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How to manage my risk: Rithmic

Darrell Martin
Darrell Martin
  • Updated
Be certain to utilize the correct criteria for proper setup.
Due to Rithmic being a third party app, we cannot accept responsibility.
 

There is no additional information available.

If you need more information, please get in touch with Rithmic customer support.

 
1) Open RTrader Pro.
2) Click on Trader Panel.
3) Right click on the account you want to configure.
4) Select one of Auto Liquidate Criteria.
5) Choose Trailing Minimum Account Balance.
See screenshot below.

It works as a daily trailing loss. 
For example, your max daily loss is $1,000. You make $2,000. Then your account goes down to +$1,000. Your account is auto liquidated.
 
mceclip0.png
 
Here is more information on Auto Liquidate Criteria:

Auto Liquidate Criteria are as follows:

Minimum Account Balance: If the account balance falls below the value in Auto Liquidate Criteria, then the account is liquidated. Note that editing the cash on hand can cause the account value to fall to a level where Auto Liquidate is triggered.

Percentage of Cash on Hand Lost: If the value of loss for the account as a percentage of the Cash on Hand is greater than the value in Auto Liquidate Criteria, then the account is liquidated. Note that editing the cash on hand can cause the account value to fall to a level where Auto Liquidate is triggered.

Loss Limit: If the value of loss is greater than the value in Auto Liquidate Criteria, then the account is liquidated.

Trailing Minimum Account Balance: Trailing Minimum Account Balance is Account Balance minus Liquidate Threshold. If the account balance increases, Trailing Minimum Balance increases proportionally. If the account balance falls below the trailing minimum account balance, the account is liquidated.

Limited Trailing Minimum Account Balance: For Limited “Trailing Minimum Account Balance” criteria, the Trailing Minimum Account Balance does not increase more than the Max Min Account Balance specified in the field, "Auto Liquidate Max Min Account Balance".

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