Fixed risk
The fixed risk money manager will calculate the order’s lot size based on the amount of money you want to risk per order. The money manager will only be able to do this if the Stop loss is known at the moment the order is opened. If the Stop loss is not known, it will fallback to the ‘Fallback lot size’ value.
Settings
- Risk amount type: Choose if you want to enter an amount of risk in Money, or a percentage of your Balance.
- Amount value: If you have chosen Money as the Risk amount type and you enter ‘100’ as an Amount value, then you risk 100 base currency (Dollar/ Euro/ etc.) per trade maximum(). If you have chosen ‘Balance’ and enter ‘2’ as an Amount value, then you risk 2% of your balance per trade. So in this case, if you have an account balance of $1.000.-, then you risk $20 per trade maximum().
- Fallback lot size: Lot size when there is no SL known at the moment the order is opened.
(*) Excluding commissions and swaps. The maximum may be overshot due to volatility also.