Glossary · In Propcockpit
Risk rules
The three limits armed on a Protected account: Max daily loss and Max total drawdown as a share of Initial capital, and Max open risk, anchored to balance.
Armed by the trader, clamped to the Firm rule where a firm preset is chosen, and the thing every order placed through Propcockpit is checked against before it is sent. Tightening one applies at once; loosening one waits for the next Daily reset.