Algonney

Risk management

Every trade on Algonney is protected by fixed safety rules that no setting can change. On top of them you set your own limits per account in Settings › Trading & risk.

Your account limits

They apply across all bots of each exchange account, and to your paper balance. Empty means no limit. A bot can have tighter limits of its own.

  • Maximum daily loss: realized and unrealized loss after fees and funding. When it is reached, new entries stop. The day starts at midnight in the timezone you choose.
  • Maximum open positions.
  • Maximum position size: the notional of a single position.

Protection on every position

  • The stop loss is placed on the exchange.
  • The guard watches every position. A position without a confirmed stop loss is closed.
  • When market data is stale, bots open no new entries. Stale data alone never closes a position.
  • Leverage, margin mode and position mode are set per exchange account (see Exchange connections).

To stop everything at once, use STOP ALL (see Trading).

Safety rules that never change

  • Stop loss requiredEvery position has a stop loss on the exchange. No valid stop loss means no trade.
  • Guard always onThe guard watches every position and cannot be turned off.
  • No withdrawal or transfer keysAn exchange key with any withdrawal, transfer or wallet permission is rejected.
  • Protective orders firstStop loss and close orders always go first, before any other order.
  • Stop loss inside the liquidation priceThe stop loss must be hit before the estimated liquidation price; otherwise there is no trade.

What you can do here: Trading

  • List open positionsJarvis can do this for you
  • List open ordersJarvis can do this for you
  • List recent fillsJarvis can do this for you
  • List live eventsJarvis can do this for you
  • List positions and orders not placed by your botsJarvis can do this for you
  • Close positionJarvis can do this for you
  • Retry it through the guardJarvis can do this for you
  • Resume new entriesJarvis can do this for you
  • List tradesJarvis can do this for you
  • Summarise resultsJarvis can do this for you
  • Explain tradeJarvis can do this for you
  • Show exchange connectionsJarvis can do this for you
  • Show trading and risk settingsJarvis can do this for you
  • Change trading and risk settingsJarvis can do this for you
  • Change leverage, margin and position mode of itJarvis can do this for you

Where to find it in the app

  • Settings › Trading & riskRisk limits, paper starting balance and paper account settings, fees and slippage.Account menu (click your name and plan) › Settings › Trading & risk (on a phone: More › Account › Settings › Trading & risk)