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%.