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.