This thread is intended to discuss trading platforms that offer useful risk management tools in their trading platform. Most I have seen offer nothing.
- Screening out erroneous order and price entries according to parameters that you set.
- Ability to cap position sizes in each pair.
- Ability to suspend trading on a given day if certain drawdown or retracement from high water mark is hit
... things that a real desk would offer their traders to make them perform better. I understand that one can develop their own risk management tools, but it should be built into the trading platform as well. There is a reason why racing cars have a button that the driver can press to keep under the pit speed limit as opposed to making sure they do it manually, etc., etc., etc...
Any 3rd part software tips would be helpful too.
Thanks.
- Screening out erroneous order and price entries according to parameters that you set.
- Ability to cap position sizes in each pair.
- Ability to suspend trading on a given day if certain drawdown or retracement from high water mark is hit
... things that a real desk would offer their traders to make them perform better. I understand that one can develop their own risk management tools, but it should be built into the trading platform as well. There is a reason why racing cars have a button that the driver can press to keep under the pit speed limit as opposed to making sure they do it manually, etc., etc., etc...
Any 3rd part software tips would be helpful too.
Thanks.
