Skip to content

Community – Community

Community Forums › Forums › 21 Day Program › 21 Day Program: Experience and results › Reply To: 21 Day Program: Experience and results

Chris Landry

I think I figured it out.. so these bots have pre determined MAX STOP LOSSES in PIPS so we can calculate our lot size based on how much we want to risk in $ per trade using a standard lot size calculator / risk calculator.

So if I was trading this live, and I wanted to risk a maximum of $25 per trade .. my lot size would be .03 lots (based on a standard position size calculator) . the 100 pips for stop loss I am assuming this is a hard stop loss amount… So I could calculate this for each EA and have it so all my trades max loss would be $25.

 

\"\"

Learn the method behind the answers.

The Academy’s free courses take you from a demo account to your first Expert Advisor, taught by the traders who answer here.