More Trader Configurable Risk Tools
The DLL is great. If you were to add lockouts after profit targets, trailing loss limits after realized/unrealized gains, contract limits, instrument limits and time of day, all controlled by the trader with strict periods where they could reset or change, say weekly, monthly etc, all that would have me sold on Topstep hook, line and sinker. TopstepX is great so far and I am relly looking forward to passing my evals, getting XFA's and getting to payouts. Hopefully this post will not disappear. Thanks
This request was merged into another request
Comments182
Chris Pugrud
Apr 3, 2024
Patak discussed this this morning and I would really love it. It's a feature I use every day in Sierra.
Deanna talked about the 50% lockout, so you would get locked when your profit slid back to 50% from the daily high
Needs a minimum threshhold to kick in though
Son Nguyen
Mar 20, 2024
I posted this 3 weeks ago, same idea. Please thumbs up this so they know we need this.
Ability to limit amount of contracts I'm able to open. i.e. in a 50K we can trade up to 5 contracts, limit to what the trader wants, such as 1 contract. (Or 10 micros when that's available.)
AfterLifeTrading
Mar 23, 2024
This is a good idea.
I was also thinking about the idea of locking the account at specified times.
For example, I don't like being tempted into entering trades within 15m of NYSE open. So having the ability to lockout at my chosen times, in this case between 9:30 & 10:00 would be a feature I would like to see.
And one more idea, a flag that prevents new trades from being entered, allowing running trades to continue further into profit or come back BE.
Caleb
Mar 14, 2024
This would be very helpful for sure, I would use it.
it's just opposite of the Personal Daily Loss Limit, making it a Personal Daily Profit Protection Limit.
Having another option to where you are only allowed to trade profit past your target would be nice also. Like lets say my target was $500 and I end up makes $750, It locks me in at $500 profit and allows me to use the $250 to trade with for the rest of the day.
Some Guy
Apr 16, 2024
Furthermore: Need to be able to specify multiple times were trades become "liquidate only". For example, my personal rules dictate that I don't trade between 7:30-9:45 EST and 12:45-2:15 EST.
EarnMyFreedom
May 2, 2024
Absolutely baby, LETS GOOO!
Cannot wait for this feature, as I'm sometimes hesitant to lock myself out as I just wanna do it for say 10 or 15 minutes, or for the entire morning session to come back for power hour for example.
Thank you Topstep, love you guys.
My Regards,
EMF
The Whiz
Mar 21, 2024
Added an Upvote. We want the same thing.
TraderLarry
Apr 5, 2024
I would like to see this option available also. I think limiting contract size would be very helpful in controlling risk for some of us.
Keith Elliott
Apr 10, 2024
It would be great if we could customize it to automatically start after a set number of consecutive losing trades as well.
Son Nguyen
Mar 20, 2024
I posted this 3 weeks ago, same idea. Please thumbs up this to so they know we need this.
Ability to limit amount of contracts I'm able to open. i.e. in a 50K we can trade up to 5 contracts, limit to what the trader wants, such as 1 contract. (Or 10 micros when that's available.)