MONEY MANAGEMENT BUY/SELL
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How can I implement a trade lot size strategy that adjusts based on my previous wins or losses, similar to compounding? Specifically, if I win $2 on a trade, I want to risk that $2 on my next trade, and if I win that one, I want to risk $4 on the following trade. However, if I incur a $4 loss on a trade, I want to decrease the risk to $2 on the subsequent trade, instead of resetting back to the initial trade lot size like in a Martingale strategy.
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Are you sure you want to increase lot size when winning? That is extremely risky.