Drawdown & Loss Monitor

Max Loss Per Trade

Caps the maximum loss on any single position. Notifies or auto-closes when breached.

How It Works

This rule monitors each open position in real-time and tracks its unrealized P&L. When any single trade's floating loss exceeds your configured maximum (as a percentage of balance or fixed dollar amount), PipsGuard can notify you or automatically close the position.

This prevents any single trade from doing catastrophic damage to your account. It is the enforcement layer for the widely-known "2% rule" — where no single trade should risk more than 2% of your account balance.

Configuration

Parameter	Default	Description
max_risk_percent	2.0%	Maximum loss per trade as % of balance
max_risk_amount	0	Maximum loss in dollars (0 = use percentage)
risk_calc_mode	percentage	percentage or fixed_amount
auto_close_exceeded	false	Automatically close position on breach

When This Rule Fires

Monitor: Watches all open positions. Notifies (or closes) when any single position's floating loss exceeds the limit.

Best For

Traders who risk too much per trade Prop firm traders

Pro Tips

Set to 1–2% for prop firm accounts.
Enable auto_close_exceeded if you want hard enforcement.
Keep it on notify-only mode if you prefer a warning before action.

Configure This Rule →

Set up max loss per trade in your dashboard.