Equity Protection

Note - Our Equity Protection is currently in BETA, to activate BETA click here.

Equity Protection allows you to protect your account equity in the event of either drawdown, or profit. Our EP allows you to protect both losses, and profit, perfect for those with profit targets.

Configuring Equity Protection

Enabling and configuring EP couldn't be easier, simply head over to Accounts, select edit on the account you wish to edit, then, select Equity Protector.

Once enabled, you will be presented with the options, we'll go through these below.

Each option serves a specific purpose, it's important you understand how each option works, and to understand which settings suit your requirements.

Daily Drawdown Reset

Daily reset time

The time in which your balance and equity values are updated daily. Required in order to trigger EP.

% Drawdown protection

Allowing you to protect your account if you hit a maximum percentage drawdown value.

Example : 4

Meaning - If your account goes to a total of 4% drawdown, the Equity Protection will kick in and action the settings you have chosen. Be aware that this is a percentage difference between your current Balance and floating Equity, therefore if your balance increases, so will your allowed Equity value.

% Profit protection

Allowing you to protect your account if you hit a maximum percentage profit target value.

Example : 4

Meaning - If your account goes to a total of 4% in profit, the Equity Protection will kick in and action the settings you have chosen. Be aware that this is a percentage difference between your current Balance and floating Equity, therefore if your balance increases, so will your allowed Equity value.

Equity Protection Action

Notification Alert

COMING SOON - Receive a notification when your EP is hit on an account. Further information to follow.

Disable Trade Copier

If your Equity Protection is hit, the copier will be disabled automatically until you re-enable it.

Note - You can only enable either Disable Trade Copier or Manage Existing Trades, therefore the settings will not allow you to toggle both to on.

Close open copied trades

If set, Equity Protection will close only trades that were originally copied via our trade copier. Therefore, any trades placed outside of our copier will not be closed.

Close all open trades

If set, Equity Protection will close all trades open on the account, including those that were not placed by our trade copier.

Note - You can only enable either Close open copied trades or Close all open trades, therefore the settings will not allow you to toggle both to on.

Stop Loss Protection

Stop Loss protection allows you to configure your maximum allowed drawdown on the trading account, automatically kicking in if any of the 3 available settings are hit.

% Drawdown protection

Allowing you to protect your account if you hit a maximum percentage drawdown value.

Example : 4

Meaning - If your account goes to a total of 4% drawdown, the Equity Protection will kick in and action the settings you have chosen. Be aware that this is a percentage difference between your current Balance and floating Equity, therefore if your balance increases, so will your allowed Equity value.

$ Value Drawdown protection

Allowing you to protect your account if you hit a maximum monetary drawdown value.

Example : 4000

Meaning - If your account goes to a total of $4000 (or equivalent account currency) in drawdown, the Equity Protection will kick in and action the settings you have chosen. Be aware that this is a monetary difference between your current Balance and floating Equity, therefore if your balance increases, so will your allowed Equity value.

$ Absolute Minimum

Allowing you to protect your account if you hit an absolute minimum equity value.

Example : 92000

Meaning - If your account equity hits a value of $92,000 (or equivalent account currency) or less, the Equity Protection will kick in and action the settings you have chosen.

Take Profit Protection

Take Profit protection allows you to configure your maximum allowed profit on the trading account, automatically kicking in if any of the 3 available settings are hit.

% Profit protection

Allowing you to protect your account if you hit a maximum percentage profit target value.

Example : 4

Meaning - If your account goes to a total of 4% in profit, the Equity Protection will kick in and action the settings you have chosen. Be aware that this is a percentage difference between your current Balance and floating Equity, therefore if your balance increases, so will your allowed Equity value.

$ Value Profit protection

Allowing you to protect your account if you hit a maximum monetary profit target value.

Example : 4000

Meaning - If your account goes to a total of $4000 (or equivalent account currency) in profit, the Equity Protection will kick in and action the settings you have chosen. Be aware that this is a monetary difference between your current Balance and floating Equity, therefore if your balance increases, so will your allowed Equity value.

$ Absolute Maximum

Allowing you to protect your account if you hit an absolute maximum equity value.

Example : 108000

Meaning - If your account equity hits a value of $108,000 (or equivalent account currency) or more, the Equity Protection will kick in and action the settings you have chosen.

This setting is ideal for those taking prop firm challenges, allowing you to automatically close all trades and disable the copier if you hit a set $ value.

Updated on: 20/11/2024