Q. If I only trade in standard lots, what would be a suitable account size?
A. For standard lot size, you can check out the lot size calculator. It does really depend on how many
lots you are placing though, and if you would follow the EA to the letter. What i would consider to be a safe lot size level for that size account would be 0.05. Remember, the EA will be placing a number of orders, it is not placing a single trade.
Q. I plan to allocate $5000 for a real account at FXDD, which setting do you
suggest without getting a margin call?
A. For a 5k (able to trade mini-lots) account, this is pretty close to what my live account at FXDD is at, and it trades using default settings. It uses 0.02 lots, is traded on 5 pairs (GBPJPY, USDJPY, USDCHF, GBPCHF, EURJPY), all using default settings.
Q. I think a reasonably large depends on the draw down this EA creates. If I want to start with 0.1 lot size. What do you recommend for an account size to go successfully through an drawdown.
A. For 0.1 lot size, you are trading approx 80 cent lots. the automatic settings would dictate ideally you have a 20k US account. The drawdown will never get anywhere near this, but you need to be well covered. What you can do is change the no of lots opened to 10, to keep a cap on the no of lots opened, and change the grid mesh to be wider, around 75, to ensure they are spaced well apart. You would be ok with a smaller account, even down to 10k by applying these settings.
