if my margin negative, when order will be close

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antonpavlov1982
10
antonpavlov1982  

pair usdjpy  felling down, my balance 26$, Equity: 15$, now free margin -5$, here on pic current situation, my question is when my order will close when my Equity reach 0 or its my order will close early , do I need topup some $ to protect early closing order? Thanks.

Eleni Anna Branou
Moderator
6578
Eleni Anna Branou  
antonpavlov1982:

pair usdjpy  felling down, my balance 26$, Equity: 15$, now free margin -5$, here on pic current situation, my question is when my order will close when my Equity reach 0 or its my order will close early , do I need topup some $ to protect early closing order? Thanks.


It depends on your broker and margin-call / stop-out rules.

You better contact them to clear this out.
antonpavlov1982
10
antonpavlov1982  

 just contact , they said "For Micro accounts the stop out level occurs when the value of your equity is equal to or below 10% of your used Margin"  , so far 80% 

Eleni Anna Branou:

It depends on your broker and margin-call / stop-out rules.

You better contact them to clear this out.

just contact they said "For Micro accounts the stop out level occurs when the value of your equity is equal to or below 10% of your used Margin" , so far 80% .

Anyway Thank for replay.

whroeder1
17944
whroeder1  
Risk depends on your initial stop loss, lot size, and the value of the pair.
  • You place the stop where it needs to be - where the reason for the trade is no longer valid.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 and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or whether it is returning a value in the instrument's base currency (EUR, in this case).
              MODE_TICKVALUE is not reliable on non-fx instruments with many brokers.
  • You must normalize lots properly and check against min and max.
  • You must also check FreeMargin to avoid stop out
Most pairs are worth about $10 per PIP. A $5 risk with a (very small) 5 PIP SL is $5/$10/5=0.1 Lots maximum.
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