Universal Stop Loss?

[timmbbo]

Hi there, is it possible to implement an account-wide stop loss?


Say I have ten strategies running, each with a $1000 stop loss. On a bad day, that means I could loose $10K. I'd like to be able to set up an account wide stop loss, such that if I draw down $5000, then all of my ten strategies halt.

Possible? Thanks,

[NinjaTrader_BrandonH]

Hello timmbbo,

Thanks for your post.

Something you could consider doing is implementing logic in your NinjaScript strategies to include a Daily Loss Limit.

Please see the example script, DailyLossLimitBuilderExample, in the forum post linked below for how this would be accomplished.

https://ninjatrader.com/support/foru...limit-examples

If you are not using NinjaScript strategies and are placing trades manually then you could consider enabling the 'Daily Loss Limit' feature on your account in the NinjaTrader Client Dashboard.

See this NinjaTrader article for more information about enabling the 'Daily Loss Limit' feature on your account: https://support.ninjatrader.com/s/ar...e=en_US