What lotsize would you choose...

Hi all,

Imagine you would like to make 1% profit over $1000.

You can just choose between 0.01 and 0.10
lotsizes, which size would you choose and explain
your motivation The trading span doesnt matter,
overnight costs also not.

EURUSD (0.7758)
1% of 1000.00 = 10.00

0.01 lot = 1289 pips
0.02 lot = 644 pips
0.03 lot = 430 pips
0.04 lot = 322 pips
0.05 lot = 258 pips
0.06 lot = 215 pips
0.07 lot = 184 pips
0.08 lot = 161 pips
0.09 lot = 143 pips
0.10 lot = 129 pips

Quote:

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Originally Posted by ;

Hallo Mars, I think you're about matters incorrectly. You are focusing on the profit side at the same time you need to respond first the risk side or losing side. Forex is a number game, your egy will give you an edge over longer duration (more transactions). So you need to concentrate on controlling your risk! Decide for yourself what your risk desire is, what exactly are you prepared to risk per trade, what percent Then if your egy will supply you with a signal, determine you how big your sl (in pips) ought to be, for instance 45 pips. Then calculate you place dimensions...

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I exchange mostly 1:1 so 10 profit or 10 loss in this case when the installation looks good.How long do you exchange Dutch?

Quote:

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Originally Posted by ;

quote I trade largely 1:1 so 10 profit or 10 loss in this case once the setup looks great.

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So you aren't trading, sounds more of gambling to me using a R :R of 1:1.
My minimal requirements for a transaction are 1:3. If don't see chance to have that, the set up will probably be disqualified by my own rules!

1 Attachment(s) If I'd gamble I could open and close trades anytime. I wait until I see a good setup and prefer little trades.
My winrate over 3500 transactions is 78%. Im just looking for a new item.

On the pic you can view my Sept stats, lets see where it'll take me
https://www.nigeriaforextrading.com/...g-journal.html

Your cash management methods would be the once that will dictate exactly what lot size you should use.not some guesswork or anyone's opinion

Hallo Mars,

I believe you're relating matters incorrectly. You are concentrating on the profit side while you need to respond the risk side or losing side.
Forex is a game, your egy would give you an advantage over longer duration (more transactions). So you need to concentrate on controlling your risk!

Decide for yourself what your own risk appetite is, what exactly are you prepared to risk per trade, what percent
Then if your egy will provide you a signal, determine you how large your own sl (in pips) should be, for instance 45 pips.
Then calculate you position size or lot size based on that 45 pips.

If you're convinced that the pair can move on your anticipated direction with adequate R :R, than you're pulling the trigger or put the trade pending on your trade channel.

If you have further questions, do not be afraid to ask.