Software to Limit Max Daily Loss?

[datamerc]

I currently use IB and am looking for software that will close any open positions once a predetermined loss for the day has been reached. NY0BScalper suggested Laser and I have tried ButtonTrader - any other suggestions or recommendations? Thanks!

 

[FanOfFridays]

Quote from datamerc:

I currently use IB and am looking for software that will close any open positions once a predetermined loss for the day has been reached. NY0BScalper suggested Laser and I have tried ButtonTrader - any other suggestions or recommendations? Thanks!

One thing's for sure - you already have the best hardware for the job. Another great thing is that the software you're looking for is freeware.

 

[maxpi]

I would love it if I could set a max loss for the day directly in TWS... that would be a watchdog in the case that something went wrong with the automation and it started tossing money away...