Any recommendations of how to add more volume as balance grows to
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different levels. Say I have an add to volume at the start at say a balance of 1000, then it goes to 3000
If I initially had checked profit was greater than 2%, then I add .01 lots to a limit of .4, then
how can I add more to that block (add to volume) so that it stays in that same tree? Likewise how to subtract from that loop if balance went down???Please see the link here
As always, friends, I appreciate your input. You guys are the extra neuron I need here. hahaha
Thanks ,
Len
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If you open the buy/sell block you will see the first option is money management. Here you can choose options to change lot sizes as a percentage of your balance or equity.
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Thanks @tonyramirez
I understand that, but my concern is as it evolves and profits and the balance changes....
I appreciate it -
Maybe I don't understand your question.
What I think you mean is that you want to increase or decrease your lot size as balance/equity increases or decreases. I believe (because I've never used it myself) that if you use % of equity method, this is what will happen.
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@tonyramirez thanks Tony , that is true but 3000 account vs 5000 account (as it grows) is different as you know, but it is at this point when I would like to increase the volume (lot sizes) so that the amount of lots it took to get from 3 to 5 thousand grows so that I can take 5 thousand to ten thousand...
and in reverse too to protect from over trading lots...
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Do you mean you only want to start increasing your position size after your initial 3000 account reaches 5000?
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@tonyramirez I want this as a loop such that if there is an increase in account size, at say, growth of 1.1, it will continue to do the same proportionately throughout its life
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Sorry, I'd like to help, but I can't understand your explanations. I think you need to be more clear, or maybe someone else can understand what you're trying to say.
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@tonyramirez, its really like this
I start the ea with a program to base the additional volume on say when the account grows by 2%, Ill add lots to a position and cap it at .4 lots. The account grows to 3000 from 1000.
At this point, if I grow the account at .4 lots, it will grow at the same pace but, that's not what I want. I want to increase the lots as the account growsMake sense?
The problem is that I would need much higher swings in order to grow at a faster pace, unless I increase the lot size.
I want to grow this based upon the balance I have more so than relying upon the percentage of my balance being the same or relying upon bigger swings.I hope that clarified. Thanks