The Max Draw Down feature acts as a safeguard to help you limit potential losses across all open trades on a specific bot. Unlike a traditional stop-loss that applies to individual trades, the max drawdown setting monitors the combined losses of all open positions and takes action when your specified threshold is reached.
What It Does:
Once your open trades reach the total loss amount you’ve set, the bot will automatically close all open trades tied to that bot and turn off the auto trader so that it stops entering trades.
How to Set a Max Drawdown Limit:
Open Your Bot Settings
Go into the bot you'd like to configure.
Click the gear icon in the top right corner.
Navigate to Account Safeguards
Select the Account Safeguards section from the settings menu.
Set Your Draw Down Limit
In the Max Draw Down Limit input field, enter the maximum dollar amount you're willing to risk across all open trades for that bot.
Example: If you entered $3,000 and you have 3 open trades, each losing $1,000, the bot will automatically close all of them once that limit is hit and then turn the auto trader off.
Save Your Changes
Click Save and Close to apply the new safeguard.
Why Use Max Draw Down Limit?
It gives you broader risk control across multiple trades
Helps enforce discipline during volatile market conditions
Prevents overexposure from cumulative losses