Yes, you can use either one of the options 1 or 2, but not both at the same time. To overcome this problem you could probably neglect the loss from possible stoploss and use x% as a fraction of free margin to determine lots without a stoploss, and only then apply the given function for the option 2.
Got it. Thanks Stanislav!
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Hi all,
I am trying to :
1. set the trade size to x% of account balance and
2. set the stop loss to y% of account balance
However, I found that trade size formula depends on stop loss and vice versa. This creates dependent loop between them.
This is the function that I found in another thread:
Is my understanding correct?
How can I achieve setting the trade size and the stop loss base on the account balance, if it is at all possible?
Thanks.