The NSL Trader Exit Manager is a valuable tool for managing your exits effectively by providing clear and actionable insights regarding potential risks and rewards. It employs limit orders to protect your position, with customizable risk and reward parameters to align with your individual trading preferences and risk tolerance.
The Indicator provides two ways to exit a position:
- By using Limit Orders to exit the position.
- By using the Total PnL, which combines both the realized and unrealized PnL of the account, and comparing it with the Max Target or Max Loss to flatten all positions.
Here are the key features of the NSL Risk Management System:
- Instant email alerts for critical events: target/stop filled, position exits, and max target/loss exceeded.
- Automatic position closure (flatten) when max target or loss is reached.
- Trailing stop loss option when “net PnL” input is disabled.
- Easy adjustment of stop loss and target limits for flexible risk management.
- Option to automatically exit positions at the end of the trading day.
An instance of Stop and Target being implemented by a Risk Manager.

Indicator Setup Variables

