I understand that when market makers trade they often scale in to get the position correct.
I have been told they risk between 1 and 2% per trade. They scale these trades in 3 portions. First trade is .03% second trade is .06% and final scale in is 1.2%...
My problem is, I want an excel calculation to make this easy to calculate the buy or sell limits, and where exactly will the hard stop loss be , so that the total possible loss would be 2%....if this could be made into an EA then even better.
Does this post make sense, or does it need more explanation?
Cheers
I have been told they risk between 1 and 2% per trade. They scale these trades in 3 portions. First trade is .03% second trade is .06% and final scale in is 1.2%...
My problem is, I want an excel calculation to make this easy to calculate the buy or sell limits, and where exactly will the hard stop loss be , so that the total possible loss would be 2%....if this could be made into an EA then even better.
Does this post make sense, or does it need more explanation?
Cheers