Lot Calculator

To calculate the (starting) Lot value for your BladeMiner settings, use the lot calculator below:

( $ 
 / 1000 ) x  

It is recommended to update each pair's Lot size once a week.
Keeping your starting Lot sizes in line with your account balance will ensure your account grows at a constant rate.

Once you have your calculated lot size, see the steps to How To Update Your Lot Size.

Account Balance

To get your account balance, open MT4 and in the bottom left hand side, in the 'Trade' tab, you will see it.

Note that this value is shown in Cents, so divide this figure by 100 to get the account balance to use above.

Tip: Simply 'move' the decimal dot/period 2 places to the left to get the $ value :)

In the case below, the account balance is $268:

Account Balance in MT4

You can also see the current balance from your FBS daily statement email. At the bottom of the email on the LHS you will see it as 'Current Balance' (this is for a different account than above):

Account balance in FBS Daily Statement Email

NOTE: Do not use the value for 'Balance' as shown in your FBS dashboard. This value is in fact Equity (= Balance - Current PnL) not the true balance.

Risk Multiplier

It is highly recommended to use the tried-and-tested risk multiplier values as per the lot calculator form above.

NOTE: Using higher multiplier values than the calculator-recommended (auto-selected based on account balance) ones can cause your account to blow. Do so at your own risk.

How To Update Your Lot Size

Keeping your lot size in accordance with your account balance means your account growth will be consistent.

Only perform lot size updates during market open hours (Mon - Fri). This is because the bot needs a live price feed in order to initialize new settings.

If you haven't already done so, use the calculator above to calculate your new lot size.

Log in to your VPS, in MT4 do the following:

In the bottom windows, select the Experts tab (this shows log statements of what the expert advisor is doing):

Select MT4 experts tab

For each chart (starting with EURUSD), click the smiley face in the top right hand side. This will bring up the input settings:

Update BladeMiner lot size

Enter your calculated lot size value in the 'Lot' value, (leaving all other values unchanged).

Click 'OK'. The bot will take a moment to configure the new lot size (chart info will disappear and re-appear once initialized.

If the update was successful, the experts tab log will show something like the following:

Experts tab show initialized after Updated BladeMiner lot size

Important: Ensure the smiley face at the top right hand side is smiling. It not, something went wrong (double check all steps above).

Once EURUSD complete, repeat the above process exactly for the remaining currency pairs.

Your lot sizes are now updated!

Remember to check your VPS at least once a week to check BladeMiner is running (this is a good time to update lot sizes too).