RISK FIXED AMOUNT OF MONEY - Not using fix amount of money.

[Starb]

Can anyone help me?
If i set the Risk fixed amount of money to say £50 after i run a test of the EA in meta4 I see that the Risk amount sometimes hits peaks of £250 and lows of £30.

This makes it near impossible to use a fixed cash amount to risk.

I currently have my BUY block set to risk £50 per trade and the TP to be 500% of the SL. Making it a 1:5 RR.
However my winnning trades seem to be correct but my losing trades vary in size by quite a margin.

If this were to say ''Risk £50 and i see £45'' then that would be correct due to the lot size needed may not perfectly aline with £50. However seeing -£250 on some trades is not how its supposed to work as there are multiple lot sizes it couldve chosen to achieve a closer risk amount to the amount i desired.

If anyone could help me with this issue that would be great. Thanks in advance.

[jstap]

Not exactly sure how you are getting to risking a set amount, as the inbuilt options work from amount in account which is constantly changing, what you could do is set your lot size so each pip on a specific asset is the same, you could also add balance to max amount to loose and when equity reaches this all trades are closed.

[Starb]

Thanks for the reply, I'm an idiot so I'm going to put what I'm after in simple terms.

I am entering with the stop loss at the low of the last candle (buy) and high of the candle when a sell.

I am trying to use the ''Risk a fixed amount of money'' to make sure I only risk, say, £50 per trade.

However, after running the EA on meta4 the results are showing risks of up to £250 and lows of £20.

As you can imagine, it's nearly impossible to use my risk management with the risk per trade changing so often.

I have a feeling it's something simple but I'm just not seeing it.

Again, really appreciate your reply.

[jstap]

@starb I have never used the use fixed amount so I didn't realise it was there, I would think it does exactly as depicted, I assume it selects lot size depending on money at risk. If you post the link then what is going can be assessed.

[l'andorrà]

@jstap Exactly. Lot size is determined by the combination of SL distance and the amount of money to achieve.