NNFX Money Management / Risk Strategy
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Hi All,
I thought I would try out NNFX's strategy/advice for money management in an EA. Essentially it is this:- Express current ATR value in pips (ATR X 10,000 = ATR_PIPS)
- ATR_PIPS X 1.5 = Stop Loss pips (SL)
- 2% of current balance = RISK
- RISK / SL = Current PIP VALUE
- Calculate Lot Size to reflect current PIP VALUE so risking only 2% of balance on the trade
I created variables and formulae in the following to cover 1-4 of the above: https://fxdreema.com/shared/wTS8dsTI

My questions are as follows:
- Is this (creating the variables and formulae) the right way to go about achieving this?
- If so, where and how are these formulae placed/linked in the EA?
- How do I convert PIP VALUE to Lot Size and add this to the EA (e.g. another variable and formula?)
- How should the resultant variables be loaded into the Buy / Sell blocks?
Many thanks in advance!