Hi everyone, can someone tell me how to calculate the lot size without specifying a stop loss??? Cause I don't use them.... I'd like to just set a risk % on my total capital and get the lot to place. Can someone help me out?
I have ever seen software using excel to calculate position size and risk, but I forget the source. How to take the small risks I use the smallest position size 0.01 and increase when make double a hundred percent profit.