Feature details:

• User-Defined Settings: The user can set the dollar amount or percentage of account equity they are willing to lose on a given day.
• Lockout Mechanism: Once the daily loss limit is reached, the system automatically disables trading capabilities for the rest of the day. Trading is only enabled again after a specified reset time (e.g., the next trading session or at midnight).
• Notifications & Warnings: The system sends notifications when approaching the loss limit (e.g., at 75%, 90%, etc.) and confirms the lockout once the limit is hit. Include optional email or SMS alerts.
• Override and Time Delays: To prevent emotional decision-making, allow an override option, but only with a forced time delay (e.g., 15 or 30 minutes), to ensure the user reflects before making more trades.
• Historical Tracking: Provide a history of daily loss limits hit to allow traders to assess and fine-tune their risk management strategies over time.