I see posts and questions regarding position sizing. In order to determine the right size, it is a simple two-step formula to determine the right lot size:
1. Determine what lot size on your MetaTrader broker is necessary to trade 10,000 units of underlying currency. Hopefully, this lot size is the smallest you trade (either manually or thru and EA).
2. Using that lot size, solve this formula to get the C2LotMultiplier:
C2LotMultiplier = 1 / (LotSize from Step 1).
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