Stop trading for the day when stop loss reaches max loss per day or max in a trade
J p
Example:
---Option 1----
Max loss set $500/trade occurrence: Once
Trade 1: Profit +200
Trade 2: Loss -100
Trade 3: Profit +150
Trade 4: Open Position reached loss of $500
--Trading stops for that day--
Total loss/Profit: -$250
----Option 2--
Max loss per day set at $500
Trade 1: Profit +200
Trade 2: Loss -100
Trade 3: Profit +150
Trade 4: Open Position reached loss of $750
Trading stops for that day as $500 loss per day reached