Money Management 1% Loss per Trading Day
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Hi everyone,
I am new to fXDreema and want to build money management settings into my Robots. I want to get my account balance before every trade and make sure I haven’t lost more than 1% in any given day if my account balance goes below 1% I want the Robot to stop trading for a day and start again when restarting the Robot the next day. This is what I have come up with so far. Can anyone give me any advice whether this Robot would achieve the above goals. Thanking in advance
Heidi -
You can do it this way: https://fxdreema.com/shared/2Iiy5d95e You may be better to use equity.
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HI jstap,
Thank you so much for all your input. I think you are right I think I want to use Equity instead of account balance it’s nice to have a community like this where questions get answered so quickly. Thank you again have a great week.
Heidi -
You are welcome