Could you please add an option in the next update to set the risk based on a given percentage of the balance? e.g. I would like to risk 0.25% per trade instead of a fixed lot because that allows me to better control the risk without guessing the largest possible stop loss distance.
The same would be useful for SFE EURUSD.
Is it possible to predict the max risk for a single pair? e.g. there is a hugh trend detected for EURAUD and trades are opened on M5, M15 and M30. How many trades max. could be open at the same time (which are not already secured with SL in profit)? From the history it looks like 6 (2 on each TF) but I'm not sure.
Hi Nok,
thank for your message, has interested me a lot.
At this moment, my EAs are a group of different strategies, pairs, timeframes inside an EA, and each trade only take care of himself. In this simple way, the EA can have a great diversification if we compare to EAs that bets all in a single trade or in a single bet, accumulating trades of the same pair and direction.
But there isn't a kind of global management and also there isn't a limited risk of each trade in %. I use the merged inidividual backtest to have an idea of a realistic DD we can get, and in relation to this, I decide the size of the trades for an admisible DD for 'normal' risk, which moves in my mind between 20-30%.
But your message has refreshed the need to try to see if some kind of global manage con improve the EA, or if not improve, at least can give the opportunity of control the risk in a punctual moment in a more accurate way.
And the reflexion about relate the size of the trade with the risk of the trade is an interesting idea and I will study as well.
I will try to advance in the money management / risk aspects in future versions of my EAs. I will keep the forum informed of the advances of my work on this, and any idea is welcome.