How to Add Trading Lot Calculation to an Expert Advisor
Greetings, dear fellow traders, we continue our MQL lessons. And the topic of this lesson is managing the size of the trading lot in expert advisors. That is, money management.
One of the main components of success in Forex is the ability to manage your money competently. Even the most effective strategy will not be able to ensure your success without a capital management system; in other words, money management is the foundation of everything.
Money Management is a set of rules and methods thanks to which you will be able to minimize risks and ensure the most profitable trading for yourself in forex and other financial markets. Let us look at how lot calculation is built into forex expert advisors.
Homework
So, after watching this lesson, you will now surely be able to complete the following task:
- Take as a basis the expert advisor that you wrote using the materials from the previous lesson and insert the risk-based lot calculation that we described in this lesson.
I await your results on the forum.
Best regards, Sergey aka xbms
TradeLikeaPro.ru
The topic of this lesson is managing the size of the trading lot in expert advisors.