Daily Loss Limit conditions

[tvaughan4]

I've tried searching but can't seem to find the answer.

If I set my daily loss limit up. How does that work exactly? Meaning is it calculated and enforced in real time? or just when the trade is closed/realized?

For example, if my daily loss limit is $200. If I am in a trade and I am down $220, but the position is still open, will I be automatically liquidated at the $200 (unrealized)? Or will it only lock me out after the trade is closed when/if my realized loss is > the $200 loss limit?

Thanks

[NinjaTrader_Erick]

Hello tvaughan4

Thank you for reaching out.

A Daily Loss Limit is calculated on net profit and loss starting at the beginning of each day's trading session at 5:00 PM CT. The loss limit will include all fees and commissions as well as realized and open P&L, and this value is monitored in real-time.

When your Daily Loss reaches the amount you selected, all of your working orders will be canceled and your positions will be liquidated. Your account will be unable to place trades for the remainder of the day's trading session (through 3:45 PM CT) unless this value is increased or disabled.

You can enable this feature by logging into the Client Dashboard and following these step by step instructions .

Please let us know if we may be of further assistance.