Q about Risk % vs Max Orders

[mgpaulus]

Hi all,

SO, currently, in order to make sure I don't go into/over my margin requirements, I have my
Lots (0=dynamic) = 0.0
Risk in % (if lots=0) = 0.25
Max orders (0=unlimited) = 8

Since I'm finally gaining back some ground that I lost, I don't want to willy nilly experiment to find out correlations, so I wondered if someone here could explain maybe?
My question is: Should I go with smaller Risk % and more orders, or should I increase my Risk % (say to .50) and then decrease my Max orders to say 4. I'm not sure if it's better
to have more smaller orders, or have fewer larger orders, and what exactly would be cons/pros of each side.

If anyone would care to provide some educational tips, I would be greatly appreciative.

 

[Sanchay]

Hi all,

SO, currently, in order to make sure I don't go into/over my margin requirements, I have my
Lots (0=dynamic) = 0.0
Risk in % (if lots=0) = 0.25
Max orders (0=unlimited) = 8

Since I'm finally gaining back some ground that I lost, I don't want to willy nilly experiment to find out correlations, so I wondered if someone here could explain maybe?
My question is: Should I go with smaller Risk % and more orders, or should I increase my Risk % (say to .50) and then decrease my Max orders to say 4. I'm not sure if it's better
to have more smaller orders, or have fewer larger orders, and what exactly would be cons/pros of each side.

If anyone would care to provide some educational tips, I would be greatly appreciative.

hi @mgpaulus I can not directly recommend you about what to put in Risk % or Max Orders however i can tell you how do they work and you can adjust them according to your needs. For Risk in %, This setting tells the trading bot (like Galileo FX) how much of your account balance to risk on each trade. For example: If your account has $10,000, And your Risk in % is set to 0.25, Then each trade will risk 0.25% of $10,000, which is $25, If the trade hits your stop loss, you'll lose $25. The bot calculates the trade size (lot size) automatically based on this risk setting.

Think of it as a self-imposed limit to avoid losing too much money too quickly.

For Max Orders, This setting tells the bot how many open trades it is allowed to have at the same time. For example: If you set Max Orders = 4, the bot can only open 4 trades at once, even if more trading opportunities appear. If you set it to 0, that means no limit — it can open as many trades as it wants (which can be risky). This is used to control exposure in order to make sure you're not putting too many trades on the table at once, which could stretch your margin or risk.


In conclusion we can say,

• Risk % = How much to risk on each individual trade
• Max Orders = How many trades are allowed to be open at the same time

Both are risk management tools — one controls the size of each trade, the other controls how many trades are active at once.