Hi all,

I'm in that frustrating place of being an experienced trader yet don't know how to code but trying my best and made some progress.

However, there's a pretty simple money management rule i'd like to code. Please could someone help me out?

Basically i already have a money management rule based on whether the last series of trades are winners or losers. Basically going from 1 lot to 2 lot.

However, i'd like to code a rule that says for every additional 5k the system makes the minimum size is increased by a 1 lot. So instead of trading either a 1 or 2 lot with sub 5k account once your profits take you above 10k it would be a 2 or 4 lot and so on.

If it helps I have already defined these variables regarding to the normal size

 

Code

private int OrderQuantity = 1; private int OrderQuantityMultiplier1 = 2

Many thanks.

Tom

Hi Tom,

If I'm reading what you wrote correctly, it seems you just need to take your account size and divide it by 5000 to determine your lot size.

Example:

Current account size: $5000
Position quantity calc: current account size / 5000 --> $5000/5000 = 1 contract

If your account size increases to $12,500, then the below calculation would occur:


Current account size: $12,500
Position quantity calc: current account size / 5000 --> $12,500/5000 = 2.5 contracts (include a rounding function here to either round up or down per your preference)

If instead you want to trade 2 contracts for every $5000 in account equity, then just divide by 2500 instead, so a $5k account will trade 2, etc.

Does that help?

Fiddich