Excel Forex Spreadsheet help needed

I understand that when market makers trade they often scale in to get the position correct.

I have been told they risk between 1 and 2% per trade. They scale these trades in 3 portions. First trade is .03% second trade is .06% and final scale in is 1.2%...

My problem is, I want an excel calculation to make this easy to calculate the buy or sell limits, and where exactly will the hard stop loss be , so that the total possible loss would be 2%....if this could be made into an EA then even better.

Does this post make sense, or does it need more explanation?

Cheers

That should be relatively easy to code into and EA (sorry do not have the time at present).

I suggest you use the search option and see what you can find.

Here you go your starter for 10.

As is it is just a start but proves that you can do what you want.
It assumes that you are only trading the 1 pair.
The lots are calculated from the stoploss that you choose which would be the same for each of the 3 positions.

It has been done as a simple indi but could be made into an EA with a little effort.

NB. I have not checked to see what else is available and which might well be much better. As posted above, try a search.

HTH

usdivers, If you need help formulating this in excel I can help you. As far as creating an EA, I presently do not have the time. PM me as many details as you can, and I should have the spreadsheet ready in no time. I'll post back on this thread.

Usdivers,

Yes, money management is very important for any successful trading system.Have a look at this site,am sure you will find something,that may exceed your expectation .

I have attached a money management Excel document by Mike Swanson, which can also be downloaded from his site & for more detail explanations on how to use this tool visit this site; http://ddsmm.forexdecoder.com/

What even exiting is that he is showing how you can integrate this powerful money management system to EA .

Many thanks to LoR who is looking into this.

Cheers,
Benji

Usdivers,

This tools may also interest you,MT4 Order Plugin,found on this thread http://www.forexfactory.com/showthread.php?t=281772 and a visual order management system for MT4 found on this thread http://www.forexfactory.com/showthread.php?t=280437

Cheers,
Benji

about fx Decoder(ddsmm) of mike Swanson

the introducing webinar is misleading of what you really get for the 3,997.

for this price you would expect more,then just the eas. no live training what so ever only some bunch of old vidoes.

it seems they are more into selling and not teaching.

just stick with the free money management Excel document. the fx decoder member site is not worth the 4000 dollars.

does anyone know if there is something i can put a complaint in of this company