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    NNFX Money Management / Risk Strategy

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    • S
      SirBoyce last edited by

      Hi All,
      I thought I would try out NNFX's strategy/advice for money management in an EA. Essentially it is this:

      1. Express current ATR value in pips (ATR X 10,000 = ATR_PIPS)
      2. ATR_PIPS X 1.5 = Stop Loss pips (SL)
      3. 2% of current balance = RISK
      4. RISK / SL = Current PIP VALUE
      5. Calculate Lot Size to reflect current PIP VALUE so risking only 2% of balance on the trade

      I created variables and formulae in the following to cover 1-4 of the above: https://fxdreema.com/shared/wTS8dsTI

      0_1598665365087_NNFXVariables.PNG

      My questions are as follows:

      1. Is this (creating the variables and formulae) the right way to go about achieving this?
      2. If so, where and how are these formulae placed/linked in the EA?
      3. How do I convert PIP VALUE to Lot Size and add this to the EA (e.g. another variable and formula?)
      4. How should the resultant variables be loaded into the Buy / Sell blocks?

      Many thanks in advance!

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