Position Limit Reached?

[pfunkyfize]

Hi all, new to trading and the bot trading industry-

I recently bought the Personal level of Galileo FX and having a good time learning with a Demo account. I opened the Journal tab in MT5 and saw these errors pop up...

"2024.05.28 17:38:10.036 Trades '82274312': failed instant buy 0.01 USDJPY at 157.181 tp: 157.381 (deviation: 10) [Position limit reached]"
"2024.05.28 17:37:08.395 Trades '82274312': failed instant sell 0.01 USDJPY at 157.157 tp: 156.957 (deviation: 10) [Position limit reached]"

Does that mean I could not take a profit even if the criteria for taking it was there?

Is this position limit only for Personal level customers of the bot? As far as I know I thought the limitations on Personal/Plus/Pro levels is the amount of profit you can take monthly.

Thanks!

 

[Joeboy]

Hi all, new to trading and the bot trading industry-

I recently bought the Personal level of Galileo FX and having a good time learning with a Demo account. I opened the Journal tab in MT5 and saw these errors pop up...

"2024.05.28 17:38:10.036 Trades '82274312': failed instant buy 0.01 USDJPY at 157.181 tp: 157.381 (deviation: 10) [Position limit reached]"
"2024.05.28 17:37:08.395 Trades '82274312': failed instant sell 0.01 USDJPY at 157.157 tp: 156.957 (deviation: 10) [Position limit reached]"

Does that mean I could not take a profit even if the criteria for taking it was there?

Is this position limit only for Personal level customers of the bot? As far as I know I thought the limitations on Personal/Plus/Pro levels is the amount of profit you can take monthly.

Thanks!

It has something to do with the lot size position you are executing on the trade.

1. Dynamic Lot Size Calculation:
   • The EA dynamically calculates the lot size based on the risk percentage and your account balance.
   • As your account balance grows, the lot size will automatically increase to align with the risk percentage you have set.
   • This ensures that your position sizes are adjusted in proportion to your account size, allowing for controlled risk management.

For further clarification, you can contact support@galileofx.com

 

[pfunkyfize]

Oh Ok,

I've been leaving the default risk percentage of .5% and have yet to change it. Another variable i need to think of. Thanks!

 

[Vinz]

Hi all, new to trading and the bot trading industry-

I recently bought the Personal level of Galileo FX and having a good time learning with a Demo account. I opened the Journal tab in MT5 and saw these errors pop up...

"2024.05.28 17:38:10.036 Trades '82274312': failed instant buy 0.01 USDJPY at 157.181 tp: 157.381 (deviation: 10) [Position limit reached]"
"2024.05.28 17:37:08.395 Trades '82274312': failed instant sell 0.01 USDJPY at 157.157 tp: 156.957 (deviation: 10) [Position limit reached]"

Does that mean I could not take a profit even if the criteria for taking it was there?

Is this position limit only for Personal level customers of the bot? As far as I know I thought the limitations on Personal/Plus/Pro levels is the amount of profit you can take monthly.

Thanks!

maybe you could no longer open trade since yur margin is already reached or you may have adjusted the parameter in the bot about max buy or max sell

 

[pfunkyfize]

Hm, my max order configuration was set to 0 . I am wondering if this is because I am using Personal and not Pro level version?

 

[Vinz]

Hm, my max order configuration was set to 0 . I am wondering if this is because I am using Personal and not Pro level version?

how much is your accout balance , can you send screenshots of the error and the parameter settings

 

[pfunkyfize]

I was also using a M1 Timeframe on the USDJPY chart

 

[Vinz]

Hm, my max order configuration was set to 0 . I am wondering if this is because I am using Personal and not Pro level version?

I think its not affected by what account you have

 

[pfunkyfize]

I think its not affected by what account you have

Yeah I saw someone mention that 200 open positions is the Maximum. I have exactly 200

 

[Joeboy]

Yeah I saw someone mention that 200 open positions is the Maximum. I have exactly 200

200 open that's insane

 

[pfunkyfize]

200 open that's insane

Crazy, right? Anyway, I backed them out and 200 is the max number we can have open before it refuses more orders.

 

[Joeboy]

Crazy, right? Anyway, I backed them out and 200 is the max number we can have open before it refuses more orders.

this is in Demo right?

 

[pfunkyfize]

That is correct, it's in Demo.

 

[scrappyjedi]

Yeah I saw someone mention that 200 open positions is the Maximum. I have exactly 200

200 Open Positions is an extremely high number. It sounds like your entire account balance would be on the market where more trades couldn't be executed. Send Vinz your screenshot of MT so they can check it out!

 

[pfunkyfize]

Does the max order setting only keep track of the orders the bot made not including the one click manual buy/sell button in MT5?

 

[Joeboy]

Does the max order setting only keep track of the orders the bot made not including the one click manual buy/sell button in MT5?

Just to answer this I even try it on my MT5 and the answer is no, it doesn't count the one click manual buy and sell