As far as i understand it, stopout level is a percentage of the minimal margin at which all orders are forcibly closed.
to compute the stop out here is the code:
Print("StopOut = ", level, "%");
int d = 100*level/AccountBalance();
Print("StopOut = ", d, "%");
Now let's suppose i have a Margin of 10.0 on a $1000 account (1% of the capital)
the stop out level has to be multiplied by the margin ( AccountMargin()), right?
so if stop out is 60% then the stop out will close all orders if the equity falls under 10.0 * 60% = $6 ?
is it correct?
and secondly, what is a very bad stop out level? under what amounts falls a good stopout so that it doesn't close orders too often...
thanks a lot