When using ProOrder for automatic trading in ProRealTime, the type of CFD account you have—Limited Risk Account or Expert Account—determines how your strategy is executed. Each account type has distinct features, especially concerning stop-loss management, hedging, and trade execution.

1. CFD Limited Risk Account (Compte à Risque Limité – CRL)

This account type enforces strict risk controls to prevent excessive losses.

Key Differences in Automatic Trading:

✅ Mandatory Guaranteed Stop-Loss

• Every trade must have a guaranteed stop attached when opening a position.
• ProOrder automatically converts all stop-losses into guaranteed stops.
• A small premium fee is charged only when the stop is triggered.

✅ No Margin Call Risk

• Losses cannot exceed your deposited capital.
• Higher minimum stop distances apply compared to an Expert Account.

🚫 Trailing Stops Are Not Allowed

• The SET STOP TRAILING instruction does not work.
• Instead, you must manually code a trailing stop system within your strategy.

🚫 No Hedging Allowed

• You cannot hold both a long and a short position on the same instrument.
• ProOrder blocks strategies that attempt to place opposite orders on the same underlying asset.

🚫 Stop-Loss Can Only Be Moved Closer

• Once set, a stop-loss cannot be moved further away from the entry price.
• However, it can be reduced to secure profits.

2. CFD Expert Account

This account offers greater trading flexibility but also higher risk.

Key Differences in Automatic Trading:

✅ No Mandatory Stop-Loss

• Unlike the Limited Risk Account, an Expert Account does not require a guaranteed stop-loss on every trade.
• This allows for more flexible trade management.

✅ Lower Minimum Stop Distances

• You can set stop-losses closer to the price, improving precision in risk management.

✅ Trailing Stops Are Allowed

• You can use SET STOP TRAILING to automatically adjust stop-loss levels based on price movements.

✅ Hedging Is Possible

• You can hold both long and short positions on the same instrument simultaneously.
• Useful for hedging strategies and more complex trading approaches.

🚫 Higher Risk Exposure

• Unlike a Limited Risk Account, losses can exceed your initial deposit due to margin trading.
• It’s important to manage leverage carefully to avoid excessive risk.

Which One Should You Choose for Automatic Trading?

🔹 Choose a CFD Limited Risk Account if you prioritize strict risk control, want to avoid potential margin calls, and are comfortable with guaranteed stop-losses.

🔹 Choose a CFD Expert Account if you need more flexibility, want to use trailing stops, hedging, and closer stop-loss distances, but understand the higher risk exposure.

Before selecting an account, consider your trading style, strategy requirements, and risk tolerance.