Price to stop out

19852014 2014.08.12 11:16

Hi all,

Does any one know how the calculate the formula for a stop out level, basically how many points if i have a n open position i need to loose to reach certain stop out level?

Thank you in advance

Any questions from newcomers on MQL4 and MQL5, help and discussion on algorithms and codes
[ARCHIVE!] Any rookie question, so as not to clutter up the forum. Professionals, don't pass by. Can't go anywhere without you - 4.
[WARNING CLOSED!] Any newbie question, so as not to clutter up the forum. Professionals, don't go by. Can't go anywhere without you.

William Roeder 2014.08.12 11:30 #1

Andrija1985: Does any one know how the calculate the formula for a stop out level, basically how many points if i have a n open position i need to loose to reach certain stop out level?	You place the stop where it needs to be - where the reason for the trade is no longer valid.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

Need moneymanagement LOT size function to determine lot Comprehensive lot size calculation

New comment