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Trade Trends with Bollonger Bands and Twiggs Money Flow

Calculating Position size on gold, silver and wti

Chart Forum » Gold & Precious Metals » Calculating Position size on gold, silver and wti

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tom82
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Username: tom82

Post Number: 1
Registered: 01-2013

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Thursday, January 24, 2013 - 07:49 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



How do we work out position sizing with XAUUSD, XAGUSD and WTI?
I like to use a fixed dollar amount for my risk.
What I do to work out my position sizing when I trade fx pairs is:

Say I wanted to risk $50 on a trade and my stop loss distance is 72pips, I would:
Risk amount / Stop Loss number of pips
50/72=0.69

I don't practice the % risk model, only the fixed dollar amount risk ie I know how much I am going to risk on a trade and I know the number of pips before entering as well.
However I could use a formula for position size that includes % risk as I will also know the % of my account that I will be risking on the trade by (risk * 100) / total capital in account.

Any help will be appreciated, thanks.

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