Your trading plan in Luxabit
How to set up your trading plan in Luxabit: playbooks for the setups you trade, minimum R:R, max risk per trade, daily limits, trading hours and up to 10 rules of your own. Everything Luxabit checks comes from here.
Your trading plan is the heart of Luxabit. Every check the app makes, before a trade and in your journal, compares your trade with a rule you wrote here. Luxabit never sets, suggests or judges your rules.
You find it under Trading plan in the app. Every part is optional: fill in what you actually use, and the checks for the rest are simply left out.
What you can set
| Plan field | Allowed values |
|---|---|
| Minimum R:R | from 0.1 to 20 |
| Max risk per trade (% of your account) | from 0.01 to 100 |
| Max trades per day | from 1 to 100 (whole numbers) |
| Stop after losses (losses in one day before you stop) | from 1 to 100 (whole numbers) |
| Daily loss limit (prop firm mode) | from 0.1 to 100 |
| Max drawdown (prop firm mode) | from 0.1 to 100 |
| Trading hours + timezone | start and end time (HH:MM), default timezone Europe/Amsterdam |
| General rules | up to 10 rules of up to 140 characters each |
| Playbooks | up to 10, each with a name of up to 100 characters, its own minimum R:R and maximum risk (same ranges as above, optional) and up to 5 rules of its own |
Playbooks: the setups you trade
A playbook is a setup you trade, such as "Breakout + retest" or "Trend pullback", with its own entry rules. If you like, it also has its own minimum R:R and maximum risk per trade: a scalp may have a different R:R than a swing trade. Leave those empty and the playbook uses your plan's limits. Your trading hours, daily limits, prop firm mode and general rules count for every playbook.
- How many: 1 on Starter, your main setup; up to 10 on Trader and Pro. After a downgrade, the playbooks beyond your plan stay saved, are marked as not used, and count again after an upgrade.
- Rules per playbook: up to 5, in your own words, just like your general rules.
- Before a trade: on the pre-trade check you say which playbook the idea is in. Its limits and rules are then applied to the check.
- In your journal: each trade can be in one playbook, and is scored against that playbook's limits and rules in your Discipline Score. Patterns compare your playbooks.
The name of a playbook is context for the coach, not a rule that gets checked. Had a plan with a single setup before playbooks existed? That setup is now your first playbook.
Minimum R:R
The smallest risk/reward you accept. Enter 2 for a minimum of 1:2. Luxabit calculates the R:R of a trade from your own entry, stop-loss and take-profit and compares it with this number. New to R:R? Read What is the risk/reward ratio?
Max risk per trade
The largest share of your account you want to lose if the stop-loss is hit, in percent. The check uses the risk you state for the trade. If you don't state one, the pre-trade check shows the rule as unclear and the journal leaves it out. See Position sizing.
Max trades per day and stop after losses
Two daily limits. Max trades per day counts the trades you open on one calendar day. Stop after losses is the number of losing trades after which you said you would stop for the day. Both count in your plan's own timezone.
Trading hours
The window in which you want to trade, with a start and end time and a timezone (default Europe/Amsterdam). Windows across midnight work too, such as 22:00–02:00. Leave both times empty if you have no fixed hours.
Your general rules
Rules that count for every trade, whatever the playbook. Up to 10 rules in your own words, each up to 140 characters. Think of entry criteria and habits: "Entry only after candle confirmation", "No trades in the 15 minutes before major news". Because these are free text, Luxabit never judges them itself, and neither does the AI:
- on the pre-trade check they are listed for you to go through yourself, and the coach may ask how you see a rule for this idea;
- in the journal you tick each rule off per trade, honestly. Those answers feed your Discipline Score.
The journal already checks some habits itself from your tags, such as a moved stop-loss, a FOMO or revenge trade, or an early exit. A rule like "Never move my stop-loss" repeats such a check, so the same mistake would count twice. When the plan recognises this, it says so under the rule; keeping the rule is up to you.
Prop firm mode
Trading a prop firm challenge? Turn on prop firm mode and enter the challenge's daily loss limit and maximum drawdown, as a percentage of your account, whether the drawdown is static or trailing, and the day your challenge started. Before each trade Luxabit then checks whether your stated risk still fits in the room left before those limits. Prop firm mode is part of Trader and Pro. See Prop firm mode.
When you change your plan
Saving the plan takes effect straight away: the coach and the journal use the new version from then on. While you have changes that aren't saved, the save button stays in view at the bottom of the screen, and leaving the page asks first. Journal scores are calculated with your current plan, so changing a rule also changes how older trades score against it.
Tips for a plan you can check
- Make rules measurable where you can: "at least 1:2" beats "good R:R".
- Keep the list short. A handful of rules you really follow says more than ten you ignore.
- Write rules about your behaviour, not about the market: "I wait for my trigger", not "the market will bounce here".
For a step-by-step approach, read How to write a trading plan.