Setting up Auto Liqudation on Rithmic

Setting up Auto Liqudation on Rithmic

How to set your own auto liquidation threshold on Rithmic: 

 

  1. If you have not already done so, please download R Trader from the following link:  Click Here
  2. From within R Trader click File >> Trader Dashboard or click on the Treasure Chest on the left hand side.
  3. This will then open a window showing your account information. You will then right click on your account and select View Risk Parameters or press CTRL+E.
  4. This will then open a separate window where you will click Risk Parameters set by the Trader and from here you have several different options. To add/alter these settings, double click on the green fields. 
  5. The settings that a trader is able to set are: 
    1. Auto-Liquidate: Enable to liquidate open position after the criteria are met.
    2. Auto Liquidate Criteria: The criteria which will trigger the auto-liquidation
      1. Minimum Account balance: triggers the liquidation when a specified account balance is met. 
      2. Percentage of Cash on Hand: If the value of loss for the account as a percentage of the Cash on Hand is greater than the value in Auto Liquidate Criteria, then the auto liquidation should trigger.  You can find the cash on hand through your Trader Dashboard.
      3. Percentage of Margin Reserve Lost: If an account loses a specified percentage of their margin, a liquidation should be triggered. 
      4. Loss limit: If the value of loss is greater than the value in Auto Liquidate Threshold, then auto liquidate should be triggered
      5. Profit Limit: Instead of a loss limit, it is based on when an account hits a specified level of profit. 
      6. Trailing Minimum Account Balance: Trailing Minimum Account Balance is Account Balance - Liquidate Threshold. If the account balance increases, Trailing Minimum Account Balance increases proportionally. If the account balance falls below the trailing minimum account balance, the auto liquidate is triggered.
      7. Limited Trailing Minimum Account Balance: For "Limited Trailing Minimum Account Balance" criteria, the Trailing Minimum Account Balance does not increase more the Max Min Account Balance specified in the field Auto Liquidate Max Min Account Balance.
      8. Multiple Simultaneous Criteria: Set multiple criteria's that will trigger a liquidation.
    3. Auto Liquidate Threshold: Place the value for the Criteria trigger here
    4. Auto Liquidate Max Min Account Balance: the min or max account value for the the Minimum Account Balance and Profit Limit
    5. Ignore Open P&L When Trailing: Enable or disable this option to ignore open P&L when trailing
    6. Auto Liquidate At (HH:mm:ss): set a time when all open positions will automatically be liquidated. 


IMPORTANT: Risk parameters set on the trader side do not offer the ability to disable the account once the threshold is hit.  To enable the "disable on auto liquidate feature" please contact your broker. Any risk setting that is set on the FCM or IB tab supersedes the risk settings on the traders side.



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