In the account currency, approximately 10 per lot. Exactly pip*deltaPerLot*lots
- You place the stop where it needs to be - where the reason for the trade is no longer valid.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
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Hi
I ask questions about revenue calculation.
1. Is the value of one peep worth $ 10?
2. If I had to earn 1 peep by buying 1 lot, would it be $ 10?
3. On account of a cent, if I had to earn 1 peep by buying 1 lot , would it be $ 0.1?
I await your reply.