1. Your Bourse Platform User Guide
  2. MT4 Bridge

MT4 Exposure Limit in the MT4

Exposure Limit is a parameter on the YourBourse platform that can be configured to limit the amount of positions a trader can open on the MetaTrader 4. By monitoring the volume of open lots a value can be specified that if exceeded stops the trader opening any new positions.

NOTE: The Parameter can't be currently configured on the cloud portal therefore requires a request to the Support Team.

 

Configuration Options 

 

The Exposure Limit parameter can be configured in many ways however there are two main modes that must be considered. Each mode provides a different calculation to the volume of open lots.

  • Netting - this mode considers both buy and sell directions. For example, if a trader has bought 200 lots of EURSUD and sold 100 lots of EURUSD the net volume of lots is 100 (200 - 100 = 100).

  • Side - Side mode looks at the absolute volume of trades open for each side (buy/sell). For example, if a trader has bought 200 lots of EURSUD and sold 100 lots of EURUSD the volume of lots for the 'buy' side is 200 (200 + 0 = 200).

The YourBourse platform allows the configuration of this parameter to specific accounts and groups. Furthermore, one can specify whether the limit is in the MetaTrader lots or in notional value.

Multiple groups and accounts can be configured to have the same or different exposure limits, furthermore limit rules can also be applied to a singular account or group.

 

Checking the Exposure Limit Parameter

 

To check the Exposure Limit Parameter has been applied successfully the user can make trades and check them in the Journal of MT4/MT5 Administrator.

On the screenshot below, the Exposure Limit parameter has been configured to have a Side Limit of 2 lots. Now lets buy 3 lots of EURUSD and check the MetaTrader 4 logs.

We can see the message that the Exposure limit was breached by new volume“. It means that the Exposure Limit parameter was activated since the new volume (3 lots) exceeds the specified exposure limit volume (2 lots for each of the side).

The parameter also works in more complicated scenarios, for multiple orders.

On the screenshot below, the Exposure Limit has been configured to have a Netting limit of 2 lots, lets buy 2 lots, sell 1 lot and try to by another lot.

Since 2 lots are bought and 1 lot is sold, current volume should be 1 (2 - 1 = 1). Another lot can be purchased since current volume (1 lot) is less than exposure limit (2 lots). As a result, we have a notification in the MT4 logs that the Exposure limit was breached by new volume.