% of account
-
I have been searching but I cant find the answer
I want the BUY or SELL to calculate X% of my account.
For example risk is set to 5%
the pips between BUY and SL is 100 pips and the trade will open with a auto calcualted lot
so if the trade was to hit the SL - I would only lose 5% of my account
hope this makes sense
I tried Risk % of Balance (Volume size depending on Stop-Loss) and it doesnt seem to be correct
TIA
-
is this not possible then?
something like this:
http://www.myfxbook.com/forex-calculators/position-size