Your daily limits are yours. Wildflower checks them before every order, and they stop the day rather than just warning you.
The limits
- Daily loss. Once the day's loss reaches your figure, no new trades for the rest of the trading day.
- Daily profit. Once the day's profit reaches your figure, no new trades. If you chose to bank the day, reaching it also closes what is open and cancels waiting entry orders.
- Daily profit cap. A harder version of daily profit. It counts the trade still open: the moment the day's profit plus the open trade's value reaches the cap, that trade is closed there and the account stops for the day. It is off unless you switch it on. The number is one you type, or your firm's published figure.
- Giving back what the day made. The others compare the day to a fixed figure. This one compares it to the day's own best point. Once the day has given back your figure from its high, no new trades. Say the day reached $1,200 up and is now $300 up. It has given back $900, which no fixed line would notice. The best point starts at zero.
- Losses in a row. A run of losing trades ends the day.
- Red days in a row. A run of losing days stops the account until you reset it.
The two counters, losses in a row and red days in a row, are set on the account's Your limits page. Set to Off, a counter never acts, and the Settings card shows it as "Not set".
All of them use the futures trading day, which starts at 5pm US Central.
Where they are set
On the account's Your limits page. The boxes are empty until you fill them.
The daily profit cap is on the Safety card in Settings, next to the profit target. If your firm publishes its own daily cap, the card shows that figure beside yours, labelled as your firm's. It is never copied into your box.
On a prop firm account, turning that cap off, or replacing your firm's figure with your own, asks you to confirm first. The change is recorded in the account's history.
The same card shows the account's rest window, entry cutoff and trading hours, for each engine where there are several. How to read that.
What happens when one is reached
The account shows Stopped for the day with the reason. You get a trading-halt notification if you switched those on. The loss, profit, give-back and losses-in-a-row halts clear at the start of the next trading day. The red-days halt waits for you to reset it, which also restarts the count.
An entry order already waiting at your broker is cancelled when the halt starts, even one placed seconds earlier, so it cannot fill on a stopped account. A position you already have keeps its stop and target. A halt stops new trades. It does not close what is open.
These are yours, not your firm's
Your firm has its own daily loss limit and enforces it separately. Where you set yours is your decision.
Wildflower's limits work while Wildflower is running. If the Wildflower agent on your computer is offline, only your firm's limit at the broker applies until it is back.
What can go wrong
Wildflower's limits stop new trades. An open position runs to its own stop or target, unless you chose to bank the day, set a daily profit cap, or close it yourself.
If your broker cannot be reached, or prices for your market stop arriving, Wildflower does not guess what your open position is worth. It asks again every 15 seconds rather than closing a trade on a number it cannot see. If that goes on for two minutes while you have a position open, you get one email saying the cap is not protecting the day right now. You get one email per outage. If the close does not confirm, you are told plainly.