Strategies settings

How to customize your Strategies settings

With Strategies settings you can set predefined values that are automatically shown when you create a new trading strategy. Strategies settings are meant to speed up the process of creating new strategies and are very useful if you are a trader or a scalper that always use a similiar same setup, like same Stop-loss and Take profit.

To customize your Strategies settings follow these steps

1. Log in to your PersonalTrader dashboard and navigate to: Settings > General settings > Strategies settings.

2. In the first section, you can enter the default size and the default leverage that should be used in your trading strategies.

3. In the second section, you can enter the default Stop-loss percentage and the default Take profit percentage that should be used in your trading strategies.

4. (Optional) You can enter the default Break-even percentage and Break-even threshold that should be used in your trading strategies. To learn more about Break-even click here.

5. (Optional) You can enter up to 3 default Lock profits percentage and Lock profits threshold that should be used in your trading strategies. To learn more about Lock profit click here.

6. On the right column (or below if you're on mobile) you will see many useful statistics, like how much you can win and lose with each trade, the risk/reward ratio, and how much margin you will use and risk based on your entire account balance and much more.

7. General settings are applied to all trading strategies, not one in particular, and consist in:
- Max open trades per strategy: limit how many real trades can be simultaneously open for each strategy. Once the limit is reached, the strategy won't open new trades on Exchange. Leave “0” to allow unlimited trades to be opened for each strategy.
- Max open trades in total: limit how many real trades can be simultaneously open in total, no matter what trading strategy. Once this limit is reached, trading strategies won’t open new trades on Exchange. Leave “0” to allow unlimited trades to be opened.
- Max lost trades per day: limit how many real trades you could lost each day at maximum. Once this limit is reached, trading strategies won’t open new trades on Exchange. Leave “0” to allow unlimited trades to be lost each day.
- Max won trades per day: limit how many real trades you could win each day at maximum. Once this limit is reached, trading strategies won’t open new trades on Exchange. Leave “0” to allow unlimited trades to be won each day.

8. When you have finished, don't forget to click the "Save settings" button to apply your changes.

Strategies settings are preloaded every time you create a new trading strategy, but you don't necessarily have to use them each time, you can change each field on a single strategy basis.