Money Management to improve your trading

Most trading educators will tell you, “To succeed in trading, having good money management rules - but more importantly sticking to them - is essential.”
Discover ProRealTime’s new tools to help you respect your Money Management rules:
Order size automatically adjusted to your risk level and ratio
Multiple targets and stops for partial entries and exits
Secure your gains and limit your losses with customizable trading restrictions
Create your free account in a few clicks: link.prorealti...
Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced clients who have sufficient financial means to bear such risk. No information on this video is investment advice or a solicitation to buy or sell any financial instrument.

[@franciscofdetroya]

This is very useful and PRT is getting everyday more and more institutional. Thank you!

[@jamiebrown6194]

This is brilliant!

[@Ceaz000]

Just what I needed! Liking the v12 Platform update! It was needed!

[@mobiusgrey9522]

How would you code this using the Probuilder language please?

[@ProRealTime]

Hello, Currently, there are no built-in functions to use the features introduced in this video directly in your code. However, when programming a trading system for automatic trading in our platform, you should be able to reproduce some of them, using for example : - variable sizes for your positions, computed based on your desired gain/loss and your target/stop distance, - the STRATEGYPROFIT function, which can allow you to stop your system if you reach a given amount of gains or losses. For more details, you can find help resources for programming, including our programming guides, on our dedicated webpage : trading.prorealtime.com/en/programming-help

[@mobiusgrey9522]

@@ProRealTime thank you

[@stevehulmes3957]

I cannot get PRt to replicate this first example - I could do it in v11.1 but not in 12 - it assumes I have a fixed stop loss distance - can you help?

[@ProRealTime]

Hello, In the first example, the stop level is set manually on the chart. If you have defined a fixed distance (e.g. as a %), auto quantity will also work, but the stop level will fixed (relative to the entry price level). You can change how your target and stop distances are set, as shown at 0:40 (select "Choose price on chart" to place your stop or target manually). If you have any issues using some features of the platform, do not hesitate to contact us directly from the contact section of our website, or from Help > Technical support in your platform.