Advanced Risk Features (Pro)

Overview

Pro subscribers unlock eight additional risk categories in the Risk Management section. These cover the scenarios that catch intermediate and advanced traders out — the ones that don't show up on a beginner's radar but become increasingly important as account size and strategy complexity grows.

All advanced sections follow the same pattern: toggle the section on, configure your rules, and save.

Concurrent Trade Risk

The problem it solves: Running multiple positions simultaneously means your total live risk is the sum of all open trades — not just the last one you entered.

What you configure:

• Max Open Trades — the maximum number of simultaneous open positions. When this limit is reached, no new trades until one is closed
• Max Live Risk Cap — a percentage cap on total risk across all open positions simultaneously. For example, if you risk 1% per trade but cap live risk at 3%, you can have at most 3 full-risk trades open at once

Asset Correlation Risk

The problem it solves: Trading correlated instruments simultaneously multiplies your actual exposure. Long EURUSD, GBPUSD, and AUDUSD at the same time is effectively a 3x USD short — not three independent trades.

What you configure:

• Define the affected markets (e.g. "All USD pairs", "Gold and Silver", "US Equities and US Indices")
• Choose a limit method: maximum number of correlated positions, or maximum combined risk percentage
• Add notes for context (e.g. "Max 2 USD positions at once, max 4% combined risk on yen pairs")

You can add multiple correlation rules for different market groups.

Spread Risk

The problem it solves: Entering a trade when the spread is unusually wide — during news, low liquidity periods, or with certain brokers — eats into your expected return and makes your risk:reward worse than planned.

What you configure:

• Maximum acceptable spread in pips before you'll enter a trade
• Notes for any instrument-specific rules (e.g. "Never enter GBPJPY if spread exceeds 4 pips")

News Risk

The problem it solves: High-impact news events create erratic, often random price movements. Positions held through these events are exposed to large, fast moves that can trigger stops or cause significant slippage.

What you configure:

• Which events the rule applies to (e.g. "FOMC, NFP, CPI, Interest Rate Decisions")
• Action during news: avoid new entries, close existing positions, reduce position size, or monitor only
• Whether to skip the whole day (useful for particularly volatile events)
• Buffer in minutes — how long before and after the event to observe the rule (e.g. 30 minutes)

You can add multiple news risk rules for different event types with different protocols.

Slippage Risk

The problem it solves: When your order is filled at a significantly worse price than intended — due to fast markets, low liquidity, or requotes — the trade's actual risk is different from what you calculated.

What you configure:

• Maximum acceptable slippage in pips
• Notes for your protocol (e.g. "Cancel and re-evaluate if filled more than 3 pips from intended entry")

Overnight / Weekend Risk

The problem it solves: Holding positions when markets close exposes you to gap risk — price can open significantly above or below where it closed, jumping straight through your stop.

What you configure:

• Overnight rule: whether you hold positions overnight or close before session end
• Weekend rule: whether you hold positions over the weekend
• Position size rules for any positions you do hold (e.g. reduce size to 50% if holding overnight)
• Notes for specific markets or conditions

Execution Error Risk

The problem it solves: Everyone makes execution mistakes at some point — wrong size, wrong direction, wrong instrument. Without a pre-planned protocol, panic often makes it worse.

What you configure:

• Your immediate action protocol (e.g. "Close the position immediately, regardless of price. Do not try to average out of a mistake")
• Maximum time to correct the error
• Whether you log it in your business notes
• Whether you stop trading for the session after an execution error

Having this written in advance means you respond calmly and correctly, not reactively.

Conditions to Trade

The problem it solves: You're not a machine. Your decision-making quality varies with sleep, stress, emotional state, and preparation. Trading when you're not fit to trade is as risky as having no strategy at all.

What you configure:

• A personal checklist of conditions that must be true before you'll trade
• Examples: "I've had at least 7 hours of sleep", "I've reviewed the economic calendar", "I'm not under unusual personal stress", "I've completed my pre-market routine"

This section turns the subjective "am I ready?" question into an objective, checkable list.

Technology Risk

The problem it solves: Platform failures, internet outages, and hardware problems happen. Without a plan, they can result in positions you can't manage or close.

What you configure:

• Backup platform or broker contact details
• Protocol if your primary platform goes down (e.g. "Call broker immediately to close all positions")
• Backup internet method (e.g. mobile hotspot)
• Conditions under which you simply won't trade (e.g. "Do not trade if primary connection is unavailable")

Tips

Start with the sections most relevant to your trading. If you're a day trader who never holds overnight, skip Overnight Risk for now and focus on News Risk and Concurrent Trade Risk.

Be specific. Vague rules are ignored under pressure. "Be careful around news" is not a rule. "No new entries 30 minutes before or after FOMC, CPI, or NFP. Close any open positions 60 minutes before FOMC" is a rule.

Review these after a bad experience. The advanced risk rules are best written when you've lived through the problem they're designed to prevent.