How do I calculate lotsize for both standard and micro account? Please help!
- You place the stop where it needs to be - where the reason for the trade is no longer valid.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 normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
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Hello Masters in the house,
Please I don't seem to get how to write lot size for standard and micro account especially the five digits brokers. It keeps giving me not enough money and invalid lot size, what do I do please, help!
Any help that solves this problem shall be greatly appreciated.
Thank you