By restricting daily losses, traders can increase their sense of security with the system's optional function. In order to discourage overtrading, it also offers the ability to pause trading until the next day.

With great pleasure, Skilled Funded Traders announces the release of The Skilled Protector, their newest feature. The following are the functions of the Skilled Protector:

Manages risk and preserves equity by automatically terminating orders or transactions when a predefined loss is surpassed. Both open and closed trades are subject to the daily loss cap and the choice to end trading operations if the limit is reached.

When using Skilled Protector, traders may configure the method to either use a preset amount or a percentage. At the beginning of the day, they can choose the value that is higher between the equity and account balance. The Skilled Protector Stop Limit is determined by subtracting the designated stop loss and every day at 5 p.m. EST, the restriction is reset.  In order to avoid violations, traders might select a daily loss cap that is predetermined.

The feature "Disable Trading until Tomorrow," is meant to shield traders from possible losses and excessive trading. Upon reaching the Skilled Protector Loss Limit, the function ceases all trading operations automatically. Once activated, this action cannot be undone and needs to be reset the next day in order to remain protected. 

The new trading day starts at 5:00 p.m. Eastern Time. This function gives traders an extra degree of security by preventing overtrading and protecting the account from hacks. 

This novel feature, which enables traders to cap their possible daily losses and halt trading till the next day if required, is anticipated to give traders a sense of security and peace of mind. Watch this space for additional features and updates.

It is important for traders to understand that throughout this period, there may be large market swings, particularly in reaction to economic news or noteworthy events, which could cause the daily loss to be reached. In addition to avoiding over-leveraging. Skilled Funded Traders encourages its traders to set their limits with a safety margin that takes into consideration any change during this time.