DislikedThanks for this great system. I would like you to clarify how you translate you risk percentage into lotsize.
As an example: If I wanted to risk 1% of $1,000 = $10; Would I assume a 50 pip target and set my lot size to 0.02 lots ($ 0.20 per pip) ?Ignored
Use this before every trade, if your stop is less due to swing high or low, the position size will be larger, BUT your RISK will always remain the same - in Forex trading, that is all you can control, think about it!
http://www.earnforex.com/position-size-calculator
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%