Risk preference
Risk preference
Every time you start Signova, a welcome dialog appears where you can adjust the input parameters if needed. To view these settings, click on the Inputs tab. In most cases, you won't need to change anything here.
The most important setting you'll see is the volume configuration, which controls your risk level. Unlike other Expert Advisors that require complex setup, Signova adjusts its trading logic automatically. Your main decision is simply how much risk you're comfortable taking.
The default risk settings are carefully balanced to provide low drawdown while still achieving good profits. You can always lower the risk if you prefer, but only increase it if you fully understand the implications.
Risk preference - Risk profile
The Risk profile parameter lets you adjust how much you trade per position.
The default setting (NORMAL - Recommended) uses the volume determined by Signova's balanced trading logic. If you want to quickly adjust your risk level, simply change this parameter. It will multiply or divide the standard volume size accordingly.
Here's how each risk profile affects your trade size:
- LOWEST: Minimum volume → 0.01 Lots
- LOW: Standard ÷ 3 → 0.20 Lots
- MODERATE: Standard ÷ 2 → 0.30 Lots
- NORMAL: Standard volume → 0.60 Lots (Recommended)
- HIGH: Standard × 2 → 1.20 Lots
- EXTREME: Standard × 3 → 1.80 Lots
This gives you a simple way to scale your position sizes up or down without changing Signova's underlying risk and money management calculations.
Risk preference - Volume size calculation
The Volume size calculation and Max. volume size per trade parameters work together to give you more detailed control over your position sizes and risk.
For Volume size calculation, you can choose:
- AUTOMATIC: Calculates volume based on risk management, money management, and current market conditions. This is the recommended default setting.
- LIMITED: Calculates volume the same way as automatic, but caps it at the maximum defined in Max. volume size per trade.
If you want to start cautiously, you can use LIMITED mode with a small volume cap to evaluate Signova's performance. Once you're confident, switch to AUTOMATIC mode for optimal results. In automatic mode, Signova follows a maximum drawdown rule while maximizing performance, ensuring your account equity is always properly managed.
With LIMITED selected, trades won't exceed the Max. volume size per trade value. The examples below show the effect of caps like 0.01 or 0.05 lots. Note that if Signova's logic determines a smaller position is appropriate, it will use that smaller size. This flexibility is essential for proper risk management.
With AUTOMATIC selected, volume sizes adjust dynamically based on market conditions and risk management calculations. This allows Signova to perform optimal risk and money management.
