# Money management

When opening a position you're taking a risk of losing money. The amount of risk you take is based on three factors: how well the EA chooses its' opening price, the maximum amount of draw-down and the position size (volume) in lots. Our money management (MM) modules manage volume.

## Fixed lot size

The fixed volume MM has a single setting for setting the amount of lots per trade.

## Linear lot size

The MM will adjust the lot size based on the available balance or equity. A setting of 10% will create a lot size of 0.1 lot on a 10k Account. 20% will create a lot size of 0.2 lot on a 10k account, etc.

## Martingale

The Martingale MM will multiply the lot size by a configurable value after taking a loss. The lot size can multiply multiple times when multiple losses were taken in a row. This strategy is only useful for strategies with a high probability of winning a trade. Significant risk is taken when using this module on unsuitable strategies.

Settings
• Equity percentage: The MM will adjust the lot size based on the available balance or equity. A setting of 10% will create a lot size of 0.1 on a 10k Account. 20% will create a lot size of 0.2 on a 10k account, etc.
• Number of closed orders taken into consideration: when entering 1, only the last order is evaluated.
• Percentage lost: the percentage of orders (based on the "Number of closed orders taken into consideration" setting) that resulted in a loss.
• Multiplier: the amount the previous order volume is multiplied by. When entering 2 it will double the volume after a losing trade.
• Max number of steps: the number of times the order's volume can be multiplied. When no more orders are opened before the maximum number of steps is reached, it's highly likely the broker prevents you from opening a new (larger) order/ position.
• Multiply by raw lotsize: when this setting is enabled the Multiplier will be applied before lotsize rounding. An example: without this option a lotsize of 0.0003 is first rounded to the minimum lotsize, for example 0.01. After the lotsize is rounded, the multiplier could (for example when the value of the Multiplier is 2) set the new lotsize to 0.02. When enabling this setting, in our example 0.0003 will first be multiplied (times 2) to 0.0006 and finally be rounded to 0.01.

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