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Wednesday, March 11, 2009

External Variable

I am so sorry to forget to explain about money management rule.
extern bool MM = true;
Set this value to FALSE if You don't want to use money management.
extern int Risk = 50;
The value in percentage of current margin.
The important point here that Your Risk will be divided by variabel MaxTradePerPosition. For example if MaxTradePerPosition are 4, then it's mean each trade will risk about 12.5 percent. Therefore reducing MaxTradePerPosition will not reduce your risk. But increasing MaxTradePerPosition will reduce Your Risk.
extern double Lots = 0.1;
This is the lot size if You don't use money management.
extern int Slippage = 3;
Remember that You have to match your brokers quotation. If they use fractional pip, You should use 30, not 3.
extern int StopLoss = 60;
This is the stop loss that we use in pip. But this value not depend on your broker quotation.

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Risk Warning

Please note that Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.