Hope someone can help me here. Is it possible to setup the fxtrade "trading" tab so that no matter what pair you are trading, you would buy the correct number of units to risk 1% of your account balance? I realize you would have to define your stop loss...say with a stop of 20 pips. Thanks so much.
This is because all these trading softwares including MT4 never "think" of you making money and all have horrible ways to enter a position.
I already searched for something for MT4 where you can plot lines on chart (SL, TP) before you get in and it automatically sets the lot size, but that thing was buggy just as everything else.
The only way is a calculator or make a table of how many lots per what SL size you need.
With fxTrade you can "guess" the size, because on the bottom of the buy/sell pop up it tells you how much you would loose in case your SL gets hit, so, knowing what 1% of your account is, you can guess the units.
Having traded a lot, I know what size I need to what SL, but I wish I had a software that would do that for me to eliminate all errors that I could make.
By the way, there were times where trades manually calculated moving averages and drew them on charts by hand hehe, that was even more pain in the ass, but it is usually true, that the more work you do, the better you are than others.
I found a penny today. That's +100 pips for me.