Protecting your equity in case of drawdown

1 min. readlast update: 04.23.2024

Account Protection lets you set protection on the whole Slave account. If your equity rises above the defined Take Profit value or falls below the defined Stop Loss value entered, the Trade Copier will activate the mode you selected.  

Please note that a paid plan is required to use this function. 

Account Protection Mode

  • Close Only Mode: Specify to accept only close orders.
  • Frozen Mode: Completely halt the copying of trades.
  • Sell Out Mode: Close all open positions instantly. 

 

Risk Disclaimer

The Global Account Protection feature does not provide a guarantee that the resulting account equity, after the activation of the sellout mechanism, will remain equal to or exceed the specified equity level. Orders placed through this feature are executed using market orders, and we have no control over the slippage, spread and price imposed by the broker.

Additionally, please note that there is no guarantee regarding the Trade Copier or broker latency in handling market orders. Users should be aware of these factors and carefully consider their trading strategies and risk tolerance.

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