what’s the difference between risk fixed% of account, of balance?
IN QA 4.10.1 , there are 3 risk fixed MM
risk fixed amount
risk fixed % of balance
risk fixed % of account
I think “risk fixed % of account” is like “risk fixed % of account”, but there is a SL in QA.
So, what’s the difference between the last two MMs?
Read the manual, part 5.2.5, it´s explained there.
Thanks for your advice. But SQ’s MM is different with QA’s.
SQ’s “risk fixed % of account” doesn’t have “stoploss in pips”.
QA’s “risk fixed % balance” is like SQ’s “risk fixed % of account”.
There are java code in QA, but I am not a coder 🙂
risk fixed % balance simply calculates position size for next trade as a percentage of equity
while risk fixed % of account also takes trade stop-loss size into account (size = max (%) risk / SL) so it is more conservative
yes, exactly – Risk fixed % balance doesn’t consider Stop Loss of an order, it computes the trade size based only on the equity size.
So it can be used to compute MM when you don’t use SL or you use trailing/variable SL which you don’t know beforehand. It is more conservative, and grows as your account grows, but it is not related to an order SL.
Risk fixed % of account takes order SL into consideration, so it is able to compute “exact” position size so that you theoretically shouldn’t lose more than the defined % of equity when trade hits SL – if we abstract from gaps, slippages, etc.
Thank you all, tomas and Mark.
It’s clear now.
where to get stoploss pips when using risked fixed % ?
SQ strategy already has stop loss
used SL will lead to a different position? – lower SL = bigger position
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