Comments for https://ctrader.com/products/2107
Comments for: https://ctrader.com/products/2107
- CCurrencySniper188
What account size and leverage do you recommend for safe use?
Regarding account size and leverage, please consider the following parameters based on our internal testing:
Lot Size: We recommend starting with a micro size of 0.01. This allows you to test the strategy's logic with minimal risk.
Leverage: Our tests are conducted using 1:500 leverage. However, it is important to remember that the lower the leverage, the lower the overall risk to your account.
Account Size: While the bot can run on smaller accounts, a larger capital base provides more breathing room for the strategy to operate within its drawdown limits.
Crucial Advice for Prop Firm Traders
Since this bot includes a Prop Firm Safety Module, "safe use" also depends on your risk settings:The 1% Rule: As stated in our operating philosophy, never set the bot's Max Daily Drawdown to match your firm's limit. If your firm allows 4%, set the bot to 1% or 1.5%. This ensures the bot acts as a "Hard Stop" to protect your challenge.
Leverage Note: Many Prop Firms limit leverage to 1:20 or 1:30. If you are trading with lower leverage, ensure your account has enough margin to support the positions, as lower leverage requires more collateral.