The Weekly Loss Limit is Calculated on Net P/L starting at the beginning of the week (Sunday, 5 PM CT). It will include all fees, commissions as well as realized and open P/L. This value is monitored in real-time. When your Weekly Loss reaches the amount entered, your working orders will be canceled, your positions will be liquidated and your account will be unable to place trades unless this value is increased or disabled.
To enable this, click on your account in the upper account bar and then click on “Week Loss Limit”:
Then check the box to enable the weekly loss limit and enter a “Weekly Loss Limit” amount and save these changes: