To effectively help manage discretionary risk management given trader psychology, it would be better if some of the alarms had the option of NOT turning off (and hence easily ignored) in the current session after a given risk parameter setting is tripped.
Specifically: For the Close All Positions after x number of losses, it would be good to have two options, such that you could, for example, stop any orders for 15 minutes after 1 loss and then stop all orders for the current session after 2 losses (or whatever number one chooses, but two different inputs). So that one set would serve as a break while the next would cease trading in the current session, with no or limited reset options in the current session (such as having to shut down and restart or wait an hour or two).
Same suggestion for the other alarms involving shutdown for drawdown, max account % loss, etc.
This suggestion was migrated from the old forum and originally posted by Wolf