Brokers unable to set auto-liquidation?

FCMs/futures brokers I contacted say they are unable to set auto-liquidation of an account at a pre-determined account equity value.
However, their risk systems allow them to set this if the account drops by 80% of previous day's Net Liquidating Value.

Why is it so hard to do it for a customer? I just want my account to get flat (all positions closed, orders cancelled) if equity drops to a certain number. Anyone has got a solution?

 

use a manual stop loss?

b/c there is intraday margin and overnight margin, hardly universal.

 

Why can't you do it yourself?

Wait, you mean you are not sitting in front an array of four computer screens at all times that the market is open? LMAO

If it's that easy, you should write a script yourself that will monitor your account equity and place the orders when triggered.

 

OP... have you lost 80% of the account?

What were you doing?

 

Sierra Chart has a *Net daily loss limit* Das Trader Pro also has it, but DAS is not a futures platform. So maybe you can find a trading platform that has a *loss limit*

 

LightSpeed Broker also has something were you can call or write an email to set *Net daily loss limit* at the broker, if trading stock. But you can ask Robert Mose, he is sponser on this site, and LightSpeed also offer futures trading.

 

Morse

not Mose

I point out this error because the OP may do a search for that name

 

Thank you for the bump, BMK and kbs. None of our futures platforms offer Auto Liquidation. You should reach out to http://www.optimusfutures.com/

Lightspeed Financial Services Group LLC. is not affiliated with this service providers. Data, information, and material (“content”) is provided for informational purposes only. This content neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any securities. Any investment decisions made by the user through the use of such content is solely based on the user’s independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Lightspeed Financial Services Group LLC does not endorse, offer nor recommend any of the services provided and any service used to execute any trading strategies are solely based on the independent analysis of the user.

 

@Robert Morse
Does Lightspeed offer the auto-liquidation feature on any of the stock trading platforms?

 

No sir.