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lukasz
52
lukasz 2016.06.20 11:04 

How can i open a position with known dollar value? Let say i want to trade AUD/CAD or AAPL, or any other asset, and i want to open position which value is 100$. How can i do this in mql4?

Thanks.

whroeder1
13593
whroeder1 2016.06.20 12:35  
  • You place the stop where it needs to be - where the reason for the trade is no longer valid.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| * 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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