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  • Daily Loss Limit?

    Happy Sunday,

    I was browsing the internet this weekend and came across a topic where some traders were discussing have hard daily loss limits set up on their accounts. This is something that the broker can set up to a Traders account. i was wondering if Amp offered such a thing and if not i could set something similar up through my platform with Multicharts? Thank You

  • #2
    Great. Risk management is key aspect of trading. There are a few options, but to clarify...it would not be a hard stop...it would be a risk trigger that would send a market order to close all open positions and cancel all working orders. You will then be at the mercy of the current market conditions (such as liquidity, market volatility,etc...) to where the market order is filled.

    Are you interested in a specific $ loss trigger (such as $100) or a % of account balance loss trigger?

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    • #3
      Sorry for the late reply, I'm looking to see if there is a way to set a daily loss limit. I love Amp and don't want to have to leave just for this reason. Risk Management is very important in this field and I figured setting a daily loss limit would help in Trading. if this was possible through amp or multicharts, how would i set the limit to lets say around $300?/

      Thank You,
      Miguel

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      • #4
        Yes, you can set those hard monetary limits on the Rithmic Data Feed only.

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        • #5
          How long does it take for a reply? I emailed them this morning and havent' gotten a response.

          Thank You!

          Comment


          • #6
            We see a response sent to you Yesterday ‪09:41 am. We will resend now. Please check all your email inbox, including "marketing" just in case the email is being delivered in different email folder.

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            • #7
              Is this option still only available with the Rithmic Data Feed? Can it be done with CQG?

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              • #8
                Please contact us and we can put you in touch with trade desk that can assist in this matter https://www.ampfutures.com/contact-us/

                Comment

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