Risk Management (beta)

What Risk Management does

Risk Management lets you set a simple safety limit for a trading account. If the account crosses that limit during the day, AutoTrader Web sends you an email alert, so you can decide what to do next.

You set the limit. You get the warning. Every trading decision stays yours.

This is an early beta. Right now, Risk Management only sends alerts. It does not square off your positions or block your orders automatically. Use it as a warning while we build and test the feature.

What you can set

For each trading account you can set:

• Maximum daily loss — get an email alert if the account’s loss for the day crosses an amount you choose.
• Profit target — get an email alert if the account’s profit for the day reaches an amount you choose.

The limits use your account’s live profit and loss for the day.

How to set a limit

1. Sign in to AutoTrader Web.
2. Open Trading → Risk Mgmt from the menu.
3. Pick a live account from the list.
4. Enter your maximum daily loss and/or profit target.
5. Click Save.

That is all. If the account crosses a limit during the trading day, you get an email alert. You can change or remove a limit any time from the same screen, and you can also see recent alerts for the account there.

Why alerts only, for now

Broker data — like live profit and loss — can sometimes be delayed or briefly wrong. Acting on a wrong value could square off a good position by mistake. So during beta we alert you and let you decide, instead of acting automatically. As the feature matures, we plan to add optional automatic actions that you can turn on or off — always under your control.

Good to know

• Risk Management works with your live accounts.
• Set your limits carefully, and start with small amounts while the feature is in beta.
• Alerts are sent by email — make sure your email address is up to date in your profile.
• Risk Management never places or changes an order on its own. It only sends you a warning.

Have feedback on Risk Management? Tell us on our contact page — this feature is being shaped by user input.