Volatility Index

Here is the link to check the EUR FX VIX. Symbol: $EVZ

This is your first check to determine if you are entering into a new trade or not.

Mr. VP’s magic number is: 8

If the number is lower than 8 you are losing the edge of having the odds of winning in your favor so you can mitigate your risk by lowering it from a full amount of 2% to something lower such as 1.75% ~ 1.5%.

In my case, I will lower my risk to an even 1%.