Set loss limits and profit targets
Daily and weekly loss limits and profit targets, all checked on your realized and unrealized P&L.
Loss limits and profit targets put a floor and a ceiling on an account's day and week. Lune checks them on your realized and unrealized P&L, so open trades count too. When a limit is hit, Lune acts on the account based on the setting you choose.
The four limits#
You set each one per account. Leave any of them blank to turn it off.
Daily loss limitP&LOptionalThe most you allow the account to lose in one day.
Weekly loss limitP&LOptionalThe most you allow the account to lose in one week.
Daily profit targetP&LOptionalThe profit that ends the account's trading day.
Weekly profit targetP&LOptionalThe profit that ends the account's trading week.
What happens on a breach#
Every account has an On Limit Breach action. It decides what Lune does when any risk limit is hit, whether that is a daily loss, a profit target, a weekly limit, or trailing drawdown. You pick one action per account.
Alert OnlyNotifyOptionalLune sends you an alert and leaves the account trading.
Lock AccountBlock entriesOptionalLune locks the account to exits only. New entries are blocked, and you can still close what is open.
Flatten & LockClose and blockOptionalLune closes every open position on the account, then locks it to exits only.
With Flatten & Lock, any breach closes your open positions. That includes a daily loss, a profit target, a weekly limit, or trailing drawdown. Set this action only when you want Lune to get the account flat on a breach.
How a loss limit works#
Lune watches your realized and unrealized P&L against the limit as the market moves. When your loss reaches the limit, Lune runs your On Limit Breach action for that account.
Exits still work. Even with Alert Only or Lock Account, you can close open positions to get flat.
Because the check uses unrealized P&L, an open position moving against you can hit the limit before you close anything. That is the point, it stops the account from adding risk while it is underwater.
How a profit target works#
A profit target locks in a good day or week. When your realized and unrealized profit reaches the target, Lune runs your On Limit Breach action. With Alert Only or Lock Account you keep the gains you have and can still exit. With Flatten & Lock, Lune closes the open positions and locks the account.
Set your limits#
Go to the Risk page and pick the account you want to protect.
Set a daily loss limit, weekly loss limit, and either profit target. Fill in only the ones you want.
Pick Alert Only, Lock Account, or Flatten & Lock for the account.
Lune starts checking every new entry against your limits right away.
Set limits on every account in a copy group. A follower account uses its own limits and its own On Limit Breach action, not the leader's.