Topic: Another Money Management request
First of all I would like to say thanks for such a great piece of software.
One thing i would like to see implemented that has already been suggested is a simple money management system added to the account.
The current way of counting pips can be a little misleading for spotting a wining system.
If you end up with positive pips and say half the drawdown it still doesnt mean it will be a winner.
Something simple like inputing a starting balance then an option for what percentage of your account you want to place on each trade and what percentage you want to accept for stop losses.
Say you input $10,000
You lose $5000 which is 50% of your account you have to make back 100% of your account just to break even. In your system, if you lose 50 pips you only have to make back 50 pips to break even whereas in reality you would have to make back 100 pips because the pips will be worth less on a smaller account.
So again, if you input $10,000
Bet 100% of account or net asset value on each open.
Stop loss at 2% of account.
Then add or subtract the winnings taking leverage into account then we can see if our system really works.
Even better, if you create a plugin interface then we can develop our own additions then upload them to your site and you can choose whether to include them in official releases in the future or not and watch this program really take off
Again, thanks for a great little piece of software.