Hi forum,
I'm trying to create a block to increase my position size with each increase in equity, but I don't want the position size to decrease with a decrease in equity. For example, using an initial equity of $50,000, with 1% risk, and a 10pip SL, the position size is 0.5m. Then...when the equity increases to $51,000, the position size changes to 0.51m. However, if the equity then decreases to $49,000, the position size remains at 0.51m.
In the attached VJF file, you will see I have tried to use an assign block followed by a calculation expression, but the strategy does not work with it (Sorry, I have not included the rest of the holy grail
Please, take a look at it and let me know what I need to change to make it work.
Thanks, Rhys