Formula of % of Balance => Lots
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Anyone here knows what the formula of "% of Balance =< Lots"?
I want to create a custom money management block that will calculate the lots to be use using % of balance but the balance is user input. I don't know what is the formula of that since it considers the pip value of the pair it trade.
Thank you!
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That formula is doing exactly that. You select a % of the current balance and it wil transform it into lots. However, the trade wil need an active SL for that calculation to be working.
