Maximum loss is $30 per micro, $300 per mini, etc

x. $70 per micro, $700 per mini, $7000 per standard, $70k per full

Maximum loss is $30 per micro, $300 per mini, etc

xx. $150 per micro, $1,500 per mini, $15,000 per standard, $150k per full

Maximum loss is $70 per micro, $700 per mini, etc

I have $1,000 and I don't want to double after 5 losses (t.)

$1,000 / 50 = 20 micro lots

Max loss = $30 * 20 = $600

I have $1,000 and I want to double after 5 losses (x.)

$1,000 / 70 = 14 micro lots

Max loss = $30 * 14 = $420

I have $1,000 and I want to double again after 10 losses (xx.)

$1,000 / 150 = 6 micro lots

Max loss = $70 * 6 = $420

Ignore numbers to the right of the decimal.

TheRumpledOne wrote:I guess I have a mental block.

Let's say you start with $1,000.00 USD in your account.

What is the formula to calculate the number of lots to trade?

If you can give me the formula, I can code an indicator.