Rithmic - How to Set Daily Loss Limit

Provided by Rithmic Support:

Here is a step by step instruction that we send to end users when they ask how to set a daily loss limit:

Setting a trader daily loss limit: 

1. Open the trader dashboard (from the launch bar); 

2. Right click on your account, and select View Risk Parameters; 

3. Select the Risk Parameters set by Trader tab; 

4. Set Auto Liquidate to Enabled; 

5. Select Multiple Simultaneous Criteria from the Auto Liquidate Criteria, then click outside of the field; 

• A Set button will populate next to the Auto Liquidate Criteria field. 

6. Click the Set button, then use the Loss Limit field to set your threshold; 

7. Set the Liquidate Only on Auto Liquidate field to Enabled; 

8. Select Save to save the settings.  

Notes:  

1. These values can be changed at any time.
2. Liquidate Only means that once liquidated, the system will block the account from placing any subsequent trades. The flag must be reset manually though, it does not re-enable you on the next trading day automatically.