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Money Management Tool

techboy

Member
Here's a free very powerful money management tool that can help in your trading, it will auto calculate on the lot size of your next trade. Click link to download!

 

worldBh

New member
Here's a free very powerful money management tool that can help in your trading, it will auto calculate on the lot size of your next trade. Click link to download!

Thanks techboy for the post but i am more comfortable with risking a fixed %
of my account and this is calculated using the stop loss for each trade:

for example,
assume i risk 2% of my account on each trade,

Lot size == (2% * equity) / (stop loss * pip value)

this way, i risk only a fixed % of my account on every trade.
 

128break

New member
FYI

heres something i found out today...it may have been common knowledge, i dont know, perhaps im way behind you guys.
ddsmm was 'stolen'
i had a long chat with the master money bot creator this morning, i asked if he knew ddsmm, because his was similar 'dont start me on that' he said hehehe, turns out mike swanson stole the idea, changed a thing or two and started selling it for $2000...shocking.

Well, dave is such a nice guy, dont take my word for it, put master money bot in forex factory and see what others have said about him way back last year.

and...........im not an affiliate so i wont give you a link, but if you want exactly the same as ddsmm then google master money bot or master trade panel.
If you get the MTP you get the MMB with it, plus lots of other goodies., and all for a tenth of the price.

In fact, go to daves live chat box, ask him yourself

and to think, i thought mike swanson was a genius.....how far wrong was i
 

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