Each Day for the next month or so, I am going to cover one aspect of the inputs for Traders Gift EA and Strategy Optimizer and then I am going to cover Optimizations in depth, Money Management and finally a Battle Plan. At the end of the inputs, I will consolidate all the discussions into one PDF document and make it available at Post #1. Some discussions will provoke comment and I will incorporate all significant points in the final PDF. One point for sure I know will provoke comment is the Stop Loss Multiplier. That's about 1 week away. Continuous Straddle will be another interesting topic.

Lot Size

Risk Basis

Trade Closure Mode

Risk Percentage

Stop Loss

Stop Loss ATR Periods

Stop Loss Multiple

Use Trailing Stop Loss

Take Profit

Take Profit ATR Periods

Take Profit Multiple

Set Stop Loss to Break Even Pips

Min Pip Gain for Reset

Decrease Stop Loss Percentage

Other Inputs (1 one subject)

EMA Cross

Price EMA Cross/Position

RSI

MACD

STOC

Bollinger Bands

PSAR

Time and Day

Straddle

Continuous Straddle

CCI

ADX

ATR

Zig Zag

News

Pivots

Fibonacci

Support and Resistance

Divergence

Candlesticks

Volume

Setting up Optimizations

How to use Strategy Optimizer

Using a VPS

What to Optimize

How to Combine Strategies and Filters

How to Handle Money Management

Todays discussion -

Money management can be quite complicated if you take all the options presented and the option to nominate a fixed lot size gives you absolute simplicity in determining the relative values of strategies and filters in your back testing and trading. If you have been used to trading in small amounts such as .01 of a lot then fixing your lot size is the option you have with this input. This means that your Lot Size will remain fixed for every trade and Stop Loss Multiplier will have no effect.

Most MT4 brokers give you the option to trade in any of the major currencies so this means that the value of your profit is directly related to the size of your wager.

The rule of thumb is that a wager of 1 lot gives $10 (or 10 units of your own currency) per pip gained (a pip is .0001 except JPY .01, Gold .1, Silver .01). So a wager of .01 gives $1 per 10 pips.

If left at 0, your lot size will be determined by the size of your equity. I would recommend that you do leave this at 0 and use your equity as the determining factor because you are then taking the first step in a money management plan.

Lot Size

Risk Basis

Trade Closure Mode

Risk Percentage

Stop Loss

Stop Loss ATR Periods

Stop Loss Multiple

Use Trailing Stop Loss

Take Profit

Take Profit ATR Periods

Take Profit Multiple

Set Stop Loss to Break Even Pips

Min Pip Gain for Reset

Decrease Stop Loss Percentage

Other Inputs (1 one subject)

EMA Cross

Price EMA Cross/Position

RSI

MACD

STOC

Bollinger Bands

PSAR

Time and Day

Straddle

Continuous Straddle

CCI

ADX

ATR

Zig Zag

News

Pivots

Fibonacci

Support and Resistance

Divergence

Candlesticks

Volume

Setting up Optimizations

How to use Strategy Optimizer

Using a VPS

What to Optimize

How to Combine Strategies and Filters

How to Handle Money Management

__Finally__-__A Battle Plan__Todays discussion -

**Lot Size**Money management can be quite complicated if you take all the options presented and the option to nominate a fixed lot size gives you absolute simplicity in determining the relative values of strategies and filters in your back testing and trading. If you have been used to trading in small amounts such as .01 of a lot then fixing your lot size is the option you have with this input. This means that your Lot Size will remain fixed for every trade and Stop Loss Multiplier will have no effect.

Most MT4 brokers give you the option to trade in any of the major currencies so this means that the value of your profit is directly related to the size of your wager.

The rule of thumb is that a wager of 1 lot gives $10 (or 10 units of your own currency) per pip gained (a pip is .0001 except JPY .01, Gold .1, Silver .01). So a wager of .01 gives $1 per 10 pips.

If left at 0, your lot size will be determined by the size of your equity. I would recommend that you do leave this at 0 and use your equity as the determining factor because you are then taking the first step in a money management plan.