Double lot size every time the account balance doubles.

[MelloMatt]

Hello, I'm trying to auto increase the lot size or 1.5x the lot size every time the account balance doubles. Does anyone know of a way to do this? Using standard TP and SL for risk management.

[Morpheus_0]

Hello Matt*

Have a mess around with the Money Management features...>> https://fxdreema.com/documentation/builder/money-management

Alternatively it is probably possible using Variables and the Formula Block...

Regards*

[l'andorrà]

@MelloMatt Morpheus is right. However, you need to consider what happens with lot size if balance is moving back to below double size? Should lot size be decreased again?

[MelloMatt]

Thank you for the responses. I'm looking to double the lot size only when the account balance doubles in size and not auto scaling per $ amount.

Example:
$1k account size = 0.3 lots
$1500 account size = 0.3 lots
$2k account size = 0.6 lots
$3k account size = 0.6 lots
$4k account size = 1.2 lots
$6k account size = 1.2 lots
$8k account size = 2.4 lots
Etc

With the system I would not decrease the lot size ever. I've been trying to figure out how to implement this, but stuck on this currently.

[l'andorrà]

Does that mean that if balance was 4500 yesterday but it's 3500 today the both will still be using 1.2 lots?

[MelloMatt]

Thank you for the response. Yes the lot size would still be using 1.2 lots and wouldn't be lowered ever once it is raised.

[l'andorrà]

The you need to use two variables to do that calculation. Are you familiar with variables?