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Forex Software → Expert Advisor Modifications → Updated Auto lot size modification.
Hello,
I would like to add the ability for the EA to increase lot sizes when a certain amount of equity has been reached.
So if the equity is $1000 or less, I would like the lot size to be .1.
If it is $2000.00 to $1001, I would like it to be .2 lot size.
I am new to this software and I appreciate your help.
R/
How long do you think will take to double your account?
If it is more than a week, you can simply stop your expert on Saturday, increase the lot size and run it again.
Yes thank you.
How would I have my EA open a new position at 2% of the account equity? Maybe I am misunderstanding. Please help!
If your account is $1000, 2% is equal to $20.
Let's say your broker's leverage is 1/30. It means you can open a position of $20 * 30 = $600 (or 508 EUR).
The normal lot size for EURUSD is 100000 EUR, so 508 / 100000 = 0.005. However, the minimum amount you can trade is 0.01 Lot.
It means that 0.01 * 100000 = 1000 EUR, which requires 1000 / 30 = 33.33 EUR leverage. It is 39.33 USD or about 4% of your account.
You need an account of $2000 if you want to open a position of 0.01 lot EURUSD with a required margin of 2% of it.
That makes sense. How would I set the EA to open another position while still having one open?
Forex Software → Expert Advisor Modifications → Updated Auto lot size modification.
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