Trade Restriction Period

Sometimes a situation arises when a broker realizes that he will not be able to control and monitor the situation on the market due to increased volatility. And the only way to prevent losses is to restrict the trading activity.

The collection of Brokerpilot triggers has functionality for such a case. With the help of the “Trade Restriction Period” trigger a dealer can prohibit opening new positions for a specified period of time for a selected symbol or group of symbols. The trigger provides two modes of operation:

  1. it will be possible to close previously open positions during the specified time period;
  2. complete limitation — the trader will only be able to monitor changes in quotes, it is impossible to influence his previously open positions.

If the trigger is turned off within the time period specified in the settings, the restriction on opening new positions will be removed.

12 Mar, 2024