1. About Trader's Guard at FXCE
Trader's Guard is a commitment between a trader and the FXCE system about his trading plan and risk management. Commitment terms are processed by the system without the intervention of a third party.
Diversified terms for traders to set up and modify to fit themselves. Compliance with Trader's Guard means you manage risk following the trading plan.
Moreover, it is the trader who decides how the system handles violations of the committed terms. This is to compel the trader to execute orders within a suitable risk management plan.
2. Terms in Trader's Guard
Commitment: there are 6 Trader's Guard commitments: Pair(s) Selection, Risk Management, Trading Session, Equity Drawdown, Floating Drawdown, and Max order limit.
Qty/%: enter the quantity or % corresponding to the terms.
Example: The percentage of the Daily equity drawdown is X%.
Penalty: Close all signals and Lock the account for X hours.
History: Recorded violation history.
To view details about Trader's Guard, visit the following articles: