Make all possible mistakes in Demo and rain in pips in live account

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- Joined Mar 2016 | Status: Member | 6,104 Posts

Make all possible mistakes in Demo and rain in pips in live account

9jatrader All Time Return:
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- Joined Jan 2018 | Status: Member | 13,241 Posts

QuoteDislikedI trade anything from micro and up. The next trade can be 1.0 lot, I have no idea. Lot sizes vary as does TP & SL levels, what netter is the outcome size relative to equity. At this point I don't even know how this can be solved or what I'm looking for. But the problem is still there

Reading this

QuoteDislikedImagine the algorithm calculations says the lot size should be 0.0065734 for this trade outcome to result in a -5% or +5%... You see where is the problem? Exactly we don't have 0.0065734 lots, thefore it's rounded to 0.01.

Thanks! Good luck with all your trading. Serge.

- Joined May 2017 | Status: Member | 148 Posts

Disliked{quote} Yes. {quote} Your EA needs to roundup the lot acounding to this. You can't just let it be anything without boundaries, that disaster in the making. You need to quantify a bit better. The same way to need to round order price to pipettes, you also need to round the lot size accordingly. Reading this {quote} It means that when you are planning a trade you'd like the outcome to be -5% or +5%. -5% or +5% of what? Are you saying that you'd like the profit to be +5% of your Equity or the loss to be -5% as of your equity?Ignored

Yes excuse my math language. Simplifying everything.

-5% if equity incase of stoploss

- Joined May 2017 | Status: Member | 148 Posts

DislikedIf you cannot make a pip in demo how do you expect to make from where emotion is higherIgnored

Wise words.

If you're not scalping thought

Disliked{quote} Yes excuse my math language. Simplifying everything. -5% if equity incase of stoplossIgnored

- make a profit of 5% of your equity
- make a loss of 5% of your equity.

That means that your SL=PriceA-5% and TP=PriceA+5% in case of a long trade. So 5% become your R, risk reward ration(RRR).

So the true question is how much pips represent 5% of your equity.

The answer is it depends on your equity, your account base currency, your account leverage and the currency pair you are trading.

Is this what your are looking for before I deep dive in how to calculate the Lot size once you know the pips?

Thanks! Good luck with all your trading. Serge.

- Joined May 2017 | Status: Member | 148 Posts

Disliked{quote} Let say base on your probabilities, you'll enter the market at price A and you want to exit when you either: make a profit of 5% of your equity make a loss of 5% of your equity. That means that your SL=PriceA-5% and TP=PriceA+5% in case of a long trade. So 5% become your R, risk reward ration(RRR). So the true question is how much pips represent 5% of your equity. The answer is it depends on your equity, your account base currency, your account leverage and the currency pair you are trading. Is this what your are looking for before I deep...Ignored

Then after you can then work out the lot size. It can't be any other way.

Disliked{quote} Think of this way. Trade setup comes with an open price, TP and SL. Risk per trade is fixed at at 5% per trade at a ratio of 1:1. Then after you can then work out the lot size. It can't be any other way.Ignored

Good luck with your EA!

Thanks! Good luck with all your trading. Serge.