You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I have seen many topics around this subject, but i am finding it difficult to understand.
My trading algorithm sets my stop loss to 1.5 x the ATR of a symbol.
My risk is 2% of my Free margin.
(Is free margin the best place to take 2% of my balance?)
pipVal = riskVal/(atr * 1.5); // Pip value in account currency if stop loss is hit within risk budget
I want to set my trade volume to equal my pip value, and this is where i get stuckI have used so far:
I am not sure if my long_tradeVol, and short_tradeVol are correct, and would like someone to correct it if possible.
As a test riskVal in account currency should equal tradeVolume * (Price - OrderStopLoss * DeltaPerLot + CommissionPerLot), but i am stuck on how to test this as well.