Its Trading Time

PLEASE READ THIS:  As you may know, the MT4/MT5 platform has a minimum position size of 0.01 lot and a volume step of 0.01 lot, which means that you can increase/decrease positions by a minimum of 0.01 lot. Consider a position with 0.01 lot on GBP/USD, stop loss of 100 pips. That would give a potential loss of $10. If you had an account of $50, that would be a 20% loss, with just one trade, even though you followed the minimum position size required by MT4.

For this reason, I recommend the following:

MINIMUM BALANCE: $1000
MINIMUM MARGIN: $500,000

The margin is calculated by multiplying the balance by the leverage. For example, for a $1,000 account with a leverage of 500:1, your margin would be $500,000.

FAQ

1. Are you going to get exactly the same results?
It's no secret that on MQL5, a huge problem is that many traders use scalping and short-term techniques, which can create a big difference in results among followers, because of different spreads, commissions and slippages. My trading style is focused more on medium and long-term trades, so you should have results very similar to mines, provided that you follow the basic guidelines and capital/margin requirements mentioned above.