Money management & lot size | Diễn đàn Forex của Myfxbook

Tham gia từ Dec 30, 2021 5bài viết

Nov 05, 2022 at 11:29

Tham gia từ Dec 30, 2021 5bài viết

Hi everyone,
i'm back at trading with a new strategy only on EURUSD, intradays and daily trading. I would like to get some feedback about a topic; i almost never place stop losses cause i don't want to be cut out from a support or a resistance for few pips. I'm doing quite well at getting getting the trend and when i don't the losing trades turns in profits (even if small ones) in max a week or whatever so i close them.
My account is < 1K € and i don't want to exceed 3% as money management per trade. How can i calculate the lot size if i dont' place stop losses? is there a kinda scale according to the accout dimension that can be used? What do you think in general? Thanks

PERSEVERANCE.

MaddisonKing

Tham gia từ Dec 14, 2022 1bài viết

Dec 14, 2022 at 13:18

Tham gia từ Dec 14, 2022 1bài viết

Great i like your post.

Commonition

Tham gia từ Mar 17, 2022 47bài viết

Dec 16, 2022 at 06:27

Tham gia từ Mar 17, 2022 47bài viết

Using stop loss is necessary not only for risk management but also for money management. Aim at not risking more than 2% per trade even if you think you have enough capital.
Secondly, use a lot size trading calculator for help. Moreover,lot sizes do not depend on whether you are using stop loss or not. So it wouldn’t affect me.

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USDCAD	1.37696	USDJPY	157.934	GBPUSD	1.24856	EURUSD	1.06639	GBPJPY	197.194
EURGBP	0.854	EURCHF	0.9824	EURJPY	168.441	USDCHF	0.9214	AUDUSD	0.64776