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hi all,
I have an EA which opens positions every tick when certain conditions are met on 9 CFDs.
In order to introduce a concept of money management I am looking for a way to insert one of the following concepts, whichever is the simplest should work fine since at the end of the day the idea is to ensure only certain % of the equity is at stake.
a) I want to limit the maximum total number of Lots : say I work on 9 CFDs, even if conditions are met the maximum lot size which is open should not exceed 2 let's say. (on each CFD EA automatically opens 0,5 lots, so there should only be 4 positions in 9 CFDs)
b) I could indirectly limit the % of equity or % of free margin per se
I would very much like if you could suggest ways to code this in a basic way in mql4 language
thank you for your help
all the best