% risk on the account

[Alberto Tortella]

Hi all, I usually trade by setting my stop to obtain 1% max loss on every trade.

To do this, I recall

double AccountFreeMargin(

)

but I'm not sure it's correct.

May be it's more correct recall

double AccountBalance(

)

because this double returns the exact balance on the account at the new trade opening.

What do you think about this?

Thank you!

[Simon Gniadkowski]

How many trades do you allow to be open at any one time ?

[Alberto Tortella]

I trade on 7 pairs, so up to 7 trades at any one time.

[Simon Gniadkowski]

In that case your Balance can be good but your Free margin can be poor so I think you should work based on your FreeMargin() . . .

[William Roeder]

Contract Size - MQL4 forum