Need help on programming a FFP money mgmt strategy

[[Deleted]]

Hi,

Would anyone kindly be able to help me out on programing the following money mgmt strategy, please ?

I took it from the following article: www.forexhound.com/article.cfm?articleID=104763

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Start trading at a conservative 5% FFP (or whatever suits you). But instead of using a Fixed Fractional percent, you use a range say 2%-25%.

Move up and down the scale by adding or subtracting half of your last daily NAV percentage.

For example start at 5% FFP.

Next day profit on trades = 1.5%
Therefore your next FFP = 5 + (1.5 * 0.5 ) = 5.75%

Say you then lose 3%
Next FFP = 5.75 + (-3 * 0.5) = 4.25%

Obviously use ranges and a daily factor (here 50%) that suits you, but you'll find this method really rewards good methods, and lightens up very quickly on bad.

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Thanks !!! =)