Social Trader Tools offers four types of Equity Monitors to help automate risk management based on your account equity. Each monitor can trigger predefined actions when your account reaches a specific profit target or drawdown level.
The available monitor types are:
Target Value Triggers when your account equity rises above a specified monetary value.
Example:
The monitor triggers once your equity reaches $11,000.
Target Percentage Triggers when your account equity increases to above a specified percentage of its starting value.
Example:
The monitor triggers once your equity reaches $11,000 (a 10% increase).
Protect Value Triggers when your account equity falls below a specified monetary value.
Example:
The monitor triggers once your equity drops to $9,000.
Protect Percentage Triggers when your account equity falls below a specified percentage of its starting value.
Example:
The monitor triggers once your equity reaches $9,000 (a 10% drawdown).
Equity Monitors are commonly used to automatically protect trading accounts, secure profits, or stop trading when predefined profit or drawdown levels are reached. This makes them a valuable risk management tool for individual traders, signal providers, and account managers.
