hi, i was looking through the turtle trading method by richard dennis and i just couldnt get the whole unit size thing. from my understanding the formula is as follows:
1% of account
Dollar volatility
or
.01 x account value
N x dollars per point
for example if we were to trade this using Eur/Usd the dollar per point would be $10 (1 standard lot) right?
N is (19xPDN (value of atr 20 ma for the day before) + TR)/ 20
the value i got from calculating this on today's numbers was (19x .0098+ .00132)/20 = .02185
now back to the unit calculation if i plug my number's in i get a huge number of lots
.1 x 1000,000/.02185 x 10 = 100,000/.2185= 457665.9 lots
WHAT THE HECK AM I DOING WRONG?? lol, a lil help?
1% of account
Dollar volatility
or
.01 x account value
N x dollars per point
for example if we were to trade this using Eur/Usd the dollar per point would be $10 (1 standard lot) right?
N is (19xPDN (value of atr 20 ma for the day before) + TR)/ 20
the value i got from calculating this on today's numbers was (19x .0098+ .00132)/20 = .02185
now back to the unit calculation if i plug my number's in i get a huge number of lots
.1 x 1000,000/.02185 x 10 = 100,000/.2185= 457665.9 lots
WHAT THE HECK AM I DOING WRONG?? lol, a lil help?
Egyptian and proud of it!