I have not tested this indicator at all -- all i have done is give it the ability to appear in a separate window and added a couple of extra lines of info plus a few text adjustments so i cannot comment on how it works on interbank.

cja

I have been trying to figure out a good mm method the involves working back from a global maximum risk over a predefined period of time and then working it back to the lot size and the maximum risk per day per position. attached is the excel sheet i am working on please have a play.

Any input be it would be great, be it good, bad or ugly.


cheers beno

Attached Files

DD MM.zip (2.5 KB, 108 views)

I have attached an MM system I am working on to look at it seems very busy and it is.
I am of the opinion that there is a difference between an mm system in and ea and mm for a manual system and that’s us.
Most of the mm systems I have seen and tried all have one thing in common only risk a maximum of X% of your balance per position
and set a stop X pips from open
But what if you are trading multiple pairs and multiple positions how does that affect what you have risked and your potential drawdown if it all goes bad.
This is why I have gone with setting a max drawdown percentage and then set the position size as a percentage of the Max DD figure.
The DD Figure is then divided between the number of pairs you have selected to trade to give you your maximum loss per pair from this depending on
account type you can see how many positions per pair you are able to open and where the stops will be.

I have also used a base target which is the target for your balance to hit once hit all calculations should be taken off that this.
So the difference between the two is protected profit and not risked and able to be withdrawn.

I have tried to create a system for an automated style of trading so it has to have a positive win percentage. Hence putting in a system accuracy
filter this should be calculated on a pair by pair basis in order to help filter out poor performing pairs.

Please have a look and let me know what you think be for i get it coded



Cheers


Beno

Attached Files

Copy of DD MM.zip (5.4 KB, 99 views)

What are your favorite, incl. money management, features for EA's?

I have been messing around with excel and created a basic spread sheet that works out how much you should risk per day based on you max DD of your balance and where your stop should be in relation to your lot size.

It's quite rough but have a look and let me know what you think.


Cheers


Beno

Attached Files

Shortcut to Risk per number of trading days.xls.zip (2.5 KB, 72 views)

Hi Coders

where I can find some examples to built in my EA.
Some scripts for MoneyManagement and RiskManagement there i can use for an exist EA and integrate.

Thanks

Look at this thread Automated increasing of lots in EA
And this one http://www.forex-tsd.com/expert-advi...ease-help.html (i used one of MM library file with MACD Sample EA).

And this thread Templates to create EAs and Indicators

Thank you very much newdigital

i will try to integrate in MultipositionEA

Thanks once again

I found MTP ver. 2.4
What you think?

Attached Files

MTPv2-4.mq4 (5.9 KB, 107 views)

Hi,

Is there a calculator/EA available that will automatically adjust my lot size or tell me what my lot size should be if i dictate the %risk I'm willing to take. e.g my balance is $500, the price is x and my stop loss is y and I wish to risk 1% ...it calcultes my lot size?

Thx,
Toricaht