PipReaper Risk Settings Explained: How to Protect Your Capital from Day One

The Risk Settings Dashboard

PipReaper's risk settings are accessible from Settings → Risk Management. Every setting has a default value chosen for balanced risk/reward, but you can customise everything to match your personal tolerance.

Core Risk Settings

Risk Per Trade (%)

Default: 2% | Range: 0.5%–5%

This is the most important setting. It determines the maximum percentage of your account balance that can be lost on any single trade. The bot calculates lot size automatically based on this value and the stop-loss distance.

Account Size	Risk %	Max Loss Per Trade
$500	2%	$10
$1,000	2%	$20
$5,000	1.5%	$75
$10,000	1%	$100

Recommendation: Start at 1–2%. Only increase after you've seen the bot perform on your account for at least 30 days.

Maximum Concurrent Trades

Default: 3 | Range: 1–10

Limits how many positions can be open simultaneously. More concurrent trades means more opportunity but also more exposure if the market moves against all positions at once.

Recommendation: 2–3 for accounts under $5,000. 3–5 for larger accounts.

Daily Loss Limit (%)

Default: 5% | Range: 2%–10%

If your account loses this percentage in a single day, PipReaper pauses all trading until the next session. This prevents cascading losses during a bad day.

Recommendation: Keep at 5% or lower. If you're using 2% risk per trade with 3 max concurrent trades, a 5% daily limit means the bot pauses after approximately 2–3 stopped-out trades — exactly the right time to step back.

Maximum Drawdown Limit (%)

Default: 15% | Range: 5%–30%

The nuclear option. If your account drops this much from its peak, PipReaper closes all positions and stops trading entirely until you manually resume. This protects against extended losing periods.

Trade Management Settings

Stop-Loss Mode

• AI-Determined (default) — the AI calculates stop-loss based on market structure, volatility, and the specific trade setup
• Fixed Pips — you set a fixed pip distance for all trades

Recommendation: Use AI-Determined. The bot adapts stop-loss to current volatility, resulting in better risk-adjusted performance.

Take-Profit Mode

• AI-Determined (default) — dynamic targets based on market structure
• Fixed Risk-Reward — set a fixed R:R ratio (e.g., 2:1)
• Trailing Stop — locks in profits with a trailing stop-loss

Trailing Stop Settings

If using trailing stops:

• Activation distance — how far in profit before the trail begins (default: 15 pips)
• Trail distance — how close the trailing stop follows price (default: 10 pips)

Session Settings

Active Trading Sessions

Choose which sessions PipReaper trades:

• London (08:00–17:00 UTC) — recommended ✓
• New York (13:00–22:00 UTC) — recommended ✓
• Asian (00:00–08:00 UTC) — optional, less volatility

Recommended Profiles

Conservative (Low Risk)

Risk: 1% | Max trades: 2 | Daily limit: 3% | Max DD: 10%

Best for: beginners, small accounts, risk-averse traders

Balanced (Default)

Risk: 2% | Max trades: 3 | Daily limit: 5% | Max DD: 15%

Best for: most traders, accounts $1,000+

Aggressive

Risk: 3% | Max trades: 5 | Daily limit: 8% | Max DD: 20%

Best for: experienced traders with larger accounts who understand the risk

Every setting in PipReaper is designed to keep you in the game. The best traders aren't the ones who take the biggest risks — they're the ones who manage risk so well they never have to stop trading.