How Risk Management works
Per-account limits that every manual, automated, and copied order must pass, checked in real time on your P&L.
Risk Management sets the limits that keep an account inside your rules. You set the limits per account. Lune checks every order against them before it reaches your broker, whether the order came from you, an automation, or the Trade Copier.
What the rules cover#
One set of rules protects the whole account. The same limits apply across all three ways an order can start:
ManualCockpitOptionalOrders you place by hand in the Cockpit.
AutomatedAuto TraderOptionalOrders from a TradingView alert through the Auto Trader.
CopiedTrade CopierOptionalOrders mirrored from a leader account by the Trade Copier.
Checked in real time#
Lune tracks both your realized and unrealized P&L as the market moves. Realized P&L is what you have already banked on closed trades. Unrealized P&L is the open profit or loss on positions you still hold.
Your loss limits, profit targets, and drawdown all read this live number, so an open position that moves against you counts the same as a closed loss. The checks run in memory, so a limit stops a new entry fast.
Risk rules gate new entries. What happens on a breach depends on the account's On Limit Breach action. With Alert Only or Lock Account, Lune leaves your open positions alone and exits stay allowed. With Flatten & Lock, any breach closes your open positions and locks the account. Emergency Flatten also closes positions across every account at once.
The controls#
Daily and weekly loss limits and profit targets, on realized and unrealized P&L.
Halt an account when trailing drawdown crosses your limit.
Cap size per order and position, control symbols, and trade only inside your hours.
Lock an account to exits only, or flatten everything with one click.
A note for funded accounts#
These tools help you keep an account inside limits you set. They do not read or enforce your prop firm's rules, and they are not trading advice. You choose the numbers. Set them to match the account you are trading.
Risk rules are per account. Set them on each account you trade, including every funded account in a copy group.