The position cap limits how many positions an account holds at the same time. Set it to 2, and of ten signals arriving together, two open a position. It is off until you set it, and unlike the daily limits it never locks the account.
Set it
Open the account's settings: press the cog at the top right of the account's page. Pressing its Position cap on a desktop, or Account limits on a phone, opens them too.
Under Position cap, switch on Cap.
Set the number with − and +, up to 50.
Press SAVE.
On the Matrix, an account with a cap shows how full it is, such as 2/2; on a phone, only once it is full. On a desktop, press it, then Change the cap.
What counts as a position
Each contract the account holds counts once, whatever its size: 5 MNQ is one position, and MNQ and MES are two.
Positions you opened yourself count too.
Only one agent at a time can hold a product on an account, so a full account holds that many different things. See One agent per product.
When the account is full
A signal that would open something new is skipped, and Activity says account full. It isn't kept for later.
A signal for something the account already holds still trades, so adding, taking some off, reversing and closing are never blocked.
The cap never stops a flatten.
As soon as a position closes, there is room again, and the next signal for something new can open one. Whichever comes first takes the room.
On a desktop, a full account says holding 2 of 2 — full. Its settings say so too, on a phone or a desktop.
For a limit on the day's loss or profit, see Daily loss limit and profit target.
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