Daily stop loss limit set mechanical with AMP futures, help. - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Daily stop loss limit set mechanical with AMP futures, help.
Updated: Views / Replies:1,579 / 3
Created: by hector24 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Daily stop loss limit set mechanical with AMP futures, help.

  #1 (permalink)
Elite Member
austin, texas
 
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: currency futures
 
Posts: 508 since Jan 2011
Thanks: 14 given, 231 received

Daily stop loss limit set mechanical with AMP futures, help.

Right now I have AMP futures as my broker. What I want to do is set a daily stop loss limit on my account that is mechanical and does not require me to stop on my own. Does anyone know of a way to do this with AMP.

Reply With Quote
The following user says Thank You to hector24 for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
USA / Lithuania
 
Futures Experience: Advanced
Platform: CQG Trader, NinjaTrader, SierraChart
Broker/Data: AMP/CQG
Favorite Futures: ES, GC, CL, BRN, 6E
 
Posts: 17 since Jan 2014
Thanks: 0 given, 18 received

Answer
This post has been selected as an answer to the original posters question Answer


Good question, I recently had the same question for my AMP broker. Basically I was told there are 4 things they can do, which is 80% drawdown auto liquidation over the course of 1 trading session, higher margins for free, limit my account to only trading a maximum of 1 contract on any instrument at one time, or manually disabling my account if I request so. But that is not what I want. I wanted custom daily loss limits, which they said their trade desk doesn't provide. I do not understand how this is the case when they already provide it at 80%... why can't I choose my own daily loss limit level? In my opinion, this is an extra insurance policy I would like to have, even if it means paying for it (I believe NinjaTraderBrokerage offers this service for free). Anyone here on the forum have anything else they were told on this from AMP customer support? Perhaps someone was able to get their own loss limit implemented for them?

Reply With Quote
 
  #4 (permalink)
Elite Member
austin, texas
 
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: currency futures
 
Posts: 508 since Jan 2011
Thanks: 14 given, 231 received

daily stop loss


MoscowOnHudson View Post
Good question, I recently had the same question for my AMP broker. Basically I was told there are 4 things they can do, which is 80% drawdown auto liquidation over the course of 1 trading session, higher margins for free, limit my account to only trading a maximum of 1 contract on any instrument at one time, or manually disabling my account if I request so. But that is not what I want. I wanted custom daily loss limits, which they said their trade desk doesn't provide. I do not understand how this is the case when they already provide it at 80%... why can't I choose my own daily loss limit level? In my opinion, this is an extra insurance policy I would like to have, even if it means paying for it (I believe NinjaTraderBrokerage offers this service for free). Anyone here on the forum have anything else they were told on this from AMP customer support? Perhaps someone was able to get their own loss limit implemented for them?

Moscow I'm glad that I am not the only one who asks this question. I know that we should have discipline on our own but such an easy feature makes it easier on us while we are trading. Anything that helps us would be beneficial. I got the same info that you got but you ask a great question. If they already have a daily limit stop loss I don't see why we can't control it ourselves and it be governed to not go over 80%. Such a simple feature at least to someone who codes this type of programing. I used to be with Infinity but I have better rates at AMP and at Infinity all you would do is call them up and let them know that you want to modify your daily stop loss. Then it would close your positions and not let you trade anymore. The great thing with them is that you could actually call them back up and ask them to reset it. Oh well we could only wish that vendors would listen to their customers but I guess it is what it is. After all it is up to us to determine what vendor to use and stay or leave but it would be nice to have this feature.

Thanks
Hector

Reply With Quote

Reply



futures io > > > > Daily stop loss limit set mechanical with AMP futures, help.

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
EasyLanguage Daily Profit and Daily Loss limit in strategy Big Mike EasyLanguage Programming 11 May 12th, 2016 02:50 PM
How to set up a daily stop loss? sunsun MultiCharts 7 December 13th, 2015 09:56 AM
OCO orders, set Limit and Stop Limit automatically rice0721 ThinkOrSwim 4 January 12th, 2014 01:02 PM
ATM Strategy: Limit order & stop loss order at the same time in the market? DrE6 NinjaTrader 2 June 21st, 2013 02:12 PM
How to set up a Stop (Limit) Loss order - Ninja Trader jdumanic NinjaTrader 2 June 7th, 2011 06:40 PM


All times are GMT -4. The time now is 01:55 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.07 seconds with 25 queries on phoenix via your IP 54.226.34.209