Risk management scripts are used for managing risk by modifying or cancelling trading strategy orders based on portfolio level risk analysis.
This script can be used in several ways:
- It can be used to manage risk by providing a bird's eye view of the entire portfolio, including all of its strategies.
- It can be used to limit overexposure to a single symbol due to multiple trading strategies that are trading it.
- It can be used to manage risk during market meltdowns or during extreme volatility.