Risk management for forex traders: position sizing, maximum drawdown, daily loss limits, prop firm rules and trade manager EAs.
How the PipLog expert advisor for MetaTrader 5 sizes orders by risk, enforces a daily loss limit, manages break-even and partials, and syncs your journal.
Maximum drawdown is the largest peak-to-trough fall in your equity. How to calculate it, the recovery maths, and practical ways to limit drawdowns.
Calculate the right lot size for any forex pair, gold or index from your account risk and stop loss, with worked examples and common sizing mistakes.
Most prop firm challenges are failed on risk rules, not strategy. How daily loss and max drawdown rules work, and a journaling routine to stay inside them.