When copying trades, is there any way I can keep a constant lot size. For example, the signal I follow might trade in 0.10 lot size, I want to enter the same trade with 0.01 lot size.
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aiimon22:
When copying trades, is there any way I can keep a constant lot size. For example, the signal I follow might trade in 0.10 lot size, I want to enter the same trade with 0.01 lot size.
When copying trades, is there any way I can keep a constant lot size. For example, the signal I follow might trade in 0.10 lot size, I want to enter the same trade with 0.01 lot size.
No you can't do that, except if you keep the 1/10th of the signal provider's balance (a bit more actually, since you can only use up to 95% of it).
Or you can adjust the participation percentage in signal's settings, accordingly in order to keep a copying ratio of 10% always.
aiimon22: When copying trades, is there any way I can keep a constant lot size.
Copying trade, no.
You don't ever want constant lot size. You want constant risk and risk is a function of lot size, stop loss size, and value of the symbol.
- In code:
Risk depends on your initial stop loss, lot size, and the value of the pair.
- You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- Account Balance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
-
Do NOT use TickValue by itself - DeltaPerLot
and verify that MODE_TICKVALUE is returning a value in your deposit
currency, as promised by the documentation, or whether it is returning a value
in the instrument's base currency (EUR, in this case).
MODE_TICKVALUE is not reliable on non-fx instruments with many brokers. - You must normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
- Use a GUI EA like mine (for MT4): Indicators: 'Money Manager Graphic Tool' indicator by 'takycard' Forum - Page 6
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