DEFINITION

If you hit our Daily Pause, your account will be paused from WeMasterTrade and you can resume trading on the next day. The formula for this limit is number % x initial balance = limit amount.

A breach of the Daily Pause does not result in a rule violation because it is an objective for your account. During the trading session, the account will be automatically liquidated if the Net P&L hits or exceeds the Daily Pause Limit. This implies that until the beginning of the following trading day, all open trading positions will be flattened, all pending orders will be canceled, and you won't be able to make any more transactions with your account.

HOW IS IT CALCULATED?

Current Daily Pause = results of closed positions of this day + the result of open positions.

In your trading dashboard, this can be found under Risk Management with the title Today's Permitted Loss and the Remaining under it. The number under Today's Permit Loss represents for actual maximum daily pause amount that you are allowed to lose on the trading day. The Remaining represents the remaining amount that you can lose on trading day.

WHAT HAPPENS IF I BREAK THE DAILY PAUSE RULE?

The account will be automatically liquidated for the remainder of the trading day until the market is closed on the trading day if the Daily Pause was reached or surpassed for that trading day. You can resume trading and there won't be any rule violations once the new trading session begins on the next day.

A market order is sent to close any open positions by the auto liquidation mechanism when a Loss Limit threshold is reached. This can mean that the trader's P&L ends up over the Loss Limit threshold, which would mean that the Real Loss is more than the Pause Loss Limit, depending on where the market was fluctuating at the time. If the trader's Net P&L does, in fact, "hit and exceed" the Daily Pause Limit, then the auto liquidation, even with the ending P&L, is unquestionably the result of that liquidation.