# Large accounts When working with larger account balances, it's important to scale your strategy carefully. Instead of increasing the **lot size on a single chart** — which can drastically increase risk — the safer, more flexible approach is to **use multiple charts with varied settings**. * [**Risk Level**](/smartchoise-manual/options/risk-management/risk-level.md): Use **different risk levels** across charts and avoid using the **same risk and strategy** on more than one chart. You can add up to: * **1 Low/Medium Risk**: Use one chart for every $3,000 to $5,000 in the account. * **1 High/Extreme Risk**: Use one chart for every $5,000 to $10,000 in the account. * [**Trading Style**](/smartchoise-manual/options/risk-management/trading-style.md): Combine * To optimize performance and keep exposure balanced, it’s important to pair the right Trading Style with your selected Risk Level:\ ✅ Low / Medium Risk → Use a more Aggressive Trading Style\ This allows the EA to trade more frequently and take advantage of safe market opportunities while keeping exposure manageable.\ ✅ High / Extreme Risk → Use a Conservative Trading Style\ Since these levels already involve higher volume and exposure, using a slower, more calculated approach adds stability and helps reduce the chance of hitting your Hard Stop. * [**Hard Stop**](/smartchoise-manual/options/account-protection/hard-stop-only-ea-trades.md): based on risk tolerance * The **Hard Stop** represents the maximum amount of drawdown you are willing to accept before the EA stops trading for the day. A value of **50** means the EA will stop trading if losses exceed 50% (or your set limit) for that day. It’s important to choose a **Hard Stop** that aligns with your risk tolerance. You can read more about [**Hard Stop % (Only EA Trades)**](/smartchoise-manual/options/account-protection/hard-stop-only-ea-trades.md). * [**Block trades during Medium-impact news**](/smartchoise-manual/options/news-filters-forexfactory/low-medium-high-impact-news.md): True * This setting ensures the EA will avoid opening new positions during medium-impact news events, reducing the risk of volatility. * [**Block trades during High-impact news**](/smartchoise-manual/options/news-filters-forexfactory/low-medium-high-impact-news.md): True * High-impact news can lead to unexpected price movements. This setting prevents the EA from opening trades during such events, offering further protection for your account. * [**One Entry Across All Charts at the Exact Same Time**](/smartchoise-manual/options/account-protection/one-entry-across-all-charts-at-the-exact-same-time.md):\ You can control whether the EA should open trades at the same time on all charts. **Recommended Setting for Multiple Charts**: It is generally **recommended to enable this option** when running multiple charts, as it allows for independent trading across different charts. * [**Max Open Trades Account-Wide**](/smartchoise-manual/options/account-protection/max-open-trades-across-account.md):\ This setting controls the **maximum number of trades** that can be open on your account at any given time, regardless of how many charts you are running. * **Set it to a reasonable number** to ensure that you don’t overexpose yourself to the market. For example, on a $20,000 account, you might set a max of 10-15 open trades at any time. This will help you avoid accumulating too many positions and spreading yourself too thin. * **When disabled**: The EA will open as many trades as conditions allow without any restrictions. {% hint style="warning" %} **Default Settings**: The rest of the settings should be left in their default values unless you have specific requirements. The EA is designed to operate effectively with the default settings, and tweaking them prematurely can introduce unnecessary risk. **Enable News Events**: Make sure you have enabled news event filtering in the EA to automatically block trades during key news releases more info [here](/smartchoise-manual/options/news-filters-forexfactory/low-medium-high-impact-news.md). ***Reminder: Always test these settings on a demo account to understand the behavior of the EA in live market conditions before going live. You can adjust the settings as needed based on performance and comfort level.*** As you gain more experience or feel comfortable with higher exposure, you can experiment with increasing the [**Risk Level**](/smartchoise-manual/options/risk-management/risk-level.md), [**Hard Stop**](/smartchoise-manual/options/account-protection/hard-stop-only-ea-trades.md), or [**Trading Style**](/smartchoise-manual/options/risk-management/trading-style.md) for more aggressive settings. {% endhint %} {% hint style="warning" %} #### Why Use Multiple Charts? For large accounts, the focus should be on **smart risk distribution** across multiple charts, not just increasing the volume on a single chart. This approach helps you: This approach helps you: * **Control drawdown more effectively** * **Increase long-term stability** * **Smoothen trade frequency** * **Diversify trading behavior across strategies and risk levels** *** * **Risk Distribution**: Using multiple charts allows you to spread the risk across different positions. For example, on a **$20,000 account**, instead of running one chart with a larger lot size, you can run multiple charts, each with its own smaller risk exposure. * **More Control**: With multiple charts, you can fine-tune the risk on each one. This gives you more control over **how much exposure** you have at any given time and makes it easier to manage **drawdowns**. * **Flexibility**: Multiple charts can help in managing different strategies, allowing for a mix of **Low Risk**, **Medium Risk**, and **High Risk** setups, all within the same account. You can adjust each chart’s settings based on your preferences, ensuring that the overall risk aligns with your comfort level. {% endhint %} {% hint style="danger" %} #### R**isks of Using One Chart with Increased Lot Size** * **Higher Risk Exposure**: Using one chart and increasing the lot size to manage larger accounts is **more dangerous**. While it might seem like a straightforward way to handle larger capital, it leads to **higher exposure**. If the market moves unfavorably, you could experience larger losses, and a single trade could significantly impact your account. * **Lack of Diversification**: With a single chart, all trades are **correlated** to the same position. If the market moves against your trade, you are fully exposed, and there’s no backup from other trades to offset potential losses. * **Bigger Drawdowns**: If one trade goes wrong on a larger lot size, it could trigger larger #### ⚠️ Important Warning – Don't Overload Charts Even with a large account, **do not exceed 8 active charts at the same time**. * The EA calculates dynamic lot sizes based on equity, and large balances naturally result in larger trade sizes. * Running too many charts, especially with higher risk levels, can **overload your exposure**, leading to high drawdowns or exceeding broker limits. * Always **diversify risk** – use different settings or strategies across charts and **avoid duplicating the same risk profile**. {% endhint %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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