Software to Limit Max Daily Loss?

Discussion in 'Trading Software' started by datamerc, Feb 25, 2008.

  1. I currently use IB and am looking for software that will close any open positions once a predetermined loss for the day has been reached. NY0BScalper suggested Laser and I have tried ButtonTrader - any other suggestions or recommendations? Thanks!
  2. One thing's for sure - you already have the best hardware for the job. Another great thing is that the software you're looking for is freeware.
  3. maxpi


    I would love it if I could set a max loss for the day directly in TWS... that would be a watchdog in the case that something went wrong with the automation and it started tossing money away...