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The Positions tab allows you to impose very specific risk limits on the account. In the following I will use the words “Positions”, “Symbol” and “Trade”. The term “Trade” is a deal that resulted in a successful opening of a position. Each position is the result of opening a trade. Multiple trades open multiple positions. Once a position is opened it might be closed with multiple partial closings, each one of them will be considered as a trade. IMPORTANT: All values of the Positions tab take as a reference the day, starting at midnight platform time. It’s not possible to customize the start/end of the day, as per the Daily Limits tab.

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Adopted Policies

To put it simply, a trade is a “line” in the history tab of your MT5 platform. Not all limits will result in the same kind of “blocking”, although the behavior of the EA for each limit is quite “logical” please read the relative explanation to avoid misunderstandings. Positions Limit Tab It is possible to automatically reload an EA after the day resets. This is especially useful in case EmoGuardian is used to control some EAs behaviour and ensure they do not overtrade, or result in erratic functioning. Refer to the “EAs & RPTC section” for more Details.

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The rationale

The rationale behind each “policy” is to take the action that would make more sense. For example, if we impose a “Max n. of trades per day” or “Max Consecutive Losers”, we need to kill EAs and pending orders. Both EAs and opened orders might result in further trades. On the contrary, a max open volume per position will just result a the resizing of the trades that violated this condition.