Quote:
Originally Posted by loulou69
if you loss the trade, you loss 300 pips ?
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Each trade is a 5% risk.(or whatever you choose in EA properties)
When you use Money Management the EA figures risk based on stoploss number. So a 5% risk with a 75 pip stop, or a 5% risk with a 150 pip stop or even a 5% risk with a 300 pip stop stop is the
same risk in dollar value on your account.
What is the maximum amount of risk you are willing to take per trade? That is the real question you should ask yourself. Put that number in the EA properties and EA will trade based off that ever changing number. As your account grows so does the lot size you trade, if your account takes a hit then EA will adjust downward and keep risk the same.
I always risk 5 % in every trade I ever take. Sometimes in a trade like the early bird my stop will be 30 pips and sometimes in a trade like the daily pivots the stop will be 300 pips but always the risk in percentage on my account is the same.
With all that said yes total risk in pips is 300. (or defined percentage)
I hope that helps, just try and think in term of percentage risked not pips lost.
Risk is figured this way.
You equity multiplied by 5% divided by stoploss= lots to trade.
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