RISK Management

[Tonygbrobot]

Hi everyone,

I have some troubles with risk management in sell operations.
I would like to risk 1% of the amount of my account in every trade. So I need that the EA calculate the lots in base to the amount of money and the pips of the stop loss (these parametrers are variable in every operation).

Does anyone have the solution to this problem?
Thanks in advance.

[jstap]

@tonygbrobot In the buy/sell blocks instead of fixed lot, use account % vs stop loss.

[Tonygbrobot]

Hello, thank you for your answer.

I have tried these options, but the amount of money calculated it is not right, because sometimes loses more than 1% of the account.

[jstap]

@tonygbrobot I use these settings and is always about the correct size, don't forget the spread can affect the finished value, if it's still not right put a shared link here so things can be checked.

[Tonygbrobot]

Hi, thanks for your answer.

Here it is the configuration and some examples of the operations and the stop losses.
The TP and the SL are variables configurated by me, and they work correctly.

Configuration "Sell now" :

Results Metatrader:

As you can see, the EA loses much more money than it is suposed to risk.
In conclusion, even if we count with the spead, the losses are not in coherence with the amount of money.

Thank you in advance.

[jstap]

@tonygbrobot This is not the option I was talking about, the other option works out the lot to use against the stop loss, I never use this option and I see no way it can know the loss if not measured against the stop loss.

[Tonygbrobot]

Hello,
Thank you again for your help.
I have tried with the option you mention and the results are still imprecisse, sometimes it losses 1% of the account and sometimes it losses much more.


Maybe there is some problem with the stop loss? It is a variable that stablish a price lebel depending on a past candle value. In the backtest, the value is always the correct price level, so I sopose that the variable works correctly.
But maybe this configuration can trouble the risk management?
Thank you in advance.

[jstap]

@tonygbrobot This works perfectly, spread depending, put the shared project here so whats happening can be assessed.

[Mocurcas]

It's awesome that you want to risk only 1% of your account in each trade. To do that, you'll need an EA that can calculate the lot size based on your risk amount and stop loss in pips.