Money management & Risk to reward

Types of money management Plan
  1. 0.01 lot size per every 100$
    Example: 0.01 for 100$, 0.02 for 200$, 0.03 for 300$, 0.04 f0r 400$ dollars account and so on as by your account grows
  2. 0.01 Lot size per every 200$
    Example: 0.01 for 200$, 0.01 for 400$, 0.03 for 600$, 0.04 for 800$ dollars account and so on as by your account grows
  3. Fixed Dollar amount 1%, 3% to 5% of your Capital amount Calculate fixed 1%,3%,5% amount of your capital and risk it per trade
Types of Risk to Reward Plans

1) Risk to Reward Tool

Make risk to reward tool by altering Fibonacci tool or Fibonacci’s Extension tool and take profots according to altered tool

2) Up to Next Obvious Support or Resistance

Take Profit up to next Support or Resistance

3) 2 Candles Strategy

Take Profits up to 2 candles

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