// PRODUCT

RMS Tool: Automatic Risk Management for Trading

The RMS Tool is MyAlgoMate's automatic risk management software for traders who want their own limits applied for them. It watches your open positions and exits them when the Max Profit, Max Loss, time-based or Protect Profit rules you set are reached, per account or across all. It runs on your own Windows PC or your own cloud server.

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What is RMS Tool?

An RMS (risk management system) tool watches your open positions and exits them automatically when the limits you set are reached. MyAlgoMate's RMS Tool applies Max Profit and Max Loss on your MTM, time-based exits and Protect Profit rules, per account or across all strategies, on 150+ Indian brokers, including Zerodha, Angel One, Upstox, Dhan, Fyers, Kotak Neo, Groww, Alice Blue and R Money. It costs from ₹1,000 a month per trading account on the annual plan (+ GST). You set every limit. MyAlgoMate provides technology only, not investment advice.

Key facts

Price: From ₹1,000 a month per trading account on the annual plan, list price (+ GST)
Diwali offer: ₹800 a month on the annual plan with code DIWALI2026
Brokers: 150+ Indian brokers, including Zerodha, Angel One, Upstox, Dhan, Fyers, Kotak Neo, Groww, Alice Blue, R Money and many more — explore the full list →
What it does: Applies the risk limits you set to your open positions, automatically
Exits: Max Profit and Max Loss on MTM, plus a time-based exit
Protect Profit: Lock and trail rules as your MTM moves
Which legs: Exit all, sell-only, buy-only, loss-making or profit-making legs
Applies to: Each account, or across all strategies together
Short options: Optionally skip exiting short options above a price you set

Last updated: 13 November 2026

// PRICING

Plans

Pay for the tools you use. All prices in INR, exclusive of GST.

Diwali offer — up to 20% off, already in the prices belowDIWALI2026

Enter code DIWALI2026 at checkout to get the price shown. Already a customer? You can use it to renew — the new plan is added on top of your current subscription and starts only after it ends, so your existing subscription stays valid and simply gets extended.

Best value

Annual

₹800/mo₹1,000/mo

billed ₹9,599 /yr🪔 Diwali 20% off

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Prices in INR, ex-GST

Quarterly

₹1,416/mo₹1,666/mo

billed ₹4,249 /quarter🪔 Diwali 15% off

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Prices in INR, ex-GST

Monthly

₹1,799/mo₹1,999/mo

billed monthly🪔 Diwali 10% off

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Prices in INR, ex-GST

Price is per client ID — one subscription is needed for each trading account (client ID).

// MAX LOSS

A max loss auto exit for Zerodha, Angel One and other brokers

Set a Max Loss and a Max Profit on your MTM, and the RMS Tool exits the positions you choose when either level is reached. It can also square off open positions at a time you pick, and it runs on your own PC or cloud server through your broker’s official API.

// BROKERS

Works with 155 brokers

Search for yours — connecting takes minutes, not a development project.

Including Zerodha, Angel One, Upstox, Dhan, Fyers, Kotak Neo, Groww, Alice Blue, R Money, 5 paisa, A.G.Shares And Securities, Abira Securities, AC Agarwal, Achintya Securities, Adroit Financial and more.

155 brokers

View all 155 supported brokers →

// HIGHLIGHTS

Features at a glance

The capabilities that matter most — the rest is configurable in detail below.

Max profit & max loss

Auto-exit all positions when MTM hits your set thresholds.

Time-based exit

Square off open positions at a time you choose.

Protect profit

Lock-in and trailing rules as MTM moves in your favour.

Don't sell above

Protect high-premium short legs at a price threshold.

Granular position control

Exit all, sell-only, buy-only, loss-making or profit-making legs.

Account & global level

Apply risk rules per account or across all strategies.

// EVERY SETTING

Every setting, explained

Every feature, explained at a functional level — pick any one to read how it works in the panel below.

RMS Features Details
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Risk Management Options:
Max Profit
If the MTM crosses the “Max Profit” threshold, it will exit all positions. For example, if you have set the “Max Profit” at 10,000, then whenever the MTM reaches 10,000, all positions will be exited.
Max Loss
If the MTM crosses the “Max Loss” threshold, it will exit all positions. For example, if you have set the “Max Loss” at -10,000, then whenever the MTM reaches -10,000, all positions will be exited.
While setting the maximum loss, if you are just starting trading, the “Max Loss” value should be negative. You can also set the “Max Loss” value to a positive number once your MTM is considerably positive. For example, if your current MTM is running at 50,000 and you want to exit positions if it goes down to 30,000, then you need to set positive 30,000 in “Max Loss”.
Time-Based Exit
You can set a time at which it will exit all the open positions. You can also mention which positions to exit as explained in the “Positions to Exit” section.
Don’t Sell Exit Position Above
If you have enabled this option with a price of, say, 500, then whenever a maximum profit, maximum loss, or Lock & Trail-based exit occurs, it won’t exit any options with a sell position and a price above 500.
Please note, that this does not apply to any other type of exit, including master maximum profit and maximum loss.
Max Profit/Loss check interval
You can configure the interval for checking the max profit-based exit and max loss-based exit individually for both. Below are the different modes that you can set.
Every Tick: If you set the mode to “Every Tick” then it will check the “Max Profit/Loss” at every tick. It will exit positions whenever it crosses the respective value.
1 Minute: If you set the mode to “1 minute” then it will check if the Max Profit/Loss is hit at every one-minute interval, such as 09:16:00, 09:17:00, and so on. If you configure the settings at an odd time, say 09:20:50, then it will start checking from 09:21:00 onwards.
5 Minute: If you set the mode to “5 minutes,” then it will check if the Max Profit/Loss is hit at every five-minute interval, such as 09:20:00, 09:25:00, and so forth. If you configure the settings at an odd time, say 09:22:30, then it will start checking from 09:25:00 onwards, aligning with the next five-minute interval.
Exit Modes:
You can configure the “Exit modes” individually for both “Max Profit” and “max Loss”. Below are the different modes that you can set.
Immediate If “Immediate Exit” is selected, it will immediately start exiting positions when “Max Profit/Loss” is triggered.
Delayed Exit If “Delayed Exit” is selected, it will wait for a specified number of seconds once MTM crosses the “Max Profit/Loss” threshold. You can specify the no of seconds.
Ticks If you have set the mode to “Ticks” and specified 5 ticks, then it will wait for 5 consecutive ticks above/below the Max Profit/Loss thresholds and then exit. If you don’t get consecutive 5 ticks, then it will reset the counter.
Positions to exit:
You can configure the “Positions to exit” individually for “Max Profit”, “Max Loss”, and “Time-Based Exit”. Below are the different modes that you can set.
Exit All Positions
Exit All Loss Making Positions
Exit All Profit Making Positions
Exit All Sell Positions
Exit All Sell Profit Making Positions
Exit All Sell Loss Making Positions
Exit All Buy Positions
Exit All Buy Profit Making Positions
Exit All Buy Loss Making Positions
Protect Profit
The following modes are available for the “Protect Profit” feature.
Lock Minimum Profit:
Assuming the “If Profit Reaches” parameter is set to 10000 and the “Lock Min Profit At” parameter is set to 5000.
When the profit reaches 10000, the system will lock the minimum profit at 5000.
All positions will be exited when the MTM decreases to 5000.
This action is performed only once.
Trail Profits:
Assuming the “Increase in Profit” parameter is set to 5000 and the “Trail Min Profit by” parameter is set to 3000.
The system will trail the minimum profit by 3000 for every 5000 increase in profit.
When the profit reaches 5000, the minimum profit will be locked at 3000.
When the profit reaches 10000, the minimum profit will be locked at 6000.
The locking of the minimum profit continues for subsequent increases in profit.
Lock & Trail Profits:
This mode first locks in the profit at the “Lock Min Profit” value, then begins trailing profits.
For example, if “Profit Reaches” is set to 10000, and “Lock Min Profit At” is set to 5000, with an increase in profit of 5000 and a “Trail Min Profit by” value of 3000:
When your profit reaches 10000, the minimum profit will be locked at 5000.
When your profit reaches 15000, the minimum profit will be locked at 8000.
When your profit reaches 20000, the minimum profit will be locked at 11000, and so on.
Trail Max Loss:
With max profit and max loss both set at 10000, and trail max loss X and Y at 1000 and 500 respectively:
As MTM increases from 0 to 1000, the max loss will be trailed from -10000 to -9500.
As MTM increases to 1500, the max loss will be trailed to -9000.
With the MyAlgoMate RMS Tool, you can automate risk management, control trading positions and apply your profit and loss limits in real time. This advanced RMS tool is built for traders and brokers who want their risk rules applied precisely in modern financial markets.
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// FAQ

RMS Tool FAQ

How do I square off all positions automatically at a maximum loss?

Set your Max Loss in the RMS Tool and choose which positions to exit (for example, all positions). When your MTM reaches that level, the tool exits those positions through your broker's official API. It runs on your own PC or your own cloud server.

What does the RMS Tool do?

It watches your open positions and exits them automatically when the limits you set are reached — Max Profit and Max Loss on your MTM, a time-based exit, and Protect Profit rules.

How do Max Profit and Max Loss work?

When your MTM reaches the Max Profit or Max Loss level you set, the RMS Tool exits your positions. For example, with Max Loss set to -10,000, it exits when MTM reaches -10,000.

Is this the same as my broker's auto square-off?

No. Your broker squares off open intraday positions at its own cut-off time. The RMS Tool exits at the time and the MTM levels you set yourself, from your own PC or cloud server, through your broker's official API.

Can I choose which positions it exits?

Yes: all positions, sell-only, buy-only, loss-making or profit-making legs.

Does it work per account?

Yes. Apply the rules to each account, or across all strategies together.

What is “Don't Sell Exit Position Above”?

Turn it on with a price you set (for example 500), and a Max Profit, Max Loss or Lock & Trail exit will not exit short options priced above that level. It does not apply to any other type of exit.

Does the RMS Tool decide my trades?

No. You place your own trades and set every limit; the RMS Tool only applies them. MyAlgoMate provides technology only, not investment advice.

How is it priced?

Per trading account (client ID): you need one subscription for each account it runs on. The current plans are listed on this page, plus GST.

// AUTO SQUARE OFF

Auto square off at a time you choose

Set the time of day at which the RMS Tool exits your open positions, and it squares them off at that time — separately from your broker’s own intraday cut-off. Add Max Profit and Max Loss levels on your MTM, and it exits as soon as either is reached.

The rules apply to each account on its own or across all of them, and the orders go to your broker through its official API from your own PC or cloud server. What is auto square-off?

// OVERVIEW

Risk management is a core part of trading in fast-moving markets. MyAlgoMate's RMS Tool gives traders intelligent, automatic risk controls, so the limits you set are applied with discipline.

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// REVIEWS

What people say about RMS Tool

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What is RMS Tool?

Key facts

Plans

A max loss auto exit for Zerodha, Angel One and other brokers

Works with 155 brokers

Features at a glance

Max profit & max loss

Time-based exit

Protect profit

Don't sell above

Granular position control

Account & global level

Every setting, explained

RMS Features Details

Risk Management Options:

Max Profit

Max Loss

Time-Based Exit

Don’t Sell Exit Position Above

Max Profit/Loss check interval

Exit Modes:

Positions to exit:

Protect Profit

RMS Tool FAQ

How do I square off all positions automatically at a maximum loss?

What does the RMS Tool do?

How do Max Profit and Max Loss work?

Is this the same as my broker's auto square-off?

Can I choose which positions it exits?

Does it work per account?

What is “Don't Sell Exit Position Above”?

Does the RMS Tool decide my trades?

How is it priced?

Auto square off at a time you choose

What people say about RMS Tool

No reviews yet

Write a review

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