onDemandMaxPricePercentageOverLowestPrice

The price protection threshold for On-Demand Instances. This is the maximum you'll pay for an On-Demand Instance, expressed as a percentage above the least expensive current generation M, C, or R instance type with your specified attributes. When Amazon EC2 selects instance types with your attributes, it excludes instance types priced above your threshold.

The parameter accepts an integer, which Amazon EC2 interprets as a percentage.

A high value, such as 999999, turns off price protection.