alex_forex wrote:sponn wrote:Traders I'm not a coder so... I ask for help...
Could anybody update 10.4 Market Info indi to show 1% (or 0.5% or whatever) for a trades placed on WS, WR, WP. We have entrys around these lines (WMR, WMS) not a market orders so info what indicator is giving now (actual price from 240 MA and lot size) is not usable for trading. It helps for sure but doesnit be easier to show real lot size for pending trades ?
Was thinking about that today !
Thanks for pointing that
Alex
Of course this would make it easier, but the math isn't that difficult;
For every € 1.000,- balance with 0.01 lot and 100pip SL equals 1% of balance.
A SL of 500 pips is not really logical, so I take a max. SL of 200 pips if the 240MA is further away.
This means that with a max SL of 200 pips, I use 0.01 lot for every € 1.000,- balance and end up with 2% risk.
Because as soon as the 2nd trade opens the BE kicks in, the risk is minimal in my opinion. It is rare to have a full SL with this system, because;
- we're trading with the trend
- the initial SL is far enough away to give the trade room/ time to trigger the 2nd trade before SL is reached