In Position Sizing for each individual currency what are you thoughts on this.
With the trading system I have, I have 4 specific currencies I will use. I also know that in ranking of best performer to the least performer of the 4 currencies, what is the best and what is the least performer.
What are your thoughts on diversifying the risk for each trade based on the performance ranking of each currency, meaning all trades with the best performer currency I will risk the most per trade and the least performer I will risk the least per trade but still stay within my Portfolio Heat for all 4 currencies.
So instead of risking lets say 1% on each trade for all 4 of the currencies, I will risk 1.2% on the best performer and going down the line, 1% - .80% - and finally .75% to the least performer of the 4 currencies.
With the trading system I have, I have 4 specific currencies I will use. I also know that in ranking of best performer to the least performer of the 4 currencies, what is the best and what is the least performer.
What are your thoughts on diversifying the risk for each trade based on the performance ranking of each currency, meaning all trades with the best performer currency I will risk the most per trade and the least performer I will risk the least per trade but still stay within my Portfolio Heat for all 4 currencies.
So instead of risking lets say 1% on each trade for all 4 of the currencies, I will risk 1.2% on the best performer and going down the line, 1% - .80% - and finally .75% to the least performer of the 4 currencies.