Here's a potentially more complete answer.
1) Check the specs on the LEDs you want to use. They will list a forward current and voltage (e.g. 500mA, 3.0V, etc)
2) Make sure the LEDs forward current one of the selectable currents on your driver (listed at the top).
3) Then take the 50.4W (driver's maximum output wattage) and divide it by the LED's current and then divide it again by LED's voltage. For example, if the LED is 500mA and 3.0v, the calculation would be 50.4W / 0.5A / 3.0v = 33.6 LEDs. This is the theoretical maximum.
4) Take the theoretical maximum from the above calculation and reduce it by 10% (multiply it by 0.9). Then round down, and you have the number of LEDs to use safely. In the above example, you would end up with 30 LEDs.
5) If you want to double-check your math, just take the number of LEDs, multiply by the LEDs forward current in amps and forward voltage. You should end up with about 45 Watt or less.