Five blocks sit above the individual sources and apply to the whole account.
Sizing
Trade size and maximum risk is where the number of contracts comes from. You choose how each trade is sized, and type the number:
- a dollar amount per trade
- a number of contracts
- a percentage of the account
- a percentage of the remaining drawdown (what is left before your account's loss limit)
The maximum dollar risk per trade caps every method. A trade that would risk more is made smaller. If not even one contract fits, the trade is skipped.
The block has other optional fields too:
- A ceiling on contracts, to match a limit your broker has given you.
- A floor on the risk per contract used in the sizing sum. This stops a very tight stop from working out to a very large number of contracts.
- How far a trade's risk may go over budget after its stop is widened.
- A slippage buffer, in ticks, added when working out the count. Slippage is the gap between the price you expected and the price you got.
- A step-down that lowers the budget for the rest of the day once a trigger you set is reached.
Wildflower holds one position at a time per account.
Safety
Daily halts stops the account taking new entries for the rest of the trading day. It acts once any of these reaches a figure you set:
- the day's loss
- the day's profit
- the run of losing trades in a row
- how much the day has given back from its own best point
The day starts again at 5pm US Central.
Calendar
Which days and sessions the account may trade, how many minutes before the daily close entries stop, and any hours in which it may not enter.
News
Economic news blackout blocks entries for a number of minutes either side of a major economic release. Zero trades straight through releases.
The block also asks what happens when the news calendar cannot be read, and what happens to an order already waiting when a window opens. Those two answers are saved with the strategy but not applied from here. The account's own news settings decide both.
Hedging
Hedge policy decides whether this account may hold a position while another of your accounts holds the opposite side. The choices are never, never on the same instrument, or without restriction. Some firms don't allow opposing positions across accounts.
What can go wrong
These are account settings, so they move with the account's settings group. If several accounts share a group, a change reaches all of them.