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.

 

[Muscle_Trader]

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.

Don't overthink

Try variations of same strategy on 3 4 5 charts

Let it run. Then see the results

You guys are trying to plan perfection

That's not how this works!!

 

[Eviantyus]

Don't overthink

Try variations of same strategy on 3 4 5 charts

Let it run. Then see the results

You guys are trying to plan perfection

That's not how this works!!

I really agree with this statement. At the end of the day, nothing is ever perfect in the market, it’s all about managing risk based on the probabilities we have.

 

[Daneil]

I really agree with this statement. At the end of the day, nothing is ever perfect in the market, it’s all about managing risk based on the probabilities we have.

I'm new here and also new to software as well . i don't really know my probalilities yet - i still need some time to figure that out . i'm sure you've been here for while so my question is this : now that this trend has started , should i focus on limiting my risk or on setting max order ? i'm not sure i understand it .

 

[Eviantyus]

I'm new here and also new to software as well . i don't really know my probalilities yet - i still need some time to figure that out . i'm sure you've been here for while so my question is this : now that this trend has started , should i focus on limiting my risk or on setting max order ? i'm not sure i understand it .

I’m also still in the learning phase, so I can relate to your point. From a more conservative perspective it might be better to focus on controlling risk first. Once you get more comfortable with the process, you can start adjusting and increasing your settings based on your conviction and experience.