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money management - weekly spreadsheet
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Risk management
I have attached a spreadsheet which i am working on to help me calculate and understand risk management you input your capital, risk exposure of your capital, your trades estimated pip profit and stop loss which you have worked out with support and resistance lines. then it works out your trades affordable loss using your risk exposure. The ratio of the trade you are about to place and whether it is a good or bad trade using your estimated stop loss and estimated trade profit. It then tells you what lot size to use when placing the trade so when your stop loss is hit it only uses what ever amount of risk exposure you selected.
Please can you let me know what other things i can add to this to help me manage my risk and let me know if i am going in the right direction. If you could please maybe post your risk management system for me to have a look at it would be great. Thanks. Last edited by Faultyboy; 09-16-2007 at 02:52 PM. |
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