Neptune - %Risk of Balance/Equity option (instead of Lots)

jiggy599

I was wondering if it was possible that instead of positions sizing being defined by lots, they could be somehow defined by % Account Equity. I am not sure if this is possible as i am unsure how the bot defines a stop when placing trades. Its just that if i set my Buy/Sell lots to say 0.05 on a £1000 account and somehow i get a drawdown of 50% (not that i would let it get that far),.. by still buying and selling 0.05 lots i am essentially risking twice as much. The same goes for if i am in profit, .. if my equity is £2000 then i might want to be risking 0.1. Of course this can be managed by regularly reviewing my balance and retuning the bot parameters etc,.. but that wouldn't help when optimising. Surely something like this would minimise losses as your trade risk diminishes when in drawdown and then would maximise when in profit. Just a suggestion

Mike

Hi, Jiggy,

It would be possible to add a feature where the trader sets the % of balance they wish to risk, but for this feature to work they would need to use a stop loss, you can see this being used with our standard risk & reward tool.

TheOutcast

it would be great if you could make sure to allocate a percentage of the capital for each stop loss, so as not to risk more than you should for each trade, but above all to have an incremental profit based on the capital assigned to the strategy

the only problem could occur in strategies that include a grid, but the percentage could be allocated only to the first operation, and then let the exponential lot decide the next entry while maintaining the same stop loss as the first trade