Money Management Method

Method

1. Open Buy and Sell positions anytime
2. Set profit take target and cut loss level
3. if Profit to Loss ratio is set higher, then evertime you win, you win more. everytime you loss you loss less.

Parameters

1. Profit take target
2. Cut Loss Level

Results

Result for Take Profit at $60, Cut Loss at $30. Profit to Lost ratio set at 2:1

A more Balance approach, Both Profit and Loss ratio set at 1:1 ( result )

It may look the same but actually an important difference. Profit:Lost ratio @ 2:1 lose out faster than 1:1

Reason

Profit Lost ratio works together with WIN:LOSE ratio. Setting Profit Lost ratio at 2:1 does not mean WIN:LOSE stays at 50%. As a matter of fact when you set Profit Target to twice the amount of Lost level, it becomes so much harder to achieve. As a result your WIN:LOSE ratio become much lower than 1:2, in other words you will lose out your capital FASTER!

Codes

for(i=oti ; i>=0 ; i--){

if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false) break;

if(OrderMagicNumber()!=MAGICMA || OrderSymbol()!=Symbol()) continue;

p = OrderProfit();

if((p < -cutLossMargin) || (p > minMargin)){

mtClose();

Print("===============>", p);

}

if(OrderType()==OP_BUY) buyOrders++ ;

if(OrderType()==OP_SELL) sellOrders++;

}

if(buyOrders==0) mtOpenBuy();

if(sellOrders==0) mtOpenSell();