What is max_orders_per_whale and why is it important?
The max_orders_per_whale setting controls how many active trades your bot can open per tracked whale wallet. This is a key risk management tool that helps prevent overexposure and ensures more disciplined trading.
1️⃣ Purpose
Limit Risk Per Whale: Prevents a single whale from dominating your trading account and exposing you to concentrated risk.
Control Trade Scaling: Allows you to manage how aggressively you follow each whale. High-confidence signals can be scaled gradually rather than all at once.
Avoid Signal Overload: Helps your bot remain responsive by restricting simultaneous trades, reducing operational complexity and potential conflicts.
2️⃣ How It Works
Example Settings:
1→ Only one active trade per whale at any given time. The bot waits for the current trade to close before opening a new one from the same wallet.2→ Allows up to two simultaneous trades per whale, enabling limited scaling for particularly reliable wallets.- Higher numbers increase exposure but also increase potential risk.
The limit applies individually to each tracked whale, not across all wallets.
3️⃣ Best Practices
- Start with
1to observe whale behavior safely and avoid overexposure. - Increase gradually for whales with a proven track record of profitable trades.
- Combine with other risk controls, such as position sizing and stop-loss rules, to maintain account safety.
Pro Tip
Think of max_orders_per_whale as your “safety valve.” It ensures your strategy benefits from whale signals without letting one wallet control too much of your capital, keeping risk balanced across multiple signals.