You must have multiple open orders to exhaust your free margin.
Risk depends on your initial stop loss and lot 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- You place the stop where it needs to be - where the reason for the trade is no longer valid.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/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,
after I run the backtesting EA get error 134:
2017.08.06 22:23:59.658 2017.08.02 01:47:28 Tester: PrevBalance: 50000.00, PrevPL: 0.00, PrevEquity 50000.00, PrevMargin: 0.00, NewMargin: 118059, FreeMargin: -68059.00
2017.08.06 22:23:59.658 2017.08.02 01:47:28 Tester: not enough money for sell 1.00 EURUSD at 1.18047 sl: 0.00000 tp: 1.17997 [2017.08.02 01:47]
2017.08.06 22:23:59.658 2017.08.02 01:47:27 MACD Sample EURUSD,M5: Error opening SELL order : 134
2017.08.06 22:23:59.658 2017.08.02 01:47:27 MACD Sample EURUSD,M5: OrderSend error 134
2017.08.06 22:23:59.658 2017.08.02 01:47:27 Tester: PrevBalance: 50000.00, PrevPL: 0.00, PrevEquity 50000.00, PrevMargin: 0.00, NewMargin: 118061, FreeMargin: -68061.00
2017.08.06 22:23:59.658 2017.08.02 01:47:27 Tester: not enough money for sell 1.00 EURUSD at 1.18049 sl: 0.00000 tp: 1.17999 [2017.08.02 01:47]
2017.08.06 22:23:49.283 2017.08.02 00:00:00 MACD Sample inputs: TakeProfit=50; Lots=1; TrailingStop=30; MACDOpenLevel=3; MACDCloseLevel=2; MATrendPeriod=26;
2017.08.06 22:23:49.268 TestGenerator: current spread 23 used
EA do not open any order.
MT4 build 1090, broker XM.com