Comments for https://ctrader.com/products/2156

his is one of the most important questions, and the answer is at the core of our ElliottWaveBot's design philosophy.

The short answer is that "safety" does not depend on leverage or account size, but exclusively on the risk settings you configure inside the bot.

Here is our recommendation:

1. Leverage
   For this cBot, leverage is almost irrelevant.

Our bot is designed to manage risk based on your equity, not your margin. It gains no advantage from high leverage (like 1:500).

Recommendation: Use low or moderate leverage (e.g., 1:30). Higher leverage will not improve performance; it will only increase the risk of a catastrophic error if you intervene manually.

1. Account Size
   The ElliottWaveBot was built with an advanced module called "Risk Guardian," designed specifically for Prop Firm challenges and capital protection.

Because of this, you should not think in terms of "minimum account size," but in terms of "Maximum Risk Percentage."

The bot allows you to define your Max Daily Loss % and Max Total Loss %.

Recommendation for Safe Use: Our safety strategy, especially for Prop Firms, is to set the bot's Max Daily Loss to a much lower value than your account's limit.

Example: If your account has a 5% daily loss limit, set the bot's parameter to 1.5% or 2%.

Why? On a bad day, the bot will hit its own internal limit (e.g., -1.5%), automatically stop, close its positions, and protect your account. This keeps you far away from the true 5% limit and allows you to trade again the next day.

In summary, whether you have a 1,000€ or 100,000€ account, the logic does not change: the bot will only ever risk the exact percentage you have decided.

To discuss specific risk strategies and to download our "setfiles" optimized with these safety settings already configured, join our Discord channel: https://discord.gg/SWFU9pbz

What account size and leverage do you recommend for safe use?