# Risk Management

**This section controls risk when using the Automatic Position Sizing mode (recommended)**

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* **Automatic Position Sizing Mode**
  * Enables this mode. If unchecked, the manual Risk Management mode and its settings discussed below will be used
* **Display PNL**
  * This will display the PNL for active positions
* **Account Size**
  * The balance of your account (if live), or the drawdown amount (if a prop firm account)
* **Max Risk Per Trade**
  * Value is a percent
  * Recommended max risk per trade is 3%
* **Max Risk Per Day**&#x20;
  * Value is a percent
  * Recommended max risk per day is 10%
* **Reward/Risk Ratio**
  * Value is a whole number
  * This is a very important value and will be used to determine where your take profit will be (Fixed Take Profit Mode)
  * If you use a value of 5 and the risk of the zone if $150, then your take profit will be 5 times this at a price that will result in $750 in profit.

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**This section controls risk when in manual mode**

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* **Sim PNL Mode**
  * Ignores max loss or max gains settings
* **Order QTY**
  * The number of contracts you want to trade
* **Fixed Take Profit Target (currency)**
  * The value entered is the amount in currency you want to make for your take profit
  * The order qty is factored into where this profit target order is placed
* **Daily Max Gain**
  * Value is in currency
  * Provides a limit to the amount you wish to gain and will stop trading once your account reaches this amount&#x20;
* **Max Loss Per Trade**
  * Value is in currency
  * Restricts which zones will be traded on based on your max loss setting
  * For example, if your max loss if $250 and a zone is drawn with a risk amount of ($300), this exceeds your risk amount per trade and no trade will be taken at this zone.
* **Daily Max Loss**
  * Value is in currency
  * This will stop trading once your account traded in by your strategy exceeds the max loss value
  * Warning: We don't recommend you 100% rely on this setting to stop you from loosing more than inputted amount. We highly recommend you have a failsafe max loss method set up directly within your broker. Most brokers have a way to setup a max loss per day setting.