Automated Position Sizing as a % of Account Balance

• 04/11/2022 at 12:11 PM #191572
  justadude

  Hi everyone,

  Is there a way to automatically grow your position size as your account grows. For example, if I want to make a bet that is 1/1000th of my account balance? So, if I win a bunch of trades, the position size will increase as the account balance increases.

  Thanks.

  

  justadude

  Participant

  Topics: 6

  Replies: 4

  Been thanked: 0 times
  04/11/2022 at 2:29 PM #191584
  robertogozzi

  Searching for Lot managent, Position Sizink, Risk Management etc… will return plenty of info on how to accomplish that.

  Here are some:

  https://www.prorealcode.com/topic/calculating-working-capital-for-money-management/

  https://www.prorealcode.com/topic/money-management-how-to-get-the-available-capital-from-the-broker/

  https://www.prorealcode.com/blog/learning/money-management-prorealtime-code/

  https://www.prorealcode.com/topic/when-to-stop-a-strategy-and-money-management-code-snippet/

  https://www.prorealcode.com/topic/risk-and-money-management-errors/page/2/

  https://www.prorealcode.com/topic/small-code-for-money-management-trade-based-on-money-not-lots/

  https://www.prorealcode.com/topic/money-management-type-automated-switching/

  https://www.prorealcode.com/topic/position-sizing-function-not-working-properly/

  An useful library with hundreds of references to this forum can also be found at https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0.

   

   

   

  1 user thanked author for this post.

  justadude

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17891

  Been thanked: 4506 times
• Author
  Posts