are placed as Stop Market Orders. These execute once the stop price is hit, guaranteeing execution but not the exact price.
Take Profit Brackets are placed as Limit Orders, which guarantee the price but not the execution when the limit price is reached.
2.Personal Daily Loss Limit
A Personal Daily Loss Limit (PDLL) is a risk management tool that caps the maximum financial loss allowed in a single trading day. It helps protect your capital by enforcing disciplined trading and minimizing large losses.
How to Enable a Personal Daily Loss Limit
Enter your desired PDLL value (loss threshold).
Select a PDLL Action:
Do Nothing: Disables the PDLL feature.
Liquidate: Automatically closes all positions once the PDLL is reached, then resets to Do Nothing.
Liquidate and Block: Closes all positions and blocks trading for the rest of the day once the PDLL is reached.
Tracking Your PDLL
Once enabled, a PDLL gauge appears in your platform header, showing your real-time net profit and loss against your loss limit to help you monitor daily performance.
⚠️ Important: If the account is liquidated and blocked, this cannot be reversed until the next trading day.
This feature encourages breaks from trading and promotes disciplined risk management.
3.Personal Daily Profit Target
The Personal Daily Profit Target (PDPT) allows you to define a maximum profit threshold for the day. Once reached, it helps you secure gains and avoid giving back profits due to overtrading or emotional decision-making.
How to Enable a Personal Daily Profit Target
Enter your PDPT value (your profit goal).
Choose a PDPT Action:
Do Nothing – Disables PDPT.
Liquidate – Automatically closes all positions once the profit target is hit. Action resets to Do Nothing.
Liquidate and Block – Closes all positions and blocks trading until the next trading day once the target is reached.
Tracking Your PDPT
Once enabled, a PDPT gauge will appear in the platform header. It tracks your real-time net P&L against your set target, helping you stay aware of your progress throughout the day.
⚠️ Important: If the account is liquidated and blocked, this cannot be reversed until the next trading day.
The feature encourages structured breaks from trading and helps maintain consistency.
Symbol Block
Symbol Block is a risk control tool that allows you to block trading activity for selected symbols in your account. Once blocked, no orders can be placed for that symbol until you choose to manually remove the block.
How to Block a Symbol
Navigate to your Account Risk Settings.
Scroll to the Symbol Blocks section.
Click the dropdown to select or search for the symbol (e.g.,
/ESfor the S&P 500 E-mini).Click “Add Block”.
Click “Save” to apply your changes.
The blocked symbol will now be listed under Current Symbol Blocks, preventing any trades on that instrument until it is unblocked.
Trade Limits
The Trade Limits feature helps traders manage risk and maintain discipline by capping the number of trades that can be executed per day or per week. Once the limit is reached, the platform blocks the creation of new positions and orders.
How to Set Trade Limits
Go to Risk Settings from the main Settings menu.
Find the Trade Limits section.
Enter your desired values:
Maximum Trades per Day
Maximum Trades per Week
Click “Save” to apply your limits.
Example:
Maximum Trades per Day: 10
Maximum Trades per Week: 50
What Happens When Limits Are Reached
You’ll be blocked from placing new trades once your daily or weekly limit is hit.
Open positions can still be managed with Take Profit, Stop Loss, Breakeven, or Flatten All/Cancel All actions.
A countdown shows your remaining trades.
A Lock-Out Timer will appear in the platform header.
Notifications will alert you when a limit is reached.
Note: Limits cannot be reversed once triggered—they remain in effect until the next applicable period.
⚠️ WARNING: Trade Limits are ignored on Follower Accounts when included in the Trade Copier.
Locked Risk Settings
The Lock Risk Settings feature allows you to secure key risk management parameters for the remainder of the trading day. Once locked, these settings cannot be adjusted until the next trading session begins at 5 PM CT.
This feature helps enforce consistency and prevents emotional changes to your risk plan mid-session.
Risk Tools Affected by the Lock
When the Risk Settings Lock is active, the following tools are frozen:
Personal Daily Loss Limit (PDLL)
Personal Daily Profit Target (PDPT)
Daily/Weekly Trade Limits
You can still modify:
Default Brackets
Personal Lockout Feature
How to Enable Risk Settings Lock
Go to the Risk Settings section on the platform.
Scroll to the bottom and click “Lock Out Risk Settings For Day.”
A confirmation modal will appear showing which tools will be locked.
Click “YES, LOCK FOR TODAY” to confirm.
Once confirmed, all locked settings will remain unchanged until the next trading day at 6 PM ET.
Important Notes
Irreversible for the Day: Once enabled, locked settings cannot be changed until the next session.
Plan Ahead: Set your risk levels before locking in for the day.
Stay Disciplined: This tool supports consistent, emotionally neutral trading.
Trade Clock
The Trade Clock helps traders avoid overtrading by temporarily blocking new order entries tied to active positions. During this period, you can still manage, modify, or close open trades, but cannot add new ones.
This tool supports structured decision-making and reinforces a disciplined trading routine.
What the Trade Clock Does
When active, the Trade Clock:
Prevents new orders (no new entries)
Allows stop-loss/take-profit adjustments
Lets you flatten or exit open positions
Enables order cancellations
Offers preset or custom lock durations
How to Enable the Trade Clock
The Trade Clock can only be activated when there is at least one open position or working order.
Go to Platform Settings
Navigate to the “Risk Settings” tab.Set a Timer
Choose a duration (e.g., 1 min, 2 min, 5 min, 10 min, or a custom time).Click “Enable Trade Clock”
A confirmation window will appear summarizing the lock period and restrictions.Confirm Activation
Click “Enable Trade Clock” again to finalize.
While the Trade Clock is Active
You cannot add new positions or open new orders.
You can:
Modify stop-loss and take-profit orders
Exit or flatten open trades
Cancel pending orders
Important Notes
The Trade Clock cannot be turned off once enabled. It remains active for the full selected time or until all positions/orders are closed or canceled.
A confirmation warning ensures you're aware of the limitations before activation.
If no active trades or orders exist, you cannot enable the Trade Clock.
Content and resources provided by DayTraders.com, including simulated trading environments, are for educational purposes only. We do not offer real-money trading accounts, and no actual funds are deposited with or traded through our platform. Past performance is not necessarily indicative of future results.Services are exclusively for non-professional traders.