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Understanding the Money Management Settings
Understanding the Money Management Settings
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Written by help
Updated over a week ago

There are four types of Money Management available:

1. Fixed Lot: Set a specific fixed lot size for each trade.

2. Percentage Lot: Define the lot size based on a percentage of your account equity.

3. Lot per 1000: Set the lot size per 1000 units of the base currency.

4. Percentage of Equity: Determine the lot size based on a percentage of your account equity.

For each Money Management option, you need to enter the corresponding value in the provided input field.

Additionally, if a signal includes multiple take profit levels (TPs), the EA will open multiple orders. Each order will have a distinct TP value, while the stop loss (SL) remains the same. The EA supports up to 5 TPs. The volume of each TP is calculated using the following rule: Total_Lot (calculated in the first part) * TPi_percentage %.

For example, if you have set the Money Management Type to Percentage Lot and specified a risk of 2%, and you receive an order on EURUSD with a SL, the calculation may result in a volume of 0.12. If the order has 3 TPs with different percentage values, such as TP1_percentage = 50%, TP2_percentage = 0%, and TP3_percentage = 50%, the EA will open 2 orders with volumes of 0.06 each (one with TP1 and the other with TP3). If there are no TP4 and TP5 specified, no additional orders will be opened.

In addition, you have the flexibility to trade different symbols with different volumes. For example, you can set a general volume of 0.1 for all symbols, but exclude certain symbols or assign specific volumes for individual symbols. In the given example, the user wants to trade all symbols with a volume of 0.1, except GBPUSD and GBPJPY, which should not be traded. Additionally, XAUUSD should be traded with a volume of 0.2 and GBPNZD with a volume of 0.05. The settings corresponding to this example can be configured accordingly.

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