Topic: Max # open lots and lot sizes
I have a couple of Q's.
Please, correct me if I'm wrong.
In the strategy properties, if I check "trade a constant number of lots" and set the max # to say 10.
How FSB deal witht my real account lot sizes?. Ex. if I have a standard account 1 lot is $100,000 so 10 max means 10 lots of $100,000 e/a. Right? What if I have a mini account? Is Max # of lots also reduced to deal with mini lots? or Do I have to manually calculate my max. # of open lots based on my account type?.
Second, If I check "trade a percentage of your account....." , Is the max. num of open lots taken used? or FSB calculate max # open lots based only on the % of my account? If so, the max. # open lots is based in my account type (standard, mini, micro)?
This is what I have in my strategy :
Opening of a new position - 0.1% of the account equity.
Adding to a position - 0.1% of the account equity. Do not open more than 10 lots.
What size are those 10 lots?