Code For Basic Money Management System

July 21st, 2020, 06:50 AM

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

July 22nd, 2020, 01:56 PM

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

Code For Basic Money Management System

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Code For Basic Money Management System