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I want to risk a fixed % of my account for each trade I make,
but obviously, the account equity/margin is changing after every trade
So, to make it follow the growth of my equity/balance,
I want to adapt the LOT SIZE every time I trade.
I need the formula to calculate the correct LOT SIZE
corresponding to the chosen % of my equity.
I would like that the formula will include all these factors:
ACCOUNT TYPE (1.000, 10.000, 100.000)
TICK SIZE FOR THE CURRENCY PAIR (0,0001 for EURUSD)
LEVERAGE (100, 200,..., 500)
CURRENCY PAIR QUOTATION
ACCOUNT EQUITY (MARGIN)
RISK %
Is someone able to help me?
With the formula I will make a little spreadsheet and I will post it here.
Thank you very much
Michele