Was curious to know whether any of you have the programing wherewithal to develop
stop loss based on a chosen dollar value loss in ninja trader, tt Trader or Pats
For example, if I wanted to risk $500 or 5% on equity and once my trade
positions hit the dollar or percentage level all trades are automatically stoped out. And no
matter what trades are subsequently executed they too are automatically
and immediately blown out since the maximum day level risk has been hit.
Trading will commence only when a new day starts or when the clearing firm broker
resets a new day equity run into Ninja Trader, or whatever other plaform.
Let me know if this is possible.
lastly, is it possible to construct a password protected security measure
that would enable the risk manager to reset the trading software to allow new trades.
My goal is to develop a program that will force traders out when losses are hit
and there is no possibility from their computers to open new trade positions.
Thank you kindly,
stop loss based on a chosen dollar value loss in ninja trader, tt Trader or Pats
For example, if I wanted to risk $500 or 5% on equity and once my trade
positions hit the dollar or percentage level all trades are automatically stoped out. And no
matter what trades are subsequently executed they too are automatically
and immediately blown out since the maximum day level risk has been hit.
Trading will commence only when a new day starts or when the clearing firm broker
resets a new day equity run into Ninja Trader, or whatever other plaform.
Let me know if this is possible.
lastly, is it possible to construct a password protected security measure
that would enable the risk manager to reset the trading software to allow new trades.
My goal is to develop a program that will force traders out when losses are hit
and there is no possibility from their computers to open new trade positions.
Thank you kindly,
