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Correct me if I am off base here, but shouldn't money management NOT be based on lots per balance....but instead be based on RISK per trade? Instead of calculating .1 lot per $1000, calculate lots based on the stoploss for the particular trade. So, say you want to risk 3% of your balance per trade, then based on the stoploss for that trade say it is 30 pips, maybe calculated on the low of the previous bar...say...Open[0]-Low[1]+(2*Point) and your balance is $1000 then the 3% risk is $30, so 0.1 lots at 30pips risk =$30. It LOOKS the same as the .1 per $1000....UNTIL you run into the money management scenario discussed initially in this article where exponential "dints" made HUGE drawdowns. Using risk to calculate the lot would keep the "dints" proportional. I will see if I can modify lucky EA to use risk MM.
VeryGood Article and Clear Points, I love it!
Btw,When can we read Part2?
https://www.mql5.com/en/forum/16514#comment_715789
What a beautiful table. Beautiful.