How many lots do you trade? - Page 2
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  1. #11
    Join Date
    Jul 2013
    Posts
    15
    I think lot sizes depend on account size, account type and the system

    In micro account - 1 lot means trading with $200 and 1% risk and 20 pip stop loss in micro account
    In mini account - 1 lot means trading with $20 loss if use 20 pip stop loss

  2. #12
    Join Date
    Jul 2013
    Posts
    160
    I totally depends on your account size and trading system. Scalpers who are holding a position less than 1 second can open a larger amount of lots than long term traders. My average lot size is 1 - 2 lots.

  3. #13
    Quote Originally Posted by GRIX FX View Post
    From an experienced trader's view,
    Depends on the current risk exposure.
    Max risk at any time: 2%
    Reasonable SL: 100 pips for a H4 trader; 60 pips for a H1 trader and so on....
    For a 60K account, 2%= 1200
    For Standard lots pip value= 10; so we make sure that regardless of the number of trades, the maximum lot
    size for all trades should have a max exposure of 1200.
    So an example of this:
    Trade 1: 0.5 lot; SL= 100pips; exposure= 500
    Trade 2: 0.7 lot; SL= 100 pips; exposure= 700
    Once the SL is moved to BE for any of the trades, then a new equivalent lot size can be opened.
    If the winning trades has 100 pips already locked in, then a newer lot of equivalent size can be opened.
    The rest is quite complicated.
    Bottom line: We have maintained the 2%, calculated lot sizes according to the exposure and the rest is up to the trading team.
    is it hard stop? how you determine your SL? is it based on Daily ATR?

  4. #14
    Join Date
    Aug 2013
    Location
    579 Melrose Street Oakland
    Posts
    50
    You can trade as much as you want if you have these funds in your account. It is this that my broker explained previously. If you have the finances, trade as large as you desire.

  5. #15
    Join Date
    Dec 2012
    Posts
    163
    Quote Originally Posted by GRIX FX View Post
    From an experienced trader's view,
    Depends on the current risk exposure.
    Max risk at any time: 2%
    Reasonable SL: 100 pips for a H4 trader; 60 pips for a H1 trader and so on....
    For a 60K account, 2%= 1200
    For Standard lots pip value= 10; so we make sure that regardless of the number of trades, the maximum lot
    size for all trades should have a max exposure of 1200.
    So an example of this:
    Trade 1: 0.5 lot; SL= 100pips; exposure= 500
    Trade 2: 0.7 lot; SL= 100 pips; exposure= 700
    Once the SL is moved to BE for any of the trades, then a new equivalent lot size can be opened.
    If the winning trades has 100 pips already locked in, then a newer lot of equivalent size can be opened.
    The rest is quite complicated.
    Bottom line: We have maintained the 2%, calculated lot sizes according to the exposure and the rest is up to the trading team.
    1+ Grix, Agree with you.

  6. #16
    Join Date
    Jul 2013
    Posts
    7
    Ditto. Agree with Grix.

  7. #17
    Join Date
    Sep 2014
    Location
    Just over there
    Posts
    14
    Grix has a great example there.
    My risk per trade is 0.25%, and 2% exposed in the market at any one time, but that's very rare
    Lot size calculated by the SL I am using on the trade type

  8. #18
    Join Date
    Nov 2013
    Posts
    152
    it depends on your balance and you risky. how much you can lose. you can know about it clearly

  9. #19
    Join Date
    Feb 2014
    Posts
    2
    you have to figure in pip cost when deciding how many lots and do you mean you are trading one standard lot? To my knowledge thats 100k , I'm thinking you are trading one mini. the more you trade the more it will cost you. I go by the max. of 5% of my acct. in any one trade (not 5% each on a number of trades) you can get the pip cost from the Simple Dealing Rates schedule when you are placing a trade. For instance, for a one lot trade and a 100 pip stop loss it can could cost $1.10 per pip equalling a total loss of $110.00. Hope that helped. Good luck trading

  10. #20
    Join Date
    Apr 2014
    Posts
    542
    You have to be more especific when you say one lot, because normally when trader say 1 lot, they reffer to one standard lot, which is 100,000 units. Then you have mini lots, micro lots and nano lots. So, I guess what you mean is a mini lot of 10,000 units.

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