Automation only does what your rules allow. The rules are a handful of numbers, and you set every one of them. In Autopilot each set of rules is called a profile.
Three starting points
You can start from a careful, a balanced or a bold setup. A careful setup places smaller orders, fewer of them, and starts in practice mode. A bolder one places larger orders more often. These are only starting points. Every number can be changed, and none of them is a suggestion for you.
The numbers that matter most
- Size per trade: how much each order uses. Autopilot starts at $100.
- Most open at once: how many trades can be open together. The default is 5.
- Your maximum: size per trade times most open at once. At $100 and 3 trades, you never have more than $300 in at once.
- Daily loss cap: if your losses for the day reach this amount, no new trades open until tomorrow. It is off until you set it.
- Trades per day: the default is 10.
- Leverage: choose None to trade only with money you have. Leverage borrows to make a trade bigger, and losses grow by the same multiple.
Stops and targets
By default a trade uses the stop loss and take profit that came with the signal. You can set your own instead. A stop loss sells if the price falls to a level you chose. In a fast market the sale can fill below that level.
Practice first
A new profile starts in paper mode, which simulates orders and touches no real money. Leave it there for a week or two. Watch what it would have done, then decide whether to switch it to live.
The off switch
Pause All stops new trades from every profile at once. It does not close trades that are already open, so check those after you pause.
A simple test for any setting: if every open trade lost its stop loss amount on the same day, could you live with the total? If not, make the numbers smaller.