How to increment lot size when Equity drops
trader3000: increase the lot size incrementally by 1 microlot every time that the equity drops incrementally by $200. So if my starting equity is $1000 and it drops to $800, the lot size of the next trade should go from 0.01 to 0.02. Then if the equity rise to say $1200 and drops for a second time by $200, the lot size should go to 0.03.
Lots = NormalizeLots( (Equityhigh - AccountEquity() ) /10000); // (1000-600)/10000 = 400/10000 = 4/100 = 0.04
Hi Everyone
I'm stuck. I'm trying to write a simple EA that would increase the lot size incrementally by 1 microlot every time that the equity drops incrementally by $200. So if my starting equity is $1000 and it drops to $800, the lot size of the next trade should go from 0.01 to 0.02. Then if the equity rise to say $1200 and drops for a second time by $200, the lot size should go to 0.03. So, both the value of the highest equity (in increments of $200) and the value of the highest lot size (in increments of 0.01 lots) must be saved as a variable. I have tried different ways to accomplish this, but do not get it to work properly. This is what I have at the moment: