Money Management Question
6 replies
Steven
5 years ago #236733
I am new to this forum and would like to purchase the EA Wizard. However, I have a question on money management. Is it possible for this system to be programmed so as it purchases successive units anytime a signal is given?
For example, I want the EA to purchase 1 unit and then if that unit is profitable upon exit, then I want it to purchase 2 units upon the next signal. If those 2 units are profitable upon exit, then I want it to purchase 3 units at the next signal.
If at any time, those units take a loss, then I want the EA to reset back to 1 unit upon the next trade signal. Thanks again. I apologize if this has been answered in another forum.
tomas262
5 years ago #236937
Hello,
yes, it is possible to build rules to define own money-management. You can check the example attached on how to build such system
jimfaber
4 years ago #248369
Hi Tomas,
Would it be possible to adjust risk size based on win or loss sequence? How would this be coded in EA wizzard? T
I.e. start trade 1> 2% win
start trade 2: 3% risk and result win (size increased with 1 %)
Trade 3: size increased with 1%to 4% but this time result is loss
Trade 4 we start again at 2 % risk
Sabino
3 years ago #261681
Hi Tomas,
it is very important for me to be able to define a custom MM method.
Regarding the GUI side …. how do I define the custom GUI by entering specific parameters in SQX, necessary for the invocation of my custom MM method ?
Or, where can I find videos (or generic material) about the custom extension of the graphical interface ?
Thank you for all, Sabino
tomas262
3 years ago #261705
Sabino
3 years ago #261725
GUI means “Graphic User Interface” ….
If I define a new MM calculation method, I would also like to enter the specific parameters in the graphical interface
Cordiality
tomas262
3 years ago #261728
Ok, as for the parameters inputs you can add those using custom code. See the screenshot attached
More on adding custom codes into SQX can be found here https://strategyquant.com/codebase
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