Basic Money Manager
True to its title, this Money Manager is very simple. The number of contracts or shares will be the number you input here.
Fixed Fractional Money Manager
This Money Manager sets the unit size to a certain percent of your total trading equity. This Block is used by many of our built-in systems.
The position size is computed using the following formula:
If you have no stops, there will be no risk. If there is no risk, there can be no trades with this money manager!
Multi Money Manager
This money manager allows you to choose from three choices of money management:
| 1. | Single Contract - The number of contracts or shares will be one. |
| 2. | Fixed Fractional - Described above. Remember that you must have stops in your system to get trades with this method of money management. |
| 3. | Volatility Adjusted - This method can be used without stops, and uses the Average True Range to size positions. The greater the volatility, the smaller the position size. |