Risk Management

Define user-controlled guardrails for automated trading workflows.

Risk controls in Charton are fully optional — but they matter. Restrictions you define can help limit automated activity when configured thresholds are detected. This is especially important for prop firm accounts, where breaching a risk rule can lead to losing the account entirely.

Two levels of control

Strategy level

Restrictions that apply to a single strategy — how much it risks per trade, how many positions it can hold, when it's allowed to trade, and how it exits.

Agent level

Restrictions that apply across all strategies running on that agent — total daily loss, overall drawdown, maximum open trades, and more. These act as an account-wide safety net.

When a configured restriction is detected at either level, the agent can stop activity and send an alert for your review.

Strategy-level restrictions

Risk per trade (%)Define what percentage of the account is risked on each trade. Position size is calculated automatically.

Fixed risk per trade ($)Set a fixed dollar amount to risk per trade regardless of account size.

Stop lossRequired exit point on every trade — fixed, percentage-based, or ATR-derived.

Take profitTarget exit point. Can be fixed or based on a risk/reward ratio.

Trailing stopStop loss that moves with the price to lock in profit as the trade progresses.

Max open tradesLimit how many positions this strategy can hold simultaneously.

Session filterRestrict trading to specific market sessions — London, New York, or custom time windows.

Max consecutive lossesPause the strategy automatically after a defined losing streak.

Agent-level restrictions

Max daily loss (%)The agent stops trading for the day if total losses reach this threshold. Critical for prop firm compliance.

Max daily loss ($)Same as above but defined as a fixed dollar amount.

Max total drawdown (%)Hard stop if the account drops by this percentage from its peak. The agent does not resume automatically.

Max total drawdown ($)Same as above in dollar terms.

Max open trades (agent-wide)Limit the total number of simultaneous open positions across all strategies on this agent.

Max trades per dayCap the total number of trades the agent can execute in a single day.

Max exposure per assetPrevent overconcentration by limiting the agent's total exposure to a single symbol.

Kill switchImmediately stop all activity on the agent — closes nothing, just stops any new execution.

Prop firm accounts

Prop firms like FTMO, MyForexFunds, and others often publish strict risk rules — commonly a daily loss limit and maximum drawdown limit. Breaching those rules can lead to losing the funded account.

Charton's agent-level restrictions can be configured to mirror those published rules. You can set daily loss and total drawdown limits below the firm thresholds as a buffer. These settings are safeguards for user-defined rules and do not guarantee compliance, funding, or challenge success.

Charton does not enforce any rules on your behalf by default. It is your responsibility to align the agent's risk settings with the requirements of your broker or prop firm.