thepark wrote:
so i start off with a risk box and the i split that risk box into ten lines.
should the risk box be a certain percentage of your account size?
how do i determine how many pips one line of risk is? can i say its 15 pips? risk per line automatically goes up by timeframe right? the higher the TF the wider the lines and the smaller my position size?
so i can back out my initial lot size from 0.1666% of account = 30p SL x lot size
if i lose my first trade i do not decrease my lot size because that is my min lot size?
is there a cap at what lot size you use if you keep winning?
thanks MO!
I start with 8 lines but you can start with any number that you feel comfortable with so
long as you understand how stacking speed is affected.
You can use up to 2.5% of your highest account balance to start a risk box.
I 'line' is around 40% of the hourly ATR:
40% x 02 for H4 (H1 position size / 02)
40% x 04 for D1 (H1 position size / 04)
40% x 08 for W1 (H1 position size / 08)
40% x 16 for MN (H1 position size / 16)
If an H1 line = $25 then 1 line in every other period should = $25. If you stack to $75/line then every period = $75/line regardless of whether you move up or down the periods or switch charts.
There is not a cap on size but there is a cap on how valuable a line of a certain width can be:
H1: $100/line
H4: $200
etc.
Reason being that the chart is more likely to unexpectedly take out multiple lines on smaller chart than on a larger chart.
These are guidelines, you should always do what is right for you.
PS: I just now saw Mira's post.
. 
Yesterday icould know who was Dragon33.
IS A LIE__________