Question:
Regarding the "Consecutive loss limit" for how long it is programmed to halt trading as of now?
Viewing post in RiskMaster - Ninjatrader 8 Risk Management Tool comments
Hi,
If you mean when does a locked a account get reset,
All features but the daily drawdown are reset using your predefined rollover time in the settings menu, it essentially counts as a new trading day once this rollover time occurs, you can read all about the program above.
I'll quote it for you for ease:
⏳ Custom Rollover Time (Reset)
We've added a much-requested feature: Custom Rollover Time!
You can now set your preferred daily reset time instead of being stuck with the default. Here's how it works:
✅ Head over to the Settings tab and find Rollover Settings. ✅ Choose your Time Zone, Hour, and Minute for:
- Active Rollover: Your current reset time.
- Pending Rollover: The reset time that will take effect after the next reset period.
🔹 The first change takes effect immediately. 🔹 After that, any further changes apply only after the next reset—so plan accordingly!
This gives you full control over when RiskMaster clears daily trading limits, aligning with your strategy and schedule.
I think I didn't elaborate it correctly. Thee is a option #4 in the rules tab. which is consecutive loss limit. Let's say if I define 2 in the setting, means 2 losing trades in a row. If I hit that limit, it will halt the trading. My questoin is when can I resume trading after having 2 losses? Is it after the rollover time or what? Thanks