Money Management in MT4 vs SQ settings

Everyone and anyone,

I’m just trying to clarify the settings when I upload an EA into MT4.

If I want to use Fixed Amount Risk in Dollars;
Do I need to have “UseMoneyManagement” set to true AND “RiskInPercent” set to Zero AND “UseFixedMoney” set to say $40 – As per Image below.

I find this confusing as both Fixed Amount and  Risk Fixed % of account have the common settings that come under “UseMoneyManagement”.

Clarification of settings for the three groups of settings 1)Fixed lots, 2)Fixed amount and 3)Fixed Risk % would be appreciated.

Regards,

Hello,

UseFixedMoney is not dependent on UseMoneyManagement

1. Fixed lots mean a single value always for example 0.1
2. Fixed amount means you are limit bet size expressed in money (some people are not comfortable with % risk)
3. Fixed % is the aggressive allows full potential of compounding

Thanks,

Though perhaps my question has been misunderstood.

i understand that part, what I’m trying to get at is on MT4 settings.

For a bot to use fixed risk of say $40, could I see a screen shot of the MT4 EA inputs screen.

for a bot to use fixed % of say 2%, could I see a screenshot of the MT4 EA inputs screen.

and one also for a fixed lot size, say 0.5.

im confused with how to set the settings.

you want to trade fixed lots – UseMoneyManagement – false, UseFixedMoney – false, Lots – XXX

you want to trade fixed money – UseMoneyManagement – true, UseFixedMoney – true, RiskInMoney – XXX

you want to trade fixed% – UseMoneyManagement – true, UseFixedMoney – false, RiskInPercent – XXX

thats it 🙂

Thanks Hankeys,

Pretty self explanatory, I appreciate the clarification though…I like to sweat the small things =P