Risk Controls

Two levels of controls

Risk controls exist at two levels:

1. Account defaults — set in Settings, apply to every new bot you create
2. Per-bot overrides — set on a specific bot’s page, override the account defaults for that bot only

You can set conservative defaults and then loosen them for specific bots you trust more.

The controls

Per-trade cap

The maximum dollar amount any single copied trade can use. Even if a sizing mode calculates a larger number, the bot will never bet more than this cap on a single market.

Example: Per-trade cap = $50. Kelly calculates $120 for a high-confidence trade. Bot bets $50.

Total budget

The total amount of capital the bot is allowed to deploy across all open positions at once. Once the total budget is fully allocated, the bot won’t open new trades until existing ones close.

Max open positions

The maximum number of simultaneous open positions the bot can hold. This is a count limit, not a dollar limit — useful for managing concentration risk.

Stop-loss

Closes a position automatically when it loses a set percentage of the entry amount. Set per bot or globally.

Example: Stop-loss = 30%. You enter a market at $100. If it drops to $70, the position closes automatically.

Take-profit

Closes a position automatically when it gains a set percentage. Locks in gains without you watching the screen.

Example: Take-profit = 50%. You enter at $100. If it rises to $150, the position closes.

Entry-price filter

Only enter a market if the current price is within a set range. Useful for avoiding trades where the price has already moved significantly from when the original wallet entered.

Example: Entry filter = ±10%. The wallet entered a “Yes” contract at 0.65. If the price is now 0.80, your bot skips the trade.

Daily loss cap

The maximum the bot is allowed to lose in a single calendar day (UTC). When hit, the bot stops opening new positions until the next day.

Drawdown auto-pause

If the bot’s total P&L drops by a set percentage from its peak, the bot pauses automatically. It stays paused until you manually resume it. This is the last line of defense.

Example: Drawdown auto-pause = 20%. Your bot peaks at $2,000. If it drops to $1,600 (a 20% drawdown from peak), the bot pauses and you get a notification.

Recommended starting setup for new users

Paper mode ignores none of these — they apply in simulation too, so you can test your settings before going live.