position sizing based on R (%of risk) when you need it fast

Created at 02 Mar 2021, 21:04
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LE

le.temps.scintille

Joined 02.03.2021

position sizing based on R (%of risk) when you need it fast
02 Mar 2021, 21:04


When I enter an order I set the stop loss technically and always have the same % of risk, and calculate the size based on that.

On the order window in cTrader, when I change % of risk the SL is moved, and I can't have that! I have to manually change the position size and by trial and error get to my number . It takes time, not really too much time but I trade the 1 min., I often don't have that time. On QuickTrade it's not possible at all. I downloaded an algo for position sizing, which works only with a fixed amount of pips for SL, so if I want to tailor the SL I can get hanged.

Suggestions? are there any algos that can do that? it shouldn't be complicated, is there anyone else with the same problem?


@le.temps.scintille
Replies

ClickAlgo
03 Mar 2021, 09:26

Take a look at a few of these risk management tools to see if any help.

 


@ClickAlgo