How it works
PipsGuard counts your open positions and blocks new trades when you hit the limit. This prevents overtrading, which is one of the most common ways traders blow accounts.
If your plan says "max 3 trades" and you keep taking 12, this rule stops it. Once you hit your configured maximum, no new positions can be opened until existing ones are closed.
Configuration
| Parameter |
Default |
Description |
| max_positions |
5 |
Maximum simultaneous open positions |
When this rule fires
Pre-trade: Counts open positions. Blocks any new trade request when the count equals or exceeds the configured maximum.
Best for
Overtraders
Scalpers who need position limits
Traders who take 12 trades when their plan says 3
Tips
- Set this to match your trading plan's maximum position count.
- For scalpers, 3-5 positions is typical. For swing traders, 2-3.
- Pair with Max Margin Usage to control both position count and leverage.
- Combine with Max Floating Loss for comprehensive exposure control.