Hello
I am looking for a out of box (if possible) solution for following risk management scenario
( Assume broker is Interactive broker- CASH account), Futures trading only
- Third party is going to trade my a/c as a "second user"
- I want to be able to set a "Total Account Goal Stop loss" meaning all open positions will be closed if A/c net worth goes down to a certain level.
- Third party must not be able to change this GSL
IN a nut shell I can let the 3rd party have a freedom to trade but I have the control over overall situation
Very similar to this is available as a add on with FXCM for fx margin trading
Have a look
I am looking for a out of box (if possible) solution for following risk management scenario
( Assume broker is Interactive broker- CASH account), Futures trading only
- Third party is going to trade my a/c as a "second user"
- I want to be able to set a "Total Account Goal Stop loss" meaning all open positions will be closed if A/c net worth goes down to a certain level.
- Third party must not be able to change this GSL
IN a nut shell I can let the 3rd party have a freedom to trade but I have the control over overall situation
Very similar to this is available as a add on with FXCM for fx margin trading
Have a look