Recovery Order Starting Lot Size Guide
Forex Recovery Bot uses a grid-style trading system to build recovery positions in order to generate profit & restore other unprofitable positions on the account.
In this guide we will help determine what an appropriate starting lot size might be for your account and recovery situation, as well as:
- Starting lot size chart
- Leverage considerations
- Risk management
- How to find your account equity
Starting Lot Size Chart Based On Account Equity
Below you can find a chart showing the lot sizes which we have used in our usage of the bot. These can serve as guidelines in helping you determine appropriate lot size settings for your situation.
Account EQUITY* | MIN Starting Lot | MAX Starting Lot |
|---|---|---|
$0 - $1,000 | 0.01 | 0.01 |
$1,000 - $2,000 | 0.01 | 0.02 |
$2,000 - $3,000 | 0.01 | 0.03 |
$3,000 - $4,000 | 0.01 | 0.04 |
$4,000 - $5,000 | 0.01 | 0.05 |
$10,000 - $20,000 | 0.10 | 0.20 |
$100,000 - $200,000 | 1.00 | 2.00 |
** Leverage Considerations **
- These recommendations assume a trading account with 1:500 leverage
- For accounts with lower leverage, we strongly recommend using the minimum starting lot size
- The starting lot size can be adjusted during recovery if needed
** Risk Management **
- Starting with the minimum lot size is recommended for better risk management
- Monitor your positions carefully when using larger lot sizes
- Adjust your strategy based on market conditions and account performance
How to find your account equity:
Your account equity can be found inside of your MetaTrader 4 or 5 platform. At the bottom of the terminal you will find your account information such as balance, equity, margin, etc.
Updated on: 24/12/2024
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