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Risk Control Utility

Cerberus is a risk management utility designed to monitor account equity in real time and enforce strict loss limits at the account level. It operates independently of trading strategies and focuses on preventing large drawdowns caused by system failures, unexpected market conditions, or discretionary behavior.

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Purpose

The tool is intended to act as a final layer of protection by:
  • limiting maximum account drawdown
  • preventing further losses once a threshold is reached
  • ensuring that risk exposure cannot escalate beyond predefined limits

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Functionality

Cerberus continuously monitors account equity and allows the user to define:
  • a minimum equity threshold
  • an optional maximum equity threshold
When either level is reached, the tool:
  • closes all open positions
  • removes all pending orders
  • disables all active EAs
After this intervention, Cerberus continues to monitor the account and prevents any further trading activity until it is manually reset.

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Visual Overview

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Notifications and Safety

All actions performed by Cerberus are:
  • displayed on the screen
  • logged in the platform
  • communicated via notifications
The tool also performs validation checks on input parameters and trading conditions to reduce configuration errors.

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Use Case

Cerberus is particularly relevant for:
  • automated systems running unattended (e.g. VPS)
  • strategies exposed to unexpected market behavior
  • discretionary trading where loss limits must be enforced externally

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Key Insight

Risk control at the account level is essential when individual strategies fail.

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Documentation

A complete description of all features and parameters is available here: → [Full Manual]