Risk Management Scripts
Risk Management scripts are used for managing risk by modifying or cancelling trading strategy orders based on portfolio level risk analysis. Common use-cases include managing risk during extreme market conditions and limiting overexposure to a single symbol due to multiple trading strategies that are trading it.
Setup
A Risk Management script can be set up from the Advanced tab in the Desktop Settings.
Functions
|
Name |
Description |
|
This function is used for accepting the script parameters and for initializing the script prior to all other function calls. Once the script is assigned to a Desktop, its parameter values can be specified by the user and can be selected for optimization. |
|
|
This function is called once for each new pending order before it's submitted to the broker, so that it may modify or cancel it if necessary. |
|
|
This function is called when the script is shutdown. |
Function Details
|
OnInitialize() |
|
This function is used for accepting the script parameters and for initializing the script prior to all other function calls. Once the script is assigned to a Desktop, its parameter values can be specified by the user and can be selected for optimization. |
|
OnRiskManagement(int strategyNumber, int orderIndex) |
|||||||||
|
This function is called once for each new pending order before it's submitted to the broker, so that it may modify or cancel it if necessary. Parameters
|
|
OnShutdown() |
|
This function is called when the script is shutdown. |