⚙️ Manage Bot
Configure your trading bot's risk management, stop loss, take profit, and view account details.
Welcome to the heart of your trading automation! 🤖 The Manage Bot section is where you take full control of how the Ekan Trade bot operates on your connected accounts. From risk levels to profit targets, every aspect of your trading strategy can be fine-tuned right here.
🔘 Bot Status (ON/OFF)
Function: Switch to enable or disable your trading bot completely.
The Bot Status toggle is your master control switch. With a single click, you can instantly start or stop all automated trading activities on your connected account.
🟢 When Bot is ON:
- The bot actively monitors the market for trading opportunities
- New trades are executed based on your configured settings
- Stop loss and take profit orders are managed automatically
- Your account is in full automated trading mode
🔴 When Bot is OFF:
- No new trades will be placed
- Existing open positions remain untouched
- The bot enters standby mode
- You maintain full manual control
📋 When to Turn OFF Your Bot:
| Situation | Reason |
|---|---|
| 📰 Major News Events | High volatility can cause unexpected price movements |
| 🎄 Market Holidays | Low liquidity periods may affect trade quality |
| 🔧 Account Maintenance | When updating credentials or changing brokers |
| 🧘 Taking a Break | When you want to pause trading temporarily |
| ⚠️ Unusual Market Conditions | During extreme events like flash crashes |
If you're uncertain about market conditions, it's always safer to turn the bot OFF and wait for clarity. You can turn it back ON anytime with a single click!
📊 Lot Type (Automatic/Manual)
Function: Determines how the bot calculates position sizes for each trade.
Position sizing is crucial for risk management, and Ekan Trade gives you two powerful options to control how lot sizes are determined for each trade.
🤖 Automatic Mode:
The AI intelligently calculates optimal lot sizes based on:
- Your current account balance
- Selected risk profile
- Market conditions
- Historical volatility
Benefits of Automatic:
- ✅ Scales with your account growth
- ✅ Adapts to changing market conditions
- ✅ Reduces risk of over-leveraging
- ✅ Hands-off position sizing
🎯 Manual Mode:
You set a fixed lot size that the bot uses for every trade.
Benefits of Manual:
- ✅ Complete control over position sizes
- ✅ Perfect for prop firm requirements
- ✅ Predictable risk per trade
- ✅ Ideal for specific strategies
Which Should You Choose?
| Trading Style | Recommended Mode | Why |
|---|---|---|
| 💰 Personal Account | Automatic | Let the AI optimize as your balance grows |
| 🏢 Prop Firm Challenge | Manual | Meet strict lot size requirements |
| 🎓 Learning Phase | Manual (Small) | Control risk while learning |
| 📈 Scaling Up | Automatic | Maximize growth potential |
🎚️ Risk Profile (Low/Medium/High)
Function: Pre-configured risk levels that adjust position sizing and lot multipliers.
Your Risk Profile is one of the most important settings in your bot configuration. It determines how aggressively the bot trades and directly impacts both your potential profits and potential losses.
🟢 Low Risk
- Philosophy: Capital preservation first
- Lot Multiplier: Conservative
- Drawdown Tolerance: Minimal
- Best For: New traders, conservative investors, funded accounts
What to Expect:
- Smaller position sizes
- Lower potential profits per trade
- Much smaller drawdowns
- Steady, consistent growth
🟡 Medium Risk
- Philosophy: Balanced approach
- Lot Multiplier: Moderate
- Drawdown Tolerance: Standard
- Best For: Experienced traders, balanced portfolios
What to Expect:
- Moderate position sizes
- Good profit potential
- Acceptable drawdown levels
- Balanced risk-reward ratio
🔴 High Risk
- Philosophy: Aggressive growth
- Lot Multiplier: Aggressive
- Drawdown Tolerance: Higher
- Best For: Experienced traders with risk capital
What to Expect:
- Larger position sizes
- Maximum profit potential
- Higher drawdown tolerance
- Fast account growth (or decline)
Higher risk means higher potential rewards BUT also higher potential losses. Never use High Risk with money you can't afford to lose. New traders should always start with Low Risk.
🔢 Maximum Open Positions
Function: Limits the total number of trades the bot can have open at once.
This crucial safety feature prevents overexposure to the market by capping how many positions the bot can hold simultaneously.
Why This Matters:
- 🛡️ Risk Control: Even with multiple valid signals, your exposure is limited
- 💰 Margin Protection: Prevents margin calls from too many open positions
- 📊 Portfolio Balance: Ensures diversification across trades
Recommended Settings:
| Account Type | Suggested Max Positions |
|---|---|
| 💼 Standard Account | 50 positions |
| 🏢 Prop Firm Account | 10-20 positions |
| 💵 Small Account (under $1000) | 5-10 positions |
| 💎 Large Account (over $10000) | 50+ positions |
How It Works:
Current Open: 48 positions
Max Setting: 50 positions
New Signal: ✅ Trade executed (2 slots available)
Current Open: 50 positions
Max Setting: 50 positions
New Signal: ⏸️ Signal skipped (no slots available)
🛑 Stop Loss Toggle
Function: Enable/disable and configure how the bot protects your trades from losses.
Stop Loss is your safety net — it automatically closes a trade when losses reach a certain level, protecting your account from catastrophic drawdowns.
🤖 Automatic (AI Stop Loss):
Let the AI calculate optimal stop loss levels based on:
- Current market volatility
- Support and resistance levels
- Historical price patterns
- Risk profile settings
Benefits:
- ✅ Dynamic adaptation to market conditions
- ✅ Optimized for each individual trade
- ✅ Reduces emotional decision-making
- ✅ Intelligent risk management
🎯 Manual Stop Loss:
Define your own stop loss parameters:
- Set specific pip distances
- Fixed percentage of account
- Specific dollar amount
Benefits:
- ✅ Complete control over risk per trade
- ✅ Predictable maximum loss
- ✅ Required for some prop firm rules
- ✅ Consistent risk management
Configuration Options:
| Setting | Description | Example |
|---|---|---|
| 📏 Pips | Fixed pip distance | 30 pips |
| 📊 Percentage | % of entry price | 2% |
| 💵 Currency | Fixed dollar amount | $50 |
Even if you prefer manual control, keep Stop Loss enabled at all times. Trading without a stop loss is extremely risky and can result in significant account losses.
💰 Take Profit Toggle
Function: Enable/disable and configure how the bot locks in profits.
Take Profit automatically closes your trade when it reaches a specified profit level, ensuring you capture gains before the market reverses.
🤖 AI Take Profit:
The bot calculates optimal take profit levels using:
- Technical analysis indicators
- Market momentum assessment
- Risk-reward optimization
- Volatility-adjusted targets
Benefits:
- ✅ Adapts to changing market conditions
- ✅ Maximizes profit potential per trade
- ✅ Dynamic trailing capabilities
- ✅ Professional-grade exit strategies
🎯 Manual Take Profit:
Set fixed profit targets for every trade:
- Specific pip targets
- Percentage gains
- Dollar amount targets
Benefits:
- ✅ Consistent profit targets
- ✅ Predictable outcomes
- ✅ Simple to understand
- ✅ Easy to plan and track
📋 Account Details
Function: Displays connected account info: Account Number, Trading Platform, Broker Server.
This section shows you a summary of your connected trading account, allowing you to verify that everything is configured correctly.
Information Displayed:
- 🔢 Account Number: Your MT4/MT5 account identifier
- 💻 Trading Platform: MT4 or MT5
- 🌐 Broker Server: The server your account connects to
✏️ Edit Button:
Need to update your connection details? The Edit button allows you to:
- Change your password if you've updated it with your broker
- Correct any typos in your credentials
- Update server information if your broker has migrated
🔄 Connection Refresh
Function: Refresh button to check connection status.
One click verifies that your bot is properly connected to your trading server and ready to execute trades.
When to Use:
- 🔍 After internet connectivity issues
- 🔧 Following credential updates
- ⚠️ When trades aren't executing as expected
- 📊 To confirm real-time connection status
Status Indicators:
- 🟢 Connected: Everything is working perfectly
- 🟡 Reconnecting: Bot is attempting to restore connection
- 🔴 Disconnected: Check your credentials and internet connection
🔙 Reset to Default
Function: Restores all settings to recommended default values.
Made too many changes and want a fresh start? The Reset to Default button instantly returns all bot settings to our recommended configuration.
What Gets Reset:
- ✅ Risk Profile → Medium
- ✅ Lot Type → Automatic
- ✅ Max Positions → 50
- ✅ Stop Loss → AI Mode
- ✅ Take Profit → AI Mode
When to Use:
- 🧹 Starting fresh after experimentation
- 🔄 Troubleshooting unusual bot behavior
- 🎓 Returning to a known-good configuration
- ✨ After testing different strategies
Resetting to default does NOT disconnect your account or erase your trading history. It only resets the configuration settings.
💾 Save Settings
Function: Applies and saves all your configuration changes.
CRITICAL: Your changes are NOT active until you click Save Settings!
How It Works:
- Make your desired changes to any settings
- Review your configuration
- Click Save Settings
- Changes become active immediately
Important Notes:
- ⚠️ Unsaved changes will be lost if you navigate away
- ✅ A confirmation message appears when settings are saved
- 🔄 Settings apply to future trades immediately
- 📊 Open positions are not affected by setting changes
🎯 Recommended Configuration for Beginners
| Setting | Recommended Value | Why |
|---|---|---|
| Bot Status | ON | Start trading! |
| Lot Type | Automatic | Let AI manage sizing |
| Risk Profile | Low | Protect your capital |
| Max Positions | 20 | Conservative exposure |
| Stop Loss | Automatic (AI) | Intelligent protection |
| Take Profit | Automatic (AI) | Optimized exits |
Ready to fine-tune your bot? Start with conservative settings and gradually adjust as you gain confidence in the system. Happy trading! 🚀💰