Tutorial Basic money management for martingale or grid averaging

[Towfick Kamal]

Money Management Rules

If Equity >= 1000 then Max Lot Size = 0.10 lots --> recommended [0.01 to 0.05]

1K Equity (Max Lot Size = 0.10)
Trade 1 @ 0.01
Trade 2 @ 0.02
Trade 3 @ 0.03
Trade 4 @ 0.04
Trade 5 @ 0.05
Tot. Volume = (0.01 + 0.02 + 0.03 + 0.04 + 0.05) = 0.15 (1.5* Max Lot Size).

If Equity >= 2000 then Max Lot Size = 0.20 lots --> recommended [0.02 to 0.10]

2K Equity (Max Lot Size = 0.20)
Trade 1 @ 0.02
Trade 2 @ 0.04
Trade 3 @ 0.06
Trade 4 @ 0.08
Trade 5 @ 0.10
Tot. Volume = (0.02 + 0.04 + 0.06 + 0.08 + 0.10) = 0.30 (1.5* Max Lot Size).

If Equity >= 3000 then Max Lot Size = 0.30 lots --> recommended [0.03 to 0.15]

3K Equity (Max Lot Size = 0.30)
Trade 1 @ 0.03
Trade 2 @ 0.06
Trade 3 @ 0.09
Trade 4 @ 0.12
Trade 5 @ 0.15
Tot. Volume = (0.03 + 0.06 + 0.09 + 0.12 + 0.15) = 0.45 (1.5* Max Lot Size).

If Equity >= 4000 then Max Lot Size = 0.40 lots --> recommended [0.04 to 0.20]

4K Equity (Max Lot Size = 0.40)
Trade 1 @ 0.04
Trade 2 @ 0.08
Trade 3 @ 0.12
Trade 4 @ 0.16
Trade 5 @ 0.20
Tot. Volume = (0.04 + 0.08 + 0.12 + 0.16 + 0.20) = 0.60 (1.5* Max Lot Size).

If Equity >= 5000 then Max Lot Size = 0.50 lots --> recommended [0.05 to 0.25]

5K Equity (Max Lot Size = 0.50)
Trade 1 @ 0.05
Trade 2 @ 0.10
Trade 3 @ 0.15
Trade 4 @ 0.20
Trade 5 @ 0.25
Tot. Volume = (0.05 + 0.10 + 0.15 + 0.20 + 0.25) = 0.75 (1.5* Max Lot Size).

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If Equity >= 10000 then Max Lot Size = 1.0 lots --> recommended [0.10 to 0.50]

10K Equity (Max Lot Size = 1.0)
Trade 1 @ 0.10
Trade 2 @ 0.20
Trade 3 @ 0.30
Trade 4 @ 0.40
Trade 5 @ 0.50
Tot. Volume = (0.10 + 0.20 + 0.30 + 0.40 + 0.50) = 0.75 (1.5* Max Lot Size).

 

[Towfick Kamal]

For safe martingale without blowing up your account

I recommend

BF GRID MASTER EA

https://www.mql5.com/en/market/product/27411#

 

[Towfick Kamal]

if u want to go with paid EA

then this ea is good
WOLF GRID EA
https://www.mql5.com/en/market/product/24726

 

[Frank Milk]

never risk more then 2% of your account and you never blow it out

 

[Frank Milk]

money management is the key to succeed

 

[Frank Milk]

always put your stoploss at the nearest high for sell and nearest low for buy and you are fine

 

[fatherdougc]

great post on this topic, will apply it in my trading, thank you mam

 

[fatherdougc]

the web site dosent work anymore, you have other link