It is now possible to set the equity at which your orders automatically close due to stop out. This gives you greater control over your trading and manages exposure to risk.
Read on to find out all about this exciting feature:
- About custom stop out
- How to set up custom stop out
- If the custom stop out level is reached
- Benefits of custom stop out
About custom stop out
Consider the following important when using the custom stop out feature:
- The custom stop out level can be set up to 75% of your current equity.
- It is available for both existing and new trading accounts.
- You can customize your stop out level as often as you like.
- All account types, with any leverage setting and trading instrument can be used with custom stop out.
- Set up of custom stop out in Exness Trader is not available at this time.
- Trading accounts used for Social Trading and Portfolio Management cannot set a custom stop out level.
- You cannot open new orders if your equity drops below your custom stop out, and you will need to adjust custom stop out or top up your trading account in order to continue trading.
The custom stop out feature can be terminated or changed at the sole discretion of Exness; you will be informed beforehand if any modifications to the feature are made.
How to set up custom stop out
To set the desired stop out equity:
- Click on the gear symbol next to your trading account to bring up the options.
- Choose Change Stop Out Level.
- Enter the equity in account currency at which you would like the orders to be closed.
- Click on Change Stop Out Level to confirm.
Once the set equity is reached, the system will automatically close all open orders on the trading account.
If the custom stop out level is reached
All open orders on the account are automatically closed if the custom stop out level is reached and all trading will be disabled on the trading account.
To enable trading, decrease the stop out equity level on the account or make a new deposit.
Mid-price stop out
You may occasionally notice your equity drops below your custom stop out level; this happens because we use a mid-price stop out approach which checks for stop out conditions on both real equity and “virtual mid-price equity”. If stop out is delayed by mid-price stop out, you can continue to trade as normal.
If a stop out occurs at equity below your custom stop out level due to mid-price stop out, you will be compensated to your custom stop out level. This process is similar to our null operation as described by our negative balance protection approach.
Benefits of custom stop out
The custom stop out feature is helpful to traders who would like to limit their total funds exposure to risk. The stop out level for trading accounts is set at 0% by default, which means equity must reach 0 before stop out occurs. A custom stop out level can protect a greater portion of your funds from stop out by.