> ## Documentation Index
> Fetch the complete documentation index at: https://www.emoguardian.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Limits explained

***1. Max open Volume per Position (lots):***  this is the max number of lots that you allow for a single position. If you have multiple positions on the same symbol, each position will be treated separately, and the limit will apply on each single position and not on the symbol tot. volume. ACTION TAKEN: when the max volume per position is reached, the position will be resized and automatically capped at the max allowed volume.

***2. Max Daily Volume (open + closed) (lots):***  this is the max number of lots that you are allowed to trade during the day. It takes into account both closed operations as well as opened positions, from 00:00:00 to 23:59:59.  ACTION TAKEN: when the max volume per day is reached, every further trade will be closed. The last trade that causes the limit to be surpassed will be resized so that it is according to the max size allowed before surpassing the limit. All EAs will be killed. The reason why EAs must be killed is simple: we want to avoid EAs taking trades that would be immediately flattened because they surpass the max daily volume. This might result in tens or hundreds of trades being taken and immediately flattened and could destroy the whole account with commissions costs.

Example: Max daily Volume is 100 lots, you have closed a total volume of 74 lots and have still opened 12 lots. In this case you can still trade 14 lots for the day (100-74-12). If you take a trade of 30 lots, it will be immediately resized to 14 lots.

***3. Max Simultaneous total open Volume (lots):***  this is the max number of lots that you are allowed to have opened at the same time. ACTION TAKEN: once this limit is reached any further trade will be closed or resized accordingly. The resize will take place so that the total open volume will stay below the imposed limit.

***4. Max number of trades per day:***  this is the max number of trades that you are allowed to take from 00:00:00 platform time to 23:59:59 platform time. A trade is a successful deal that results in an open position. ACTION TAKEN: once this limit is reached no further trade will be allowed. As soon as a position is opened it will be flattened.  All EAs will be killed. The reason EAs must be killed is simple: we want to avoid EAs taking trades that would be immediately flattened because they surpass the max daily volume. This might result in tens or hundreds of trades being taken and immediately flattened and could destroy the whole account with commissions costs.

***5. Max Consecutive losers:***  this monitors the length of the longest losing streak of trades. ACTION TAKEN: once this limit is reached, the trade will be blocked until the next day. All position will be flattened, all orders will be canceled and all EAs will be killed. On top of this any further trade will be immediately flattened. The strong "punishment" for violating the "max consecutive losers" condition is easily explained: this condition is normally violated when traders are in strongly emotional and irrational states. In these conditions a trader can blow up an account and they need to be immediately stopped.

***6. Max open Risk per Trade in USD:***  this section allows you to set a max open risk per each position, multiple positions on the same symbol will be treated separately. ACTION TAKEN: once the max loss per position is reached, the position will be flattened.

***7. Max risk per Symbol in USD:***  this section allows you to set a max open risk per each symbol. The open risk is computed "flat to flat", meaning that it starts when there is no open position on the symbol, and it ends when all open positions have been closed. Multiple positions on the same symbols will all contribute to the computation of the max open risk per symbol. Computing the max risk this way doesn't allow the trader to "circumvent" the EA by scaling out part of the position to reduce the open risk. (See the video below with some clear examples).

This section allows you to block the symbol for a certain amount of time. The blocking time is computed from when the last flattening takes place and will be "reset" every time there is a new attempt to trade the blocked symbol. ACTION TAKEN: once the max symbol risk is reached all positions on that symbol will be flattened. If the "block symbol for (HH:mm)" is selected, the symbol will be blocked for the specified amount of time. EAs will be killed only if the "block symbol for (HH:mm)" is selected. The symbol will be tradable again after the blocking time has passed. The state of blocked symbols will be clearly displayed on the Light GUI. We decided to kill the EAs if their symbols are blocked for some time to avoid a situation in which an EA take multiple trades that are immediately flattened and retaken.

🔴 ▶️ Check this video: [https://www.youtube.com/watch?v=q8uPyBulI50](https://www.youtube.com/watch?v=q8uPyBulI50)

For a more advanced way to impose a risk per symbol, which account for correlations across assets, you might want to check the section RPC (risk per trade concept) section.