% OF EQUITY = LOT (Automatic-money management)
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The concept of getting the robot to automatically choose new order "Lot Size" (based on how much one has as equity) looks simple. But I watched a Youtube video tutorial and I found that it is not as simple as me punching a percentage of equity I want (e.g. 100%) in my robot builder. Instead I saw something with 3 thousand percent (example), which was not explained. In my understanding, we can go from 0% to 100% only. That now confused me a bit. I think there is a factor that is included in that number, that I do not know of.
I would like the robot to automatically place an order according to how much I am currently making (let us use 100% for the example). Why is it not as simple as me punching in 100% in my robot builder (percentage of equity) ? What am I missing ? Is there something I need to factor in ? How ?
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@nande-designs It's not 0-100 because we use leverage.
1 lot on EURUSD is actually 100 000 €.So with 1000€ account, "100% of equity -> lots" means 0.01 lot.
3000% would mean 0.30 lot, respectively. -
So if I wanted a maximum lot size (too risky "strategically", I understand)... then "technically" the correct input into the builder would be "10 000% of equity -. lots" according to this line of reasoning ?
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@nande-designs Maximum risk depends on your account's maximum leverage.
For 1:1 -> max 100%
For 1:10 -> max 1000%
For 1:100 -> max 10 000%
For 1:500 -> max 50 000% -
@roar Thank you very much...
Was looking for answer all over the forum. You shine thank you
