Set trade size based on equity

• 02/06/2020 at 2:28 PM #118832
  petermarton

  Hi, I couldn’t find anywhere how to set the trade size based on equity. My intention is having set open price and stop loss price to calculate trade size based on equity, e.g. 1% of equity (rounded up).

  Anybody help pls.

  Peter

  

  petermarton

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  02/06/2020 at 4:15 PM #118849
  Nicolas

  Here is a basic position size calculation with percent risk and fixed stoploss size:

  //MM lot size REM Money Management Capital = 10000 Risk = 0.01 StopLoss = 10 // Could be our variable X REM Calculate contracts equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

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  //MM lot size REM Money Management Capital = 10000 Risk = 0.01 StopLoss = 10 // Could be our variable X REM Calculate contracts equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

  There are other many topics about position sizing: https://www.prorealcode.com/topics-tag/position-size/

  https://www.prorealcode.com/topics-tag/position-sizing/

  https://www.prorealcode.com/topics-tag/positionsize/

  https://www.prorealcode.com/topics-tag/money-management/

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  Nicolas56, petermarton

  

  Nicolas

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