- Leverage is irrelevant. It only determines FreeMargin.
- You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- Account Balance * percent = RISK = (OrderOpenPrice - OrderStopLoss)*DIR * OrderLots * DeltaPerlot (Note OOP-OSL includes the SPREAD)
- Do NOT use TickValue by itself - DeltaPerlot
- You must also check FreeMargin to avoid stop out
WHRoeder:
- Leverage is irrelevant. It only determines FreeMargin.
- You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- Account Balance * percent = RISK = (OrderOpenPrice - OrderStopLoss)*DIR * OrderLots * DeltaPerlot (Note OOP-OSL includes the SPREAD)
- Do NOT use TickValue by itself - DeltaPerlot
- You must also check FreeMargin to avoid stop out
what does DIR stand for?
sam2014: what does DIR stand for? | DIRection. +1 Buy |
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Hi
I need an indicator that can calc the lot size based on given percentage.
anyone has any scripts to give?
it must consider the equity and also leverage for that calculation.