Hello,
Looking for some help from someone who has experience using the MAM allocation software for money management. I may start managing and am looking to see if the MAM software is an option for me. The broker I'm looking to use has MAM as an option but not PAMM.
When I trade I only use 1% risk per trade.
Obviously if I have a 25 pip SL the lot size to achieve 1% risk on the trade is a different lot size than if my SL is 50 pips.
Is there any way have MAM set the lot size based on my SL and total AUM using 1% risk per trade?
What I really want to be able to do is risk 1% on each trade automatically....BUT...obviously what 1% could be for each trades may not always be the same due to a different SL.
Thanks!
Looking for some help from someone who has experience using the MAM allocation software for money management. I may start managing and am looking to see if the MAM software is an option for me. The broker I'm looking to use has MAM as an option but not PAMM.
When I trade I only use 1% risk per trade.
Obviously if I have a 25 pip SL the lot size to achieve 1% risk on the trade is a different lot size than if my SL is 50 pips.
Is there any way have MAM set the lot size based on my SL and total AUM using 1% risk per trade?
What I really want to be able to do is risk 1% on each trade automatically....BUT...obviously what 1% could be for each trades may not always be the same due to a different SL.
Thanks!