Position sizing

[Michael Causley]

I am very pleased to see this working. However the position sizing seems to be wrong. I have the Money Management Method set to Risk Management (2)
I have the Risk percentage set to 1.0
However the trade size was not set correctly to risk 1% of the account.
What I would like is if I get 2 TP levels that the total risk is 1% however in this case with two TP levels which seemed to be placed correctly the risk was much higher than 1% per trade.
Is the risk set based on the SL level?
Is the risk per trade or per signal?
I have written a number of EAs myself and have a robust Risk setting function for MT4 I can send if you wish.

Thank you.

[Francesco Sartori]

I’m reviving this post up hoping for answers as well.
First of all, as Michael asked I guess that in case of % money management the position size is obtained by calculating the risk on SL level and on how many positions are going to be opened on the same signal.

My problem is different. I set FIXED lot sizing (0.03) but positions are being opened with 0.01 in size.

The last signal, which was made of 3 TPs, generated 3 positions with 0.01 lots each. Is it correct? I don’t think so, I’m pretty sure they should’ve been of 0.03 each.

Thanks in advance,
Francesco

[Veronika Momir]

Hello,

The risk/lot size is calculated per signal. For example, if the signal has 3 TP levels, the lot size is divided by 3.

About the error in risk percent calculation, we’ll bring this to our team and do our best to address this as soon as we can.

We appreciate the feedback.

Telegram.Forex

[Jakub Lares]

Any update?

[Veronika Momir]

Hello Jakub,

Yes, you can download the updated version from our website.

[Author]

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