We all know that trade sizes vary depending on the stop-loss.
If you use the same lot size for every trade, the risk becomes inconsistent.
Manual traders can bypass this by using a risk calculator or tools like Magic Keys.
However, for algorithmic trading, an automated code is required that calculates the value per tick or point and adjusts the lot size accordingly.
Has anyone here developed such a code in MQL?
Risk management is just as important, if not more important, than the technical aspects of a strategy.
With logic for balanced risk per trade, it can seamlessly integrate with the core trading strategy.
Looking forward to hearing your thoughts
or experiences!
If you use the same lot size for every trade, the risk becomes inconsistent.
Manual traders can bypass this by using a risk calculator or tools like Magic Keys.
However, for algorithmic trading, an automated code is required that calculates the value per tick or point and adjusts the lot size accordingly.
Has anyone here developed such a code in MQL?
Risk management is just as important, if not more important, than the technical aspects of a strategy.
With logic for balanced risk per trade, it can seamlessly integrate with the core trading strategy.
Looking forward to hearing your thoughts
or experiences!
