Server Based Profit/Loss Management

Introduction

The Server Based Profit/Loss Management functionality is available with the Simulated Futures Trading Service.

With this Profit/Loss Management feature, you are able to set rules for flattening/closing the Positions for a specific Trade Account based upon reaching profit targets, along with optional trailing rules, reaching a loss limit, and/or closing positions at a specific time.

The Profit/Loss management functionality can be used for overnight trading. It works on a 24 hour cycle starting at approximately 17:30:00 Eastern time to 17:29:59 Eastern time in the following day. It resets at 17:30:00 Eastern time. If you are carrying a multi-day position, the open profit/loss of that Position is fully considered, towards the profit or loss settings of the Server Based Profit/Loss Management.

Instructions

Follow the instructions below to use the Server Based Profit/Loss Management.

1. First it must be understood that this functionality only works with the Simulated Futures Trading service.
2. Edit your trading account following the Edit Trade Account instructions.
3. Select the User Profit/Loss Management tab.
4. Set the settings as you require. Refer to this video.
5. Commit the settings by using the Commit this Tab button located on the User Profit/Loss Management tab. Do not use the Commit button at the bottom of the window.