Automatic position size based on desired account risk in %
The ability to have you position size automatically calculated to a predetermined percentage of your account capital you wish to risk based on the chosen stop loss. This would be more efficient without the need to adjust lot sizes based on different currencies and account fluctuations.
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Andrew Cole 29.05.2016
With added features:
1) % calculated on Balance / SL as requested initially.2) % calculated on Balance / TP.
3) Static % based on current Balance or Equity.
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Andrew Cole 29.05.2016
With added features:
1) % calculated on Balance / SL as requested initially.2) % calculated on Balance / TP.
3) Static % based on current Balance or Equity.
4) Reverse the function to use a static % of Balance or Equity which automatically sets SL/TP levels based on user input ratio. eg, 10% of Equity automatically sets 1:3 SL : TP (Equity = $100, Order Amount = $10, SL = -$10 / TP = $30).
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Paul Jeffrey 07.07.2016
I would vote for this provided it included the ability to set a fixed Risk amount in the Account Currency. E.g I want size my position according to the SL I set with a risk of USD100 regardless of available margin or account size. Actually I'm writing a custom indicator to do this, that's why I have posted the question about horizontal lines in C# on the forum :-)
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Goncalo Botelho 07.12.2016
Expanding on this great and very essential idea,
With such feature in place, the "order entry" menu, could then allow to execute the same position along "All" accounts with the same risk level (%). That would be awesome!