Every risk setting on hypeRank answers the same question in a different way: under what circumstances should this follow stop adding risk? They differ in what triggers them and in what happens next, and the difference matters.
- Stop loss
- Per follow, in dollars, measured on open loss for that trader. When breached, copying of new trades stops and the follow pauses. It does not close positions you already hold.
- Daily loss limit
- Measured on realised loss within the day. When crossed, further opening trades are blocked until the next day and you are notified. Reducing trades still pass.
- Max open positions
- A ceiling on concurrent mirrored positions. Reducing trades are never blocked by it.
- Leverage cap
- Orders above the lower of your cap and the market's own maximum are rejected outright.
- Notional cap
- Orders larger than your maximum position size are not sent.
- Slippage cap
- Orders that would require more slippage than you allow are not sent. On thin books this is what stops a fill at a price you would not have accepted.
- Excluded markets
- Any market you exclude is skipped, even when the trader is active in it.
Pausing and stopping are different actions with different consequences. A paused follow stops copying new trades and leaves what you hold alone. Stopping a follow ends it: the positions that were mirrored from that trader are closed, and the follow moves into your history. If you want to keep the positions and only stop the copying, pause rather than stop.
These limits are checked before an order is sent, not after. A follow that is paused, an agent that has expired, a market you excluded, a cap you set: each one prevents the order rather than reporting on it afterwards. The full list of pre-trade checks is on the reliability page.
Defaults exist so that a follow created without thinking about risk still has boundaries. They are starting points sized against your allocation, not recommendations, and every one of them can be changed or switched off.