Risk Management Settings :
APIBridge allows Risk Management at 3 different levels. You can also check out the below image for your reference where you will be able to see risk management settings.
- Firstly preventing Strategy misfire through Signal Rules
- Secondly capping Max Loss/Max Profit per trade, and Capping Max Open Position per stock, also Time-based squareoff for intraday traders
- Thirdly MaxOrderPerMinute, MaxTradesPerDay, MaxSymPos, Daily Max Loss
MaxOrderPerMinute: The maximum Signals which it will allow per minute. Although by ignoring signals which exceed per minute interval, the Bridge limits the orders which can be placed per minute.
MaxTradesPerDay: The maximum LE/SE signals that will be processed per day. LX/SX signals which are used only to exit a position are not counted in the Max Trades limit.
MaxSymPos: The maximum symbols (stocks) in which the bridge will create positions for the particular strategy.
Daily Max Loss: If Realized MTM loss is greater than this limit, It will ignore new LE/SE signals. Note this limit is NOT based on Unrealized MTM. This feature uses Cumulative P/L values from TradeHistory and is currently under Beta mode.
Note that Daily Max Loss does not work on live (unrealized) PnL. It works on PnL from closed trades (realized MTM).
I am using API BRIDGE through Fyers…
I can say you missed one important feature .. DAILY MAXIMUM PROFIT..
I really need this feature..this is the main feature required for algo trading!
Please add this feature as early as possible!