Use SafetyNet Function to control your daily results and the critical performance parameter of an automated strategy

With the AutoOrder function of the NanoTrader it is possible to trade a complete trading strategy automatically. Every
signal of your strategy will be submitted directly to the exchange. But what happens if the traded strategy produces
higher drawdowns and losses than in the backtest? To have better control to the critical performance parameters of your
trading strategy we have implemented the SafetyNet Filter.
 

The new "Safety Net" filter allows to monitor the P/L development of a study working in AutoOrder mode across the
generated trades. There are three criterions that could be specified: max loss, max drawdown and profit target.

The set up needs to be done in the currency of the traded underlying. Once a specified criterion such as max loss,
max drawdown or profit target is reached, all further signals of that study are discarded and a potential position is
closed. That is a real Safety Net.