Q: How much risk should I take using
fap turbo?
Is there a formula for money mangement?
A: The formula for fixed lot,
Low risk : initial deposit > 780 pips of total lots trade
Medium risk : initial deposit > 400 pips
High risk : Initial Deposit > 300 pips
The lot number can be increased gradually once the account increase, but stick to one of the formula as above.
The formula for auto lot management,
Low risk : LRR=1; max order= 1 or 2;
Medium risk:
1. LRR = 1; max order = 3 to 5
2. LRR = 2; max order = 1 to 3
3. LRR = 3; max order = 1 to 2
High Risk: LRR = 3 ; max order = 3 to 5
Suggest not to put LRR more than 3%, which is very volatile and will easily blow out the account.
(special thanks to oowee)