PipFarm Revolutionary ‘Kill Switch’ to Safeguard Traders

PipFarm has shared a new solution – the “Kill Switch, empowering traders with a proactive mechanism to mitigate risk.

Home » PipFarm Revolutionary ‘Kill Switch’ to Safeguard Traders

PipFarm has shared a new solution – the “Kill Switch.” This innovative feature, integrated seamlessly into the PipFarm dashboard, empowers traders with a proactive mechanism to enforce discipline and mitigate risk.

Following a recent stats by PipFarm,q 95% of traders who fell short during the trading challenge were found to have breached the daily loss rule. This alarming statistic served as a catalyst for PipFarm’s pioneering initiative to introduce the Kill Switch, aimed at curtailing such detrimental practices.

With the Kill Switch, traders now have the ability to pre-set stop loss and take profit parameters directly within their PipFarm dashboard. Once configured, this automated safeguard acts as a failsafe mechanism, promptly closing all positions within the trader’s cTrader account should predefined thresholds be reached. By doing so, traders can preemptively shield themselves from potential rule violations and prevent deviation from set targets.

PipFarm Revolutionary ‘Kill Switch’ to Safeguard Traders

Also, the implementation of the Kill Switch underscores PipFarm’s commitment to fostering a culture of responsible trading and equipping its traders with the tools necessary to navigate volatile market conditions effectively. Moreover, by empowering traders with greater control and risk management capabilities, PipFarm aims to cultivate a conducive environment for sustained success and profitability.

As traders embrace this cutting-edge feature, PipFarm remains steadfast in its mission to propel individuals towards achieving their goals while adhering to best practices and risk management principles.

So, the Kill Switch is now available to all PipFarm traders, heralding a new era of enhanced control and resilience in the face of evolving market challenges. With PipFarm leading the charge in innovation, traders can confidently navigate the intricacies of the trading industry, fortified by the assurance of the Kill Switch at their fingertips.

Key Points

  • PipFarm introduces the “Kill Switch,” an integrated feature for traders.
  • 95% of traders who failed had broken daily loss rules, prompting the Kill Switch’s development.
  • Traders can now set stop loss and take profit parameters within their PipFarm dashboard.
  • The Kill Switch automatically closes positions to prevent rule violations and deviations.

Want to read about the firm? Click here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Subscribe to our Weekly Newsletter

The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.

Finotive Funding is a proprietary firm founded by Oliver Newland, who understands that capital is, in most cases, the biggest obstacle to becoming a full-time trader. His goal is to create a process that will allow a way for retail traders worldwide of growing their capital and allowing them to generate significant returns.

Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.

MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.