03-06-2008, 09:24 AM
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Senior Member
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Join Date: Feb 2008
Posts: 293
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Quote:
Originally Posted by Sweet Pip
In demo, with a $1K startup, I'm using 100:1, risking 2% and using 0.1 lots, increasing lots by .1 as the balance increases by 1K. So each pip is worth $1 x .lots, so at 2K balance and 0.2 lots each pip=$2, 3K balance and 0.3 lots = $3, etc.
Babypips didn't cover that scenario so wonder if anyone has thoughts on this setup.
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which trading system you are using? |