Maximum number of runs on random grid: This option also controls the number of iterations over a random sampling of parameter values, but the values are not generated randomly from the specified range; instead, a matrix is created of all possible combinations of parameter values and a random sampling is taken over the matrix. This method is more efficient and less prone to regional oversampling or undersampling.
If you are training a model that supports an integrated parameter sweep, you can also set a range of seed values to use and iterate over the random seeds as well. This is optional, but can be useful for avoiding bias introduced by seed selection.