Betting custom sequence risking % of Equity
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Good day I hope you are well, i am developing a system but i seem to be stuck when it comes to calculating risk per trade. Ideally i would like to risk 1% of Equity per trade. In the picture i have attached my stoploss is calculated using 2ATR, which should give lot size depending on equity now where i am stuck is how can i transfer that to the base volume because i would like my lot size calculated as i have highlighted above. thanks for your help i hope i am making sense
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Have a look at the money management options in the Buy/Sell blocks... They already have % of Bal/Eqt there....*
Keep in mind these figures will change between say EURUSD and XAUUSD etc....*
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Yes i get that but look this is under MM betting sequence, please check the picture attached if i choose the option you highlighted then im unable to use the betting sequence, and this strategy is based on that
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@Morpheus_0 i am not sure if you get what i am saying please assist
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I'm sorry no, I don't really understand....
Perhaps post a shared link to your project.....*
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Can you please share the link to your project? Otherwise we cannot help.
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@l-andorrà where i am having the issue is on entering the trades. where is says base volume i would like to risk 1% per trade, then from here it follows the sequence outlined but the base would be 1% and this 1% should have a stoploss of 2ATR to come up with the lot size given the account size
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I am not sure if this is what you need but, in the buy/sell block the % of equity can be set using the SL as loss measurement, the SL can be set by ATR. Is this what you are trying to do?
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@jstap im trying to open my trades using custom sequence, the only option i see is under base volume where i can manually enter the lot size for first trade of the sequence, what i want to do instead is have the option to open trades at 1% of account size (having a stoploss of 2Atr for each trade) then thereafter if a loss occurs the trades follow the sequence
for example if my sequence is 1,2,3 then first trade risks 1% of account size and stoploss is always 2atr, if loss occurs second trade risks 2% and third risks 3% of account size then it resets when i make profit.
the big issue is under Base volume where i need maybe custom code to calculate 1% of account balance. i hope it makes sense
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You will need to set up a custom lot size set up, so a trade is placed, then looped and the next placed etc. I assume everything is done with pending orders or is a new trade placed every time "x" pips are travelled?
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@pips-0 Then I'm afraid you will need a custom structure to do all the calculations for the lot size. I don't think any of the options offered by default in the 'buy now' block can do that.
