YourBourse launches Stop-Out plugin for FX brokers to govern abusive scalper flow

Rick Steves

The Stop-Out tool is believed to play a crucial role in fostering transparent, efficient, and secure trading environments. Brokers can also expect increased efficiency and profitability in their prop trading endeavors.

Your Bourse has announced the launch of the Stop-Out Plugin, a tool designed to enhance trading management and offer brokers a powerful tool to govern abusive scalper flow.

Stop-Out allows brokers to stop out or disable accounts on the MT4 Server based on predetermined equity thresholds.

With its comprehensive functionality and customizable parameters, the Stop-Out Plugin brings greater control and efficiency to prop trading.

Monitoring the equity of individual accounts on the MT4 Server

Your Bourse’s Stop-Out Plugin operates by continuously monitoring the equity of individual accounts on the MT4 Server, the technology vendor explained. Upon installation, the plugin assesses the first deposit amount for each account and subsequently tracks all trades executed within those accounts.

It compares the current equity to specified values, known as the “negative stop-out” and “positive stop-out” parameters. Suppose the equity falls below the negative stop-out value or rises above the positive one. In that case, the plugin takes action by closing all open positions and limit/stop orders for the respective account and disabling it. The account is then labeled with a “failed” or “passed” indicator, depending on the stop-out condition met.

The Stop-Out Plugin allows brokers to configure different negative and positive stop-out parameters for various groups of accounts, offering greater flexibility and customization. This feature enables brokers to tailor their risk management strategies to specific trading groups, ensuring precise control over each account’s performance and risk exposure.

After installing the plugin in MT4, all the further settings and management are carried out through the user-friendly Your Bourse platform interface.

Your Bourse’s Stop-Out Plugin automatically monitors and disables accounts based on equity thresholds in order to empower brokers with enhanced control, risk management, and protection against scalping activities.

Such tool is believed to play a crucial role in fostering transparent, efficient, and secure trading environments. Brokers can also expect increased efficiency and profitability in their prop trading endeavors.

Your Bourse offers a smooth integration into existing setups for a seamless risk management experience tailored to each client’s requirements.

Stop-Out Plugin as defense against scalpers, but also valuable for prop trading contests

Your Bourse gave an example of how the Stop-Out Plugin works, noting its value for prop trading contests and to deter scalpers, among other applications:

“To illustrate the practical application of the Stop-Out Plugin, consider a scenario with two trading accounts, “Green” and “Yellow,” both hosted on an MT4 server equipped with the plugin. Assuming a negative stop-out parameter of 0.90 and a positive stop-out parameter of 1.5, any account with equity falling below 90% of the first deposit or rising above 1.5 times the first deposit will be disabled.

“Suppose the “Green” account starts with an initial deposit of $100 and experiences a loss of $15, reducing its equity to $85. In this case, the Stop-Out Plugin will promptly close all open positions for the “Green” account and disable it, changing its name to “Green – FAILED.”

“Concurrently, the “Yellow” account, with an initial deposit of $100, sees a profit of $60, resulting in an equity of $160. The plugin will similarly close all open positions and limit/stop orders for the “Yellow” account while changing its name to “Yellow – PASSED.”

“While the Stop-Out Plugin is particularly valuable for trader contests where brokers allocate funds to trading accounts, it offers numerous benefits in other scenarios as well. One notable application is its utilization as a robust defense against scalpers.

“Scalpers, who aim to profit from short-term price discrepancies, can be detrimental to brokers’ trading operations. By configuring the stop-out parameters appropriately, brokers can effectively deter scalpers, ensuring fair and secure trading environments.”

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.


Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.