Portfolio Management Question

Discussion in 'Trading Software' started by VTTrader, Jul 18, 2010.

  1. VTTrader


    I'm curious as to whether any software package offers the following:

    The ability to specifiy a given portfolio value, and to specify that ALL positions should be closed if the portfolio's value then drops, say, X percent below the specified value.

    I know that one can (of course) set stops for individual positions, so this is really asking whether anyone knows of any trading software which, in essence, can set a stop for the entire portfolio at once, based upon the whole portfolio's value.

    Essentially, I'm interested in just 'getting out' of every position if my portfolio should experience a drop of X percent from a price I specify....

    Any guidance would be much appreciated!