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CUSTOM EXPERT ADVISOR FEATURES
2. Percentage of Fluctuating Account Equity – determined by a percentage risk factor you choose, changing with your account equity as it changes.
3. Percentage of Fixed Account Size – determined by a percentage risk factor you choose and an account size value you can set with an input value. Trade percentages are based from the account size you choose, which can be updated periodically as you see fit.
4. Percentage of Equity and Stop Loss – If you want to risk an exact percentage of your account per trade, we can determine the lot size from percentage equity and whichever stop loss you choose. For instance, if you have a $10,000 account and you want to risk 2% equity per trade with a swing high/low stop loss, then $10,000 * 0.02 = $200 risk. To find the lot size, we first need to find the swing high/low. For example sake, let’s say the swing high is 60 pips away. Now we determine that the lot size = $200 / 60 pips = 3.33 units.
2. Swing High/Low – Stops are calculated based on a recent swing high or low price
3. Volatility Based Stop – Stops get wider as volatility increases and narrower as volatility decreases (volatility is typically calculated by average true range ATR).
Take Profits & Exits:
2. Trailing Stop Loss – Set the number of pips you want the stop loss to trail by
3. Breakeven– Move the stop loss to breakeven after price is a certain number of pips positive
4. Indicator Based Exit – You can also use indicators as a trailing stop or take profit. For example, you can use a 20 day Moving Average as a trailing stop.
Power Failure Safe: