TropicalStorm v 2.0 EA Lot Size Recommendation
We are asked about money management or trading lot size for the TropicalStorm v 2.0 Expert Advisor daily. We realize that all of our clients and potential clients have their own theory on allocating lot size, or risk percentage of their broker account. It is imperative for you too understand that this EA trades 6 forex pairs that trade at different times and some pairs can trigger swing trades. Also, most trading stop losses and profit targets are dynamically calculated at the time of trade. We will mask some of our swing trade stops and profit targets to avoid stop hunting.
Our team has been using the same exact lot size approach for the past 5+ years of trading, and it works great for us. This simple approach will give you a sensible suggestion on the kind of trading size to use for the TropicalStorm v 2.0 Expert Advisor.
$2500 US - 1 mini lot
$5000 US - 2 mini lot
$10,000 US - 3 mini lot
$15,000 US - 4 mini lot
$20,000 US - 5 + mini lots
Correct money management is the main ingredient of a well thought out trading plan. Please keep this risk size suggestion in mind. You can use the above suggestions for micro accounts as well for smaller trading accounts. One of the most important rules to follow when trading currencies is correct lot size distribution for all your trades.
Thank you
Jimmy Mack