I'm utilizing the oanda trader (demo) with 100k as the starting balence. I want to make sure the money direction is being worked by me correctly although I have my system.
Im hoping to only use 6 percent of my balence on every trade. With stop losses of course.
My question is for the Oanda Pro's in here.
Each trade Im carrying the components and multilying by 6 percent.
Example 2,000,000 units * 6% = 120,000 units.
This Appears to Be working. Am I on the right track with this? Or is there another method to get my 6 percent calculation.