Let’s imagine there are 10 different algos running at any one time. Is it possible to refer to the combined p&l’s on all 10 algos for risk management purposes, perhaps through account balance? i.e., if the account balance is less than x then quit all algo’s?
Many thanks in anticipation
Not possible.
But ….. you could use an Excel API (IG’s one for example) that monitors your account positions and effectively kills the TS by closing out the positions once your account has drawdown by X amount.