Quote:
Originally Posted by pavement
Hi shrung,
what lotsizes do you recommend. On RAS page you are writing 0.1 lots per $1000.
Is this not much to lot? You have currently a drawdown of 670 $ on a $1000 acount, o.k. you have nearly doubled the account, but is the risk not to high? Wouldn't it be better to trade 0.01 lots per $1000?
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Hi pavement,
Thank you for this interresting point
The strategy is on a intra day and daily basis so the drawdown is a normal thing to see.
This is what I wrote on money management suggestion
[quote]
For account < $1000 : buyers_lots_multiplier:0.10=>Lots size:0.01
For account $1000-$10000 : buyers_lots_multiplier : 1-10 => Lots size : 0.10 - 1.00
For account > $10000 : buyers_lots_multiplier>10 =>Lots size>1.00
[quote]
So for $1000 or less make your lots size 0.01, I will change my money management suggestion to the following :
[quote]
For account < $3000 : buyers_lots_multiplier<0.30=>Lots size<0.03
For account $3000-$10000 : buyers_lots_multiplier : 1-10 => Lots size : 0.10 - 1.00
For account > $10000 : buyers_lots_multiplier>10 =>Lots size>1.00
[quote]