Max Daily Loss %
Setting key
max_daily_loss_pct
Default
-5%
What it does
Daily loss floor as a percentage of net liquidation value. Works alongside max_daily_loss_dollars: whichever fires first halts new entries for the session. The default -5% is intentionally loose; most users tighten this to -1% to -2% once they understand the bot's behavior.
When to change it
Tighten to -1% or -2% once you are comfortable with the bot. The default -5% is set wide to avoid unexpected halts during the learning period.
Safe range
-1% (tight) to -10% (very permissive). Values looser than -10% provide little protection.
Example
$100,000 account, -2% daily loss pct. Loss of $2,001 on the day halts new entries for the session.