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Circuit Breaker

An account-level rule that halts new trades when a drawdown, daily-loss, or exposure limit is hit.

A circuit breaker protects the account rather than any single trade. Common breakers stop opening new positions when equity falls a set percent from its peak (max drawdown), when the day's loss exceeds a limit (resetting the next day), or when too many positions are already open (max concurrent).

The purpose is to stop a bad run from compounding into a catastrophic one — to force a pause when the strategy is clearly out of sync with the market. Existing positions are typically managed by their own stops; the breaker governs new risk.

Exemple

A daily-loss breaker set at 5% halts all new entries after the account is down 5% on the day, then re-arms at the next session.

Comment Noon Barbari utilise Circuit Breaker

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