Problem with spread and point - page 2

GrumpyDuckMan 2017.04.02 12:52 #11

whroeder1:

	Which has nothing to do with this thread. You place the stop where it needs to be - where the reason for the trade is no longer valid.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/100 = RISK = OrderLots * (\|OrderOpenPrice - OrderStopLoss\| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.) 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

Which has nothing to do with this thread.

You place the stop where it needs to be - where the reason for the trade is no longer valid.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/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
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

Hi whroeder1,

You posted something I don't understand the meaning. Can you please provide some more description.

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