---
title: Tradovate Risk Settings
slug: tradovate-risk-settings
date: 2025-04-02
modified: 2026-09-04
author: Bhavishya Goyal
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meta_description: "Learn how to use Tradovate risk settings to set daily and weekly limits, max drawdowns, and lock rules for better trading discipline and account protection."
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og_title: Tradovate Risk Settings
og_description: "Learn how to use Tradovate risk settings to set daily and weekly limits, max drawdowns, and lock rules for better trading discipline and account protection."
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---

# Tradovate Risk Settings

**Last Updated:** September 4, 2026  |  **Published:** April 2, 2025

## **Overview of Tradovate Risk Settings**

Tradovate risk settings are essential tools that allow traders to manage daily and weekly exposure. With Tradovate risk settings, you can automate limits on profit, loss, and drawdowns—ensuring smarter, safer trading. By configuring risk limits—like loss caps, profit triggers, and drawdowns—traders can automate account protection and enforce structured discipline.

By configuring these settings, traders can enforce structured risk controls, ensuring that their accounts remain within predefined thresholds.

**Ready to automate this with PickMyTrade?** Connect TradingView to Tradovate and start executing trades automatically — no coding required.

[Start Free Trial →](https://app.pickmytrade.trade/?register=true)

---

## **Trading Session Timing in Tradovate**

- **Daily trading session:** Starts at **5:00 PM Central Time (CT)** and ends at **3:45 PM CT** the next day.
- **Weekly trading session:** Starts at **5:00 PM CT on Sunday** and ends at **3:45 PM CT on Friday**.

If a set limit is reached, the account will be **automatically locked**, and:

- **All open positions will be closed**
- **All working orders will be canceled**
- **New positions cannot be opened** until the start of the next session

---

## **How to Edit Your Tradovate Risk Settings**

1. **Log into your Tradovate account**
2. Navigate to **Application Settings** (top-right corner)
3. Select **Risk Settings** to configure limits

![Tradovate trading interface with arrow pointing to the Application Settings icon in the top right corner](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-4-1024x500.png)

![Tradovate Settings page Accounts tab with Risk Settings button highlighted below account details](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/image-5.png)

---

## **Tradovate Risk Setting Examples (NQ Futures)**

### **1. Daily Loss Limit**

- **Definition:** The maximum allowable loss for a trading day.
- **Calculation:** Based on **Net P/L**, including commissions and fees.
- **Effect:** If the limit is reached, the account is liquidated and locked.
- **Default Value:** $0

**Example (NQ – Nasdaq-100 Futures):**  
A trader sets a **Daily Loss Limit** of **$2,000**. If their total net loss (including commissions and fees) reaches **$2,000**, all open positions will be **closed**, working orders will be **canceled**, and the account will be **locked** until **5:00 PM CT** when the next session begins.

---

### **2. Weekly Loss Limit**

- **Definition:** The maximum allowable loss for a trading week.
- **Calculation:** Based on **Net P/L**, including commissions and fees.
- **Effect:** If the limit is reached, the account is liquidated and locked.
- **Default Value:** $0

**Example (NQ – Nasdaq-100 Futures):**  
A trader sets a **Weekly Loss Limit** of **$5,000**. If their cumulative losses from Sunday to Friday reach **$5,000**, their account will be **locked** for the rest of the week and will unlock at **5:00 PM CT on Sunday**.

---

### **3. Daily Profit Trigger**

- **Definition:** The maximum profit threshold for a trading day.
- **Calculation:** Includes **Net P/L, commissions, and fees**.
- **Effect:** If the limit is reached, all positions are closed, working orders are canceled, and the account is locked.
- **Default Value:** $0

**Example (NQ – Nasdaq-100 Futures):**  
A trader sets a **Daily Profit Trigger** of **$3,000**. If their total profit (including commissions and fees) reaches **$3,000**, the account will be **locked**, and trading will be restricted until **5:00 PM CT**.

---

### **4. Weekly Profit Trigger**

- **Definition:** The maximum profit threshold for a trading week.
- **Calculation:** Includes **Net P/L, commissions, and fees**.
- **Effect:** If the limit is reached, all positions are closed, working orders are canceled, and the account is locked.
- **Default Value:** $0

**Example (NQ – Nasdaq-100 Futures):**  
A trader sets a **Weekly Profit Trigger** of **$10,000**. If their cumulative profits reach **$10,000** within the week, all open trades will be **closed**, and the account will remain **locked** until **Sunday at 5:00 PM CT**.

---

### **5. Lock Risk Settings if Trading is Locked**

- **Definition:** Prevents risk settings from being modified when an account is locked due to hitting a limit.
- **Effect:** If enabled, risk settings cannot be changed until the next trading session.
- **Unlock Time:** Between **5:00 PM – 6:00 PM ET**.
- **Default State:** Disabled

**Example (NQ – Nasdaq-100 Futures):**  
A trader sets a **Daily Loss Limit** of **$2,500**. If their losses reach **$2,500**, their account is **locked**. With this setting enabled, they **cannot** modify risk parameters until the next session begins.

![Tradovate Risk Settings panel with Daily Loss Limit Weekly Loss Limit and Profit Trigger toggles](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/12-1024x376.png)

---

### **6. End-of-Day Trailing Max Drawdown**

- **Definition:** A dynamic loss limit that adjusts as the account earns profits.
- **Calculation:** Includes **all commissions and fees**.
- **Effect:** The drawdown limit increases as profits grow but stops increasing once the account balance reaches the starting balance.
- **Default Value:** $0

**Example (NQ – Nasdaq-100 Futures):**

- A trader starts with **$50,000** and sets a **Trailing Max Drawdown** of **$3,000**.
- If their balance increases to **$55,000**, the new drawdown level is **$52,000** ($55,000 – $3,000).
- If their balance drops to **$52,000**, the account is **locked** until the next trading day.

---

### **7. Real-Time Trailing Max Drawdown**

- **Definition:** A dynamic loss limit that adjusts in real time as profits increase.
- **Calculation:** Includes **all commissions and fees**.
- **Effect:** The drawdown follows the highest balance point in real time.
- **Default Value:** $0

**Example (NQ – Nasdaq-100 Futures):**

- A trader sets a **Real-Time Trailing Max Drawdown** of **$2,500**.
- Their balance grows from **$50,000 to $55,000**, so the new drawdown level is **$52,500** ($55,000 – $2,500).
- If their balance drops to **$52,500**, the account is **locked** immediately.

---

### **8. Max Position Size (Position Limit)**

- **Definition:** The total allowable position size across all traded products.
- **Effect:** Prevents exceeding a specified position size.
- **Default Value:** 0

**Example (NQ – Nasdaq-100 Futures):**  
A trader sets a **Max Position Size** of **3 contracts**. If they attempt to open a **fourth contract**, the order will be **rejected**.

---

### **9. Products Permitted**

- **Definition:** Restricts trading to specific products or symbols.
- **Effect:** If enabled, orders for unlisted contracts will be rejected.
- **Default Value:** Search products or symbols

**Example (NQ – Nasdaq-100 Futures):**  
A trader enables **Products Permitted** and allows only **NQ (Nasdaq-100) futures**. If they try to trade **ES (S&P 500) futures**, the order will be **rejected**.

![Tradovate risk settings dashboard showing profit and loss limits

](https://docs.pickmytrade.trade/wp-content/uploads/2025/04/11-1024x226.png)

---

## **Trailing Max Drawdown in Tradovate Risk Settings**

- **Not applicable to evaluation accounts** (only available for live and demo accounts).
- Setting the **Trailing Max Drawdown to $0** will result in **immediate liquidation** of positions.
- **Brokerage margin rules take precedence over risk settings**.

For additional assistance, refer to Tradovate’s support documentation or contact customer service.

**Tradovate’s support documentation**: [https://support.tradovate.com/s/article/Risk-Settings-Tradovate?language=en_US](https://support.tradovate.com/s/article/Risk-Settings-Tradovate?language=en_US)

**Tradovate Support**: [https://support.tradovate.com/s/contactsupport?language=en_US](https://support.tradovate.com/s/contactsupport?language=en_US)

## More Resources {#41-toc-title}

Want to automate trades on platforms beyond Rithmic, such as Interactive Brokers, TradeLocker, TradeStation, or ProjectX?  
[Explore all PickMyTrade setup guides](https://docs.pickmytrade.io/docs/)

Using Tradovate instead?  
[View the Tradovate automation guide](https://docs.pickmytrade.trade/docs/)

[Get PickMyTrade → Automate Your TradingView Strategies](https://pickmytrade.trade "PickMyTrade - Automated Trading")

Last updated: **September 4, 2026**

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