Calculate biggest allowed trade size
- You place the stop where it needs to be - where the reason for the trade is no longer valid.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
There are many other that will not understand this tough calculations and there must be some easy way of finding out what we have and how much we can trade. I have never done this calculations trade calculators are very easy tool for doing it and you must try this out.
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Hi,
Sometimes I get "Not enough money" message.
Is there a way to calculate the biggest allowed trade size (related to the money you got on your account) so this message can be avoided.
BR
Michael