I think you can try a simple fixed fractional approach. You can adjust the % capital to risk per trade until you get a max historical % drawdown (from your backtest) that you are comfortable with.
@@TradingTact ok, let's say the criterion let's us risk 22% of an initial margin of 1,000USD which is about 220 dollars, what lot size would this equate to in this instance?
@@s5sixs933 no problem. Actually I wrote a blog post on money management some time ago. I talk about fixed fractional at the start: tradingtact.com/fixed-ratio-money-management/
How you put to kelly critérium to a EA, i want yo put that in a Expert advisor but the kelly criterion fractionated per ten do is similar yo use a 1% per trade
@@TradingTactsorry if my english i’ts not perfect what i triying to say its that if its possible to put that Money Management in a Expert advisor, but in this way if kelly fórmula gives you 25% to risk you divide this result from 10 so the rial risk yo gonna trade is 2.5% per trade and not that 25% that i’ts a lot