Space Wars

[PebbleTrader]

[PebbleTrader]

[PebbleTrader]

[PebbleTrader]

[rushN4]

Pair= Eur/USD
Account= 1000$
Initial Box = 100pip

How many lots do i have to buy?

how do i use the spreadsheet if i lose 30 pip and there are only 70pip remaining of the initial Box and on my next trade i want to use a 100pip Box again?


how do i use the spreadsheet if i win 50pip and on my next trade i want to use a 100pip Box again?

For my friend rushN4:

thank you very much for your help

ok so i decrease/increase my initial Lots (micro) till it fits with the 20% rule of leverageUSD. correct?
(-MO-My largest initial position size is 20% of leverage-MO-)




So i can buy 7 micro lots with a 100 pip box.
Maxboxrisk $ = 70$

[rushN4]

[PebbleTrader]

k so i decrease/increase my initial Lots (micro) till it fits with the 20% rule of leverageUSD. correct?

That would be correct (MO-My largest initial position size is 20% of leverage).

[PebbleTrader]

You got the idea, I just threw out a number, 35 pips, since this was a fictional example. If you determine you can "live without" 48 pips than you would use that for the exchange. Then match (closest match) the retracements to find the next size to adjust to (increase to).

[rushN4]

You got the idea, I just threw out a number, 35 pips, since this was a fictional example. If you determine you can "live without" 48 pips than you would use that for the exchange. Then match the retracements to find the next size to adjust to (increase to).

great thanks for the help PebbleTrader

[Sledge]

I completely understand the concept but am lost on everyone interpretation of a lots.

Mo based on the DMM image how would you set up the number of lots value in your spread sheet. and do I have the rest of the values correct ? based on the DMM image.

Attached

Thanks for the Answer Mo, That clears up how to use it for me. But brings up a few more questions in return [schild=1 fontcolor=000000 shadowcolor=C0C0C0 shieldshadow=1]question[/schild]


In your first image how does one risk 7 times their account size if you have a 10k (1 mini) account and risk 70k (7mini)

Also wouldn't a $700 account be .07 in the account size in lots
7k = .7
70k = 7


On my account I can trade standard lots, mini or micro.

7.0 = $70 tick / pip
.7 = $7 tick / pip
.07 = 70c tick / pip


I think this is were my confusion was coming from. I'm not sure if a decimal could be implemented in the number of lots to reflect the account size or am I way off base here in my thinking lol.

Thanks