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anyone know if there's any method to set a fixed percent of risk* trades ?
For example, i would like that my TS risks always the 1% of Balance per Stoploss (calculated on ATR).
I found it not so easy to do, because SetStopLoss is a cash value and give to me some problem.
Thank you for any answer !
Best Regards
No Erocla
Can you help answer these questions from other members on NexusFi?
what is the code you have so far that is giving your problems?
Two ideas on how you can go over it:
- Use 1% of the broker account balance as the dollar value for stop loss. This will only make sense when you are trading realtime and are connected to a brokerage account.
- For backtesting or forward testing where you are not connected to the brokerage account set a starting balance via an input in your strategy and add the NetProfit. This will give you the changing balance. Use 1% of this value for the dollar stop amount.
at a glance it looks okay. From the code you compute the dollars to risk and use this to size the position. Although the reserved words starting with "i_" are meant to be used in indicators to receive information from signals, but you can probably use them in signals without problems. To make sure you can change the code to this and test it:
On a separate matter your lot size will probably come out as a fractional value, so you might want to consider rounding it down to the lowest full lot size (use Floor for this).
