Set Risk Limit for Stop Loss
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- [0_1600040457692_AA Max Risk.mq5]
Hoping someone can help with my problem
I want to be able to limit trades entered into based on Maximum Risk. I have set the Risk calculation as the lowest candle in the last four for Buy positions and reverse for sell.
I then set the Maximum Risk as a constant but the EA takes no notice of this condition.
I have tried changing between Numeric and Pips and Value As Is - all to no avail.
Thank you in anticipation
- [0_1600040457692_AA Max Risk.mq5]
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Not sure if anyone was going to reply but I now have the solution to a problem that has held me up for days. Instead of setting the Stop Loss as a variable and the maximum stop loss as a constant I did the following
Limited the risk by using the distance condition and set the maximum distance as a constant
Good luck with your trading -
Thanks, but the distance condition, with what parameters
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@kriordan Interesting. Could you please shw a screenshot of that configuration?