How to optimally choose the parameters of money management?
To achieve positive results in the fix api trading, each speculator should have a trading strategy. The composition of this trading strategy should include elements that will be responsible for each parameter including the risk/money management. Parameters of money management are the key block in the trading system, on which the future financial result depends.
To pick up descriptive parameters of money management, I advise you to introduce the following parameters into your trade:
? Risk on the whole deposit. You must specify the maximum loss parameter for the entire amount of the deposit. Thus, the threshold of the capital that you do not want to lose and upon which achieving there will be an exit from all positions and a trade suspension.
? Risk in the context of each transaction. You also need to limit the risk in each transaction so you know how much money you can lose in this transaction. This will not only help you to cope emotionally with failure, but also to save capital from other psychological factors (greed, fear, desire to win back and so on).
? I also highly recommend that you determine the transaction amount based on the automatic calculation of the lot volume in the fix api MT4. It is necessary to determine the distance to the SL level from the opening of the position and calculate the maximum lot on the basis of the cost of the point, so that when SL is reached the loss is not more than a specified percentage. This approach is much more effective than installing a fixed lot. https://forexrobotsreview.us/2018/05/23/h-2/