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#1
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[Request for Experts] Complete Formula to calculate Lot Size
I want to risk a fixed % of my account for each trade I make,
but obviously, the account equity/margin is changing after every trade So, to make it follow the growth of my equity/balance, I want to adapt the LOT SIZE every time I trade. I need the formula to calculate the correct LOT SIZE corresponding to the chosen % of my equity. I would like that the formula will include all these factors: ACCOUNT TYPE (1.000, 10.000, 100.000) TICK SIZE FOR THE CURRENCY PAIR (0,0001 for EURUSD) LEVERAGE (100, 200,..., 500) CURRENCY PAIR QUOTATION ACCOUNT EQUITY (MARGIN) RISK % Is someone able to help me? With the formula I will make a little spreadsheet and I will post it here. Please avoid hasty answers, Thank you very much |
#2
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Re: [Request for Experts] Complete Formula to calculate Lot Size
I'm also trouble in this lot calculation, its one of my weakness in forex trade..
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