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Monitors

After an account has been added to the Account Manager, we can create a configuration for the account and then evaluate the account's session performance every 2.5 seconds against that configuration. We call this a Monitor.

One Monitor can be created for each account in your NT8.

This page describes monitors for NT8 accounts, where changes are pushed down to the CrossTrade NT8 Add-On. Linked Tradovate accounts use the same Monitor concept, but everything runs from CrossTrade's cloud instead: no Add-On involved, evaluation reacts to account activity in near real time with a background refresh at least about every 10 seconds when idle, and it's configured from the Tradovate Account Manager page. See Tradovate Account Manager for details.

A monitor reads your account's realized P/L, unrealized P/L and commission as they update, compares the total against the profit target and maximum loss you set, and when a threshold is crossed it limits incoming signals, flattens open positions, then cancels working orders.

What a monitor reads, what you set, and what it does when a threshold is crossed

Editing a Monitor​

To edit a monitor, click the pencil (Edit) button in the Actions column:

The monitor editor for Sim102 open over the Account Management grid, with the pencil Edit button highlighted in the Actions column.

The editor holds the monitor's mode, thresholds and actions, and flatten time.

When a configuration is updated and changes are Saved, they're immediately pushed down to the CrossTrade NT8 Add-On.

Restarting a Monitor​

When a monitor reaches its profit or loss threshold, it stops and shows STOPPED for the rest of the session. It re-arms on its own at the 6 PM ET session open. To resume sooner, click the restart icon next to the pencil button.

The Restart Monitor button next to the pencil in the Actions column.

Clicking on the restart button opens a pop-up similar to the Add/Edit monitor window, giving you a chance to make any changes to the monitor configuration before reactivating.

To restart a monitor after it has been triggered by hitting a profit or loss target, the new profit and loss targets must be beyond the bounds of the current total P/L calculation. So, for example, if your profit target was set at +$100 and the monitor triggered to get you out at $107.50, the new Profit Threshold must be greater than $107.50.

As soon as you click the "Restart" button, changes are saved, status is reset to ACTIVE and the monitor begins scanning again immediately.

Enabling/Disabling a Monitor​

The Monitor On/Off switch in the Account Manager grid.

Turning the Monitor On/Off switch on sets the monitor to ACTIVE status and begins scanning in your NT8 account immediately (assuming the CrossTrade NT8 Add-On is connected).

Turning a monitor off stops all scanning and prevents CrossTrade from taking any action on the account, including auto-flattening.

Deleting a Monitor​

To delete a monitor, click the trash can icon in the Actions column and confirm with Yes, Delete. The monitor stops immediately.

The Confirm Delete dialog asking whether to delete the monitor for Sim101.