Risk & Safety
Setting your daily loss limit
The kill switch is your safety net. It is the one setting required before going live. When your account drops by the amount you set, Alle-Quant automatically stops all trading for the rest of the day. No questions asked.
Why this is required
Markets can move fast. Even a well-designed strategy can have a bad day. The kill switch ensures that one bad session cannot wipe out weeks of gains. Professionals use daily loss limits as standard practice. We built it in so you never have to remember to set one.
Dollar amount or percentage?
Dollar amount
e.g. $500: trading stops if you lose $500 today, regardless of account size. Simple and predictable.
Percentage
e.g. 5%: trading stops if your account falls 5% from today's opening balance. Scales automatically as your account grows.
Most traders start with a percentage. A 2–5% daily limit is common.
- 1
Switch to live mode
In the Alle-Quant app, click the PAPER badge in the top bar and select Live Mode. If you have not set up a kill switch yet, the app will prompt you immediately.
- 2
Choose dollar or percentage
Use the toggle at the top of the setup screen to pick your preferred input mode.
- 3
Enter your limit
Type in your chosen value. The screen shows a plain-English explanation of what it means.
- 4
Click "Set limit and go live"
The limit is saved to your account and synced to the cloud. You can change it any time in Settings → Risk & Safety.
- 5
Verify it is active
The kill switch status appears in the bottom status bar of the app. If it triggers during the day, a red banner appears and trading halts. It resets at midnight.
Other risk settings (optional)
Once you are live, you can set additional limits in Settings → Risk & Safety: max single-trade size, max total exposure, and per-exchange budgets. None of these are required. The daily loss limit is the only mandatory one.