Live Trading — Complete Guide: From Setup to Profitable Execution

Table of Contents

Foundation

Pre-Launch Checklist
Supported Brokers
Broker Setup (Step by Step)
Money Management Settings

Execution

Enabling Live Trading
Complete Trade Flow
Order Types & Products
SL / TP / Square-Off

Mastery

Safety Systems
Optimal Intraday Settings
Indian Market Presets
Daily Operations Workflow

Troubleshooting

Log Patterns & Debug
Common Issues & Fixes
Emergency Procedures

Winning

Complete Settings Reference
Winning Intraday Mindset
Quick Start Summary

Appendix

Broker Credential Reference
Risk Calculator

1 — Pre-Launch Checklist (Before You Trade Real Money)

STOP. Do not enable live trading until every item below is verified. Real money is at stake. There is no undo button on a bad live trade.

Must Have (Non-Negotiable)

Paper trading completed: 50+ trades minimum, positive expectancy.
Profit factor > 1.2 in paper results after costs.
Max drawdown in paper was within your tolerance (15–25%).
Broker account fully activated with API access enabled.
API credentials tested: placed a small manual order successfully.
Sufficient funds in trading account (verified via broker app).
Money Management settings configured and saved.
Square-off time set correctly (15:25 for NSE, 23:00 for MCX).
Daily max loss limit set (2–5% of capital).
Emergency plan written: what to do if system crashes mid-trade.

Never Do This

Go live with zero paper trading experience.
Use full position size on day one.
Trade with money you cannot afford to lose.
Disable safety controls (daily loss limit, square-off).
Leave the system running unattended on day one.
Change strategy parameters while live trades are open.
Use API credentials from a demo/test account for real trading.
Enable Martingale, Monte Carlo, or experimental features.

2 — Supported Brokers

Zerodha

KiteConnect API

Most Popular

Shoonya

NorenRest API

Free Brokerage

Fyers

Fyers v3 API

Hybrid API

Upstox

OAuth2 REST API

Modern API

SASOnline

AlphaTrade API

Low Cost

+ MT5 Expert Advisor bridge for MetaTrader 5 integration

3 — Broker Setup (Step by Step)

1

Get API Credentials From Your Broker

Each broker provides API access through their developer portal. You need to apply for API access first.

Broker	Required Credentials	Where to Get Them
Zerodha	User ID, Password, API Key, API Secret, TOTP Key	kite.trade → Create App → Get API Key & Secret. TOTP from authenticator app setup.
Shoonya	User ID, Password, API Key, Vendor Code, IMEI	api.shoonya.com → Register → Get API Key. Vendor code from Shoonya support.
Fyers	User ID, Password, App ID (Client ID), API Secret	myapi.fyers.in → Create App → Get App ID & Secret.
Upstox	API Key, API Secret, Redirect URL, Auth Code	developer.upstox.com → Create App → OAuth2. Auth code from login redirect.
SASOnline	User ID, Password, API Key, API Secret	SASOnline admin panel → API section.

2

Enter Credentials in Application

Open the application → Go to the Broker Connection section → Select your broker from the dropdown → Fill in all credential fields → Click Connect.

3

Verify Connection

After clicking Connect, check the status indicator. A green checkmark means authenticated. If red, verify credentials and try again. The system will retry authentication every 10 seconds automatically.

4

Test With a Small Order

Before enabling auto trading, place a manual test order through your broker's app. Verify funds, margins, and order execution. This confirms your account is ready for API trading.

Security: Your credentials are stored locally in an encrypted SQLite database on your machine. They are never sent to any external server. Keep your TOTP secret safe — anyone with it can place orders.

4 — Money Management Settings (The Foundation)

These settings determine how much you can win and lose. Configure them carefully before enabling live trading. Wrong settings can blow up your account in a single day.

Setting	Default	Recommended (Intraday)	What It Does
Total Capital	₹1,00,000	Your actual funded amount	Total capital available for trading. Must match your broker account balance.
Risk Per Trade	1.0%	1–2%	Maximum capital risked on a single trade. ₹1L × 1% = ₹1,000 max loss/trade.
Daily Max Loss	₹2,000	2–5% of capital	If daily loss reaches this, system stops ALL new trades. Circuit breaker.
Max Trades/Day	25	10–25 (intraday)	Maximum trade entries allowed in one day. Prevents overtrading.
Max Positions	10	3–10 concurrent	Maximum open positions at any time. Prevents over-exposure.
Order Type	MIS	MIS (intraday)	MIS = Intraday (higher leverage). CNC = Delivery. NRML = Futures/Options.
Order Method	MARKET	MARKET (fastest)	MARKET = execute at best available price. LIMIT = execute only at your price.
Max Drawdown	5%	5–15%	If account drops this much from peak, leverage is reduced to 0% (no new trades).

Trading Hours

NSE / BSE / NFO

Entry Start	`09:15`
Entry End	`15:30`
Square-Off	`15:25` (5 min before close)

MCX Commodities

Entry Start	`09:00`
Entry End	`23:30`
Square-Off	`23:00` (30 min before close)

5 — Enabling Live Trading (The Switch)

This is the point of no return. Once you flip this switch, real orders will be placed with real money on your broker account. Double-check everything above first.

1

Ensure Paper Trading Is OFF

The system follows priority: if Paper Trading is enabled, it takes precedence over Live. Disable Paper Trading first.

Priority Logic:
  paper_trading_enabled = True  → PAPER mode (no real orders)
  auto_trade_enabled    = True  → LIVE mode (real orders)
  Both False                    → DISABLED (no trading)

2

Select Your Broker

In the Money Management tab, select your broker from the Broker dropdown. Ensure it shows Connected (green).

3

Enable Auto Trade

Check the Auto Trade checkbox. This is the master switch. Once checked:

REST API Manager starts for your selected broker.
Signal Processor switches to LIVE mode.
All incoming signals will generate REAL broker orders.
Capital Governor enforces drawdown limits.
Autonomous Controller monitors for tilt/overtrading.

4

Verify: Check the Mode Indicator

The application status bar should show LIVE mode with your broker name. If it shows PAPER or DISABLED, the switch didn't work — check your settings.

5

Start Your Strategy

Launch AmiBroker and start your AFL strategy. Signals will now flow through the gateway and execute as real broker orders.

6 — Complete Live Trade Flow (End to End)

AmiBroker AFL fires BUY/SELL signal → HTTP/WebSocket to Gateway

Gateway receives signal → Signal Processor validates & deduplicates

Market hours check: NSE 09:15–15:30 / MCX 09:00–23:30

SL/TP resolution: External signal → Meta config → MM defaults → R:R ratio

Min SL/TP distance enforced: at least 0.5% gap from entry

Capital Governor: drawdown check → leverage adjustment → qty sizing

Autonomous Controller: tilt detection → position multiplier

Rate limiter: 10 orders/sec, 300 orders/min

REST API Manager → Broker API → REAL order placed

Order confirmed → Trade record created → Price feed subscribed

Real-time SL/TP monitoring via WebSocket ticks

Exit triggered → EXIT order placed → PnL recorded → Governor updated

7 — Order Types & Product Codes

Order Types

Type	When to Use
MARKET	Execute immediately at best available price. Fastest. Recommended for intraday.
LIMIT	Execute only at your specified price or better. May not fill. Use for precise entries.
SL-MARKET	Stop-loss market order. Triggers when price hits trigger level, executes at market.
SL-LIMIT	Stop-loss limit order. Triggers at trigger price, then becomes limit order.

Product Codes

Code	Full Name	Use Case
MIS	Margin Intraday Square-off	Intraday trading. Higher leverage. Auto square-off by broker at EOD.
CNC	Cash and Carry	Delivery trading. No leverage. Hold overnight/weeks.
NRML	Normal (F&O)	Futures and Options. Overnight positions allowed.

For Intraday: Always use MIS product type with MARKET order method. This gives you maximum leverage and ensures immediate execution. The system will auto square-off at your configured time.

8 — SL / TP / Square-Off — How Live Exits Work

Stop Loss

Set from AFL signal, or auto-calculated from Money Management.
Minimum 0.5% distance from entry (enforced by system).
AmiBroker can dynamically update SL via SL_UPDATE signals.
When price crosses SL → EXIT order placed immediately at MARKET.
If exit order fails → logged and alerted for manual intervention.

Take Profit

Set from AFL signal target, or auto-calculated.
Minimum 0.5% distance from entry (enforced).
When price crosses TP → EXIT order placed at MARKET.
Directional sanity: TP always on profit side of entry.

Auto Square-Off

At configured time (default 15:25 NSE), ALL open positions close.
Uses MARKET orders for guaranteed exit.
Prevents overnight risk in intraday (MIS) strategies.
MCX square-off at 23:00 by default.

Trailing Stop (External via AmiBroker)

Trailing stops are managed by your AmiBroker AFL strategy. The bot never calculates or modifies SL/TP on its own. AmiBroker publishes SL_UPDATE signals with new stop-loss values, and the bot applies them. This ensures your strategy controls the trailing logic while the bot handles execution.

If no SL_UPDATE received for 2+ minutes, a TRAILING DESYNC warning is logged. If AmiBroker goes completely silent for 3+ minutes, the AMIBROKER WATCHDOG triggers.

9 — Safety Systems (Your Protection Layers)

Safety Layer	What It Does	Status
Market Hours Gate	Blocks trades outside market hours (NSE 09:15–15:30, MCX 09:00–23:30). Weekend blocked.	Active
Duplicate Filter	Prevents same signal from executing twice within 5-second window.	Active
Capital Governor	Real-time drawdown tracking. Reduces leverage progressively: 100% → 75% → 50% → 25% → 0% (halt). Updates after every trade close.	Active
Autonomous Controller	Detects tilt (consecutive losses) → pauses trading. Reduces position size during cold streaks.	Active
Rate Limiter	10 orders/second, 300 orders/minute. Prevents broker API spam and rejections.	Active
Stale Price Protection	Freezes ALL trading if any symbol's price feed is older than 30 seconds. Unfreezes when feed resumes.	Active
AmiBroker Watchdog	If no signal from AmiBroker for 3 minutes → critical alert. In real mode: auto-flatten all positions after 2-minute grace period.	Active
SL/TP Min Distance	Enforces minimum 0.5% gap between entry and SL/TP. Prevents micro-loss trades.	Active
Auto Square-Off	Closes ALL positions at configured time (15:25 NSE, 23:00 MCX).	Active
Position Reconciler	Compares system state vs. broker state. Detects ghost trades (we think open, broker doesn't) and orphan trades (broker has, we don't).	Active
Circuit Breaker	Isolates failing broker APIs. If one broker's API fails repeatedly, it's isolated without affecting other operations.	Active
Signal Retry with Expiry	PENDING signals retry with configurable backoff. Expire after 60 min or max attempts (default 5). Dead signals marked FAILED.	Active

Layered Protection: Every trade passes through 12+ safety gates before reaching your broker. If any gate fails, the trade is blocked, logged, and you're alerted. No single point of failure.

10 — Optimal Intraday Settings (The Winning Configuration)

These settings are optimized for Indian market intraday trading. They balance aggression with safety. Start with the Conservative preset and adjust after 20+ live trades.

Conservative (Start Here)

Capital	Your funded amount
Risk/Trade	0.5%
Daily Max Loss	1.5% of capital
Max Trades/Day	10
Max Positions	3
Product	MIS
Order Method	MARKET
Default SL	1.5%
Default TP	3.0%

Safest. Start here.

Balanced (After 20+ Trades)

Capital	Your funded amount
Risk/Trade	1.0%
Daily Max Loss	3% of capital
Max Trades/Day	20
Max Positions	5
Product	MIS
Order Method	MARKET
Default SL	2.0%
Default TP	4.0%

Good risk/reward balance.

Aggressive (Proven Edge Only)

Capital	Your funded amount
Risk/Trade	2.0%
Daily Max Loss	5% of capital
Max Trades/Day	30
Max Positions	8
Product	MIS
Order Method	MARKET
Default SL	2.5%
Default TP	5.0%

Only with proven strategy.

Settings That MUST Remain OFF in Live Trading

Setting	Why It Must Be OFF
Ultimate Martingale	Doubles down on losses. Will blow up your account. Never enable.
Optimal F	Experimental Kelly criterion. Untested in production.
Monte Carlo	Simulation feature. Not for live trading.
Market Regime Adjustment	Experimental. May override your strategy decisions.
News Trading	Experimental. Unverified signal source.

11 — Indian Market Presets

NSE Cash (Equity Intraday)

Product: MIS
Hours: 09:15 – 15:30
Square-off: 15:25
SL: 1.5–2.0%
TP: 3.0–4.0% (1:2 R:R)
Instruments: RELIANCE, SBIN, TCS, INFY, HDFCBANK, TATAMOTORS
Cost: ~0.03% brokerage + STT

Lowest risk, lowest cost

NFO (Futures & Options)

Product: NRML (futures) / MIS (intraday F&O)
Hours: 09:15 – 15:30
Square-off: 15:25
SL: 2.0–3.0%
TP: 4.0–8.0%
Instruments: NIFTY, BANKNIFTY, stock futures
Cost: Higher (STT on sell, exchange fees)

Higher leverage, higher risk

MCX (Commodities)

Product: NRML
Hours: 09:00 – 23:30
Square-off: 23:00
SL: 1.0–2.0%
TP: 2.0–5.0%
Instruments: GOLD, SILVER, CRUDEOIL, NATURALGAS
Cost: Moderate (CTT instead of STT)

Extended hours, volatile

12 — Daily Operations Workflow

Pre-Market (08:45 – 09:15)

Start the application.
Verify broker shows Connected (green).
Check: Mode shows LIVE with correct broker.
Review overnight news — any major events that could move your instruments?
Start AmiBroker and load your strategy.
Wait for market open at 09:15.

During Market (09:15 – 15:25)

Monitor active trades in the dashboard.
Check for any stale price or watchdog warnings in logs.
Do NOT override positions unless emergency.
If consecutive losses hit daily max → system auto-stops (let it).
Note any slippage: compare entry signal price vs. actual fill price.

Square-Off (15:25)

System auto-closes all open MIS positions.
Verify all positions are flat in broker app.
If any position didn't close → close manually in broker app immediately.
Check trade count for the day.

Post-Market Review (15:30+)

Review all closed trades: P&L, slippage, execution quality.
Compare actual fills vs. signal prices. Slippage > 0.1%? Investigate.
Check logs for any errors, warnings, or blocked trades.
Note daily P&L, win rate, and cost metrics.
Journal: what worked, what didn't, what to improve.
Verify broker account balance matches expected P&L.

13 — Log Patterns & Debug Cheat Sheet

Key Log Patterns to Monitor

Log Pattern	Meaning	Action
`Trade opened: RELIANCE BUY 10 @ 2450`	Real order placed and confirmed by broker.	Normal. Verify in broker app.
`Order placed successfully: 2024...`	Broker returned order ID.	Normal. Confirm fill in broker app.
`❌ Failed to place real order: ...`	Broker rejected the order (insufficient margin, invalid symbol, etc.).	Check broker app for rejection reason. Fix and retry.
`Rate limit exceeded`	Too many orders in short time. Order delayed.	Normal throttling. Will execute on next slot.
`⛔ Trade blocked by Capital Governor`	Drawdown protection kicked in. No new trades allowed.	Stop for the day. Review losses.
`⛔ Trade blocked: System shutdown`	Max drawdown exceeded. All trading halted.	Serious. Review strategy. Do not override.
`⚠️ AMIBROKER WATCHDOG ALERT`	No signals from AmiBroker for 3+ minutes.	Check if AmiBroker is running. Restart if crashed.
`❌ AMIBROKER WATCHDOG FLATTEN`	All positions auto-closed because AmiBroker went silent.	Emergency flatten executed. Restart AmiBroker.
`🛑 TRADING FROZEN: STALE_PRICE`	Price feed frozen for 30+ seconds.	Check internet. WebSocket may need reconnect.
`⚠️ TRAILING DESYNC`	No SL update from AmiBroker for 2+ minutes.	AmiBroker may not be trailing. Check AFL.
`Broker not connected`	Authentication failed. Orders cannot execute.	Re-enter credentials and reconnect.
`[CapitalGovernor] Qty adjusted`	Drawdown protection reduced position size.	Normal safety. Trade proceeds at reduced size.
`SL too close to entry, adjusted`	Signal had SL within 0.5% of entry. Auto-widened.	Normal. Check AFL SL calculation.

14 — Common Issues & Fixes

Issue: Orders Not Executing

Symptom	Signals arrive but no orders placed
Check 1	Is `auto_trade_enabled` = True?
Check 2	Is `paper_trading_enabled` = False? (Paper takes priority)
Check 3	Is broker Connected (green)?
Check 4	Is market hours check passing? (Check time)
Check 5	Check logs for "Rate limit" or "Capital Governor blocked"

Issue: Order Rejected by Broker

Symptom	Log shows "Failed to place real order"
Check 1	Sufficient margin in broker account?
Check 2	Is the symbol traded on correct exchange?
Check 3	Correct product type? (MIS for intraday, NRML for F&O)
Check 4	Lot size correct? (F&O requires exact lot multiples)
Check 5	API rate limit? Some brokers have stricter limits.

Issue: Broker Disconnects Mid-Day

Symptom	"Broker not connected" in logs
Auto-Fix	System retries authentication every 10 seconds
Manual Fix	Click reconnect or restart application
Safety	Open positions maintain SL/TP at broker level
Worst Case	Close positions manually via broker app

Issue: Slippage Too High

Symptom	Actual fill price far from signal price
Cause 1	Low liquidity symbol (avoid penny stocks)
Cause 2	High volatility / news event
Cause 3	Latency between signal generation and execution
Fix	Trade high-liquidity stocks, use LIMIT orders, reduce size

15 — Emergency Procedures

MEMORIZE THIS section. When things go wrong during live trading, you need to act fast. Do not panic. Follow these steps in order.

Emergency: System Crash Mid-Trade

Open your broker's mobile app or web terminal.
Check all open positions — are they still showing?
If you want to exit: close positions manually in broker app.
If positions have SL at broker level: they are safe. Let SL protect you.
Restart the application. It will attempt to recover open trades from database.
Verify recovered trades match broker positions.

Emergency: AmiBroker Crash

Watchdog triggers at 3 minutes. Alert logged.
In real mode, auto-flatten triggers after 2 min grace (configurable).
If auto-flatten fails: close positions manually via broker app.
Restart AmiBroker and reconnect.
Check if any SL levels were stale (frozen during crash).

Emergency: Internet Loss

Stale price protection freezes trading within 30 seconds.
Open positions' SL/TP set at broker level (if SL-M order type was used).
Switch to mobile data. Connect via broker mobile app.
Manually verify and close positions if needed.
When internet returns, system auto-unfreezes and resumes.

Emergency: Runaway Losses

Capital Governor auto-reduces position size as drawdown increases.
At 15% drawdown: leverage drops to 0% (HALT). No new trades.
At 20% drawdown: emergency stop-loss triggers.
If system doesn't stop: disable Auto Trade toggle immediately.
Close all positions manually via broker app.
DO NOT try to "win it back" by overriding controls.

16 — Complete Settings Reference

Setting	Default	Location	Notes
auto_trade_enabled	False	Money Tab	Master switch for LIVE mode
paper_trading_enabled	False	Paper Tab	Paper mode (overrides live if both on)
selected_broker	zerodha	Money Tab	Active broker for live orders
total_money	₹1,00,000	Money Tab	Total capital
risk_per_trade	1.0%	Money Tab	Max risk per trade
daily_max_loss	₹2,000	Money Tab	Daily loss circuit breaker
max_trades_per_day	25	Money Tab	Maximum trade entries/day
max_symbol_position	10	Money Tab	Max concurrent positions
max_drawdown	5%	Money Tab	Max drawdown before leverage halt
order_type	MIS	Money Tab	MIS / CNC / NRML
order_method	MARKET	Money Tab	MARKET / LIMIT
trade_entry_start	09:15	Money Tab	NSE market open
trade_entry_end	15:30	Money Tab	NSE market close
square_off_time	15:25	Money Tab	Auto square-off time
mcx_trade_entry_start	09:00	Money Tab	MCX market open
mcx_trade_entry_end	23:30	Money Tab	MCX market close
mcx_square_off_time	23:00	Money Tab	MCX auto square-off
signal_processor_max_retries	3	Advanced	Signal retry attempts
signal_processor_retry_backoff_sec	30	Advanced	Seconds between retries

Capital Governor Thresholds

Drawdown Level	Leverage Mode	Effect
0–5%	NORMAL (100%)	Full position size allowed
5–10%	CONSERVATIVE (75%)	Position size reduced to 75%
10–15%	RESTRICTED (50%)	Position size reduced to 50%
15–20%	LIMITED (25%)	Position size reduced to 25%
20%+	HALT (0%)	ALL new trades blocked. Emergency stop.

17 — The Winning Intraday Mindset

The Math of Intraday Survival

You will lose trades. That's normal. Profitable traders lose 40–55% of trades.
Win rate doesn't matter alone. 35% win rate × 3:1 R:R = profitable.
Expectancy is king: (Win% × Avg Win) − (Loss% × Avg Loss) must be positive.
Costs matter more in intraday. Each round-trip costs 0.1–0.3%. That's your real enemy.
20 trades/day × 250 days = 5,000 trades/year. Small edge × many trades = big returns.

Rules of Professional Intraday Traders

Never move your stop loss further away. Only tighten it.
Never add to a losing position. Ever.
Honor your daily max loss. When it hits, you're done for the day.
First hour (09:15–10:15) is the most volatile. Be cautious or sit out.
Last hour (14:30–15:25) is for closing, not opening new positions.
If 3 consecutive losses occur: take a 15-minute break before continuing.
Review every trade. Log why it won or lost.
The system makes money by following rules, not by being clever.

The Final Truth: The best intraday traders are boring. They follow their system mechanically, take their losses gracefully, let their winners run, and review their stats weekly. If your system has positive expectancy — trust it, follow it, and let compounding do the rest.

18 — Quick Start Summary (One Page)

Setup (15 minutes)

Get API credentials from your broker's developer portal.
Open app → Broker section → Enter credentials → Connect.
Money tab → Set capital, risk, daily max loss, max positions.
Set trading hours and square-off time.
Disable Paper Trading (if it's on).
Check: Auto Trade → ON.
Verify: Mode shows LIVE with correct broker.

First Day (Monitor Closely)

Start with Conservative preset (0.5% risk).
Start AmiBroker, load strategy.
Watch first 3-5 trades in real time.
Verify fills in broker app match system records.
Note slippage: signal price vs. actual fill.
Let system auto square-off at 15:25.
Post-market: review all trades and logs.

First Week (Build Confidence)

Keep Conservative preset for all 5 days.
Run paper trading in parallel for comparison.
Daily post-market review (10 minutes).
Track: slippage, fill quality, system uptime.
If paper and live diverge > 30% → investigate.

Scale Up (After Proven Results)

After 20+ live trades: move to Balanced preset.
After 50+ live trades with positive expectancy: consider Aggressive.
Increase capital gradually — never all at once.
Review weekly: expectancy, cost efficiency, max drawdown.
If any control triggers (Governor/Controller) → reduce size, not increase.

19 — Broker Credential Reference

Zerodha (KiteConnect)

User ID	Your Zerodha client ID (e.g., AB1234)
Password	Login password
API Key	From kite.trade → Create App
API Secret	From kite.trade → App Details
TOTP Key	Your 2FA authenticator secret key

Shoonya (NorenRest)

User ID	Your Shoonya user ID
Password	Login password
API Key	From api.shoonya.com
Vendor Code	From Shoonya support
IMEI	Device IMEI for session auth

Fyers

User ID	Fyers login ID
Password	Login password
App ID	From myapi.fyers.in
API Secret	From Fyers app

Upstox

API Key	developer.upstox.com
API Secret	From Upstox app
Redirect URL	OAuth redirect
Auth Code	From login redirect

SASOnline

User ID	SASOnline user ID
Password	Login password
API Key	From SAS admin panel
API Secret	From SAS admin panel

20 — Risk Calculator

Position Sizing Formula

Capital          = ₹2,00,000
Risk Per Trade   = 1% = ₹2,000
Stop Loss        = 2% from entry

Entry Price      = ₹500
Stop Loss Price  = ₹490 (₹10 risk per share)

Max Quantity     = Risk Amount / Risk Per Share
                 = ₹2,000 / ₹10 = 200 shares

Position Value   = 200 × ₹500 = ₹1,00,000 (50% of capital)

If max position = 5% of capital (₹10,000):
Adjusted Qty     = ₹10,000 / ₹500 = 20 shares only

₹1L Capital

Risk 1%	₹1,000/trade
Daily Max 3%	₹3,000/day
Max DD 15%	₹15,000 total

₹5L Capital

Risk 1%	₹5,000/trade
Daily Max 3%	₹15,000/day
Max DD 15%	₹75,000 total

₹10L Capital

Risk 1%	₹10,000/trade
Daily Max 3%	₹30,000/day
Max DD 15%	₹1,50,000 total

The Rule of Survival: If you can survive 20 consecutive losses at your risk level, you have enough capital to trade. At 1% risk, 20 consecutive losses = 20% drawdown. Your Capital Governor will halt at 15-20%. The math protects you even in worst-case scenarios.

Real Money Live Trading — Complete Guide