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I am not clear on how to apply optimal f to the number of lots I should trade in a futures contract.
Could someone please help with the following:
Optimal f = 0.35
Biggest losing trade is $350.
Therefore I should trade 1 unit for every $1,000 (350/.35) in my account. (pg 88 r.v.'s book)
Account size is $20,000.
The futures contract tick value is $10. (not sure if this is relevant)
Based on this, how many lots should I trade ?
Thanks in advance
Peter
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