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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.

What are Risk Management Settings?
  1. Firstly preventing Strategy misfire through Signal Rules
  2. Secondly capping Max Loss/Max Profit per trade, and Capping Max Open Position per stock, also Time-based squareoff for intraday traders
  3. 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).