How to fold the account with 100 pips per day and which lots to use?
I started testing by the initial values of the account did not work out
My advice is you better focus on getting 100 pips a day. The lots will come later
I started testing by the initial values of the account did not work out
You can only (almost) do it with 1:1000 leverage, for 5 digits broker.
The difference of the amount of your win qualifies by a number of lots you need to put in a trade.
Almost - because even with a 1:1000 leverage a margin requirement for 1 lot is 113.65 USD.
100 pips at 5 digits broker = 100 USD profit.
The best scenario is if you have an additional 50 buck to put in your account.
Then:
$ 1550 account with 100pips per day * " 13 " Lots = $ 2850
(You need to take care of commissions, spreads, swaps, etc.)
Write me back if you will make it, and if you have a real strategy for that!
P.S. You might want to know how to calculate the required margin.
Example:
Volume in Lots: 5 (One Standard Lot = 100,000 Units)
Leverage: 100
Account Base Currency: USD
Currency Pair: EUR/USD
Exchange Rate: 1.365 (EUR/USD)
Required Margin = 500,000 /100 * 1.365
Required margin is $6825.00 USD
You can only (almost) do it with 1:1000 leverage, for 5 digits broker.
The difference of the amount of your win qualifies by a number of lots you need to put in a trade.
Almost - because even with a 1:1000 leverage a margin requirement for 1 lot is 113.65 USD.
100 pips at 5 digits broker = 100 USD profit.
The best scenario is if you have an additional 50 buck to put in your account.
Then:
$ 1550 account with 100pips per day * " 13 " Lots = $ 2850
(You need to take care of commissions, spreads, swaps, etc.)
Write me back if you will make it, and if you have a real strategy for that!
P.S. You might want to know how to calculate the required margin.
Example:
Volume in Lots: 5 (One Standard Lot = 100,000 Units)
Leverage: 100
Account Base Currency: USD
Currency Pair: EUR/USD
Exchange Rate: 1.365 (EUR/USD)
Required Margin = 500,000 /100 * 1.365
Required margin is $6825.00 USD
Thank you for the precise answer!
I've been working with an ECN brokerage that only gives me Leverage: 1: 500 max.
I think that was why the lack of performance!
I have a lot of control on commissions and spreads (so I chose ECN brokerage)
For your knowledge would tell me some brokerages that can give me the leverage 1: 1000 without problems and safely?
For your knowledge would tell me some brokerages that can give me the leverage 1: 1000 without problems and safely?
Recommendations of brokers is not allowed in the forum
Thank you for the precise answer!
I've been working with an ECN brokerage that only gives me Leverage: 1: 500 max.
I think that was why the lack of performance!
I have a lot of control on commissions and spreads (so I chose ECN brokerage)
For your knowledge would tell me some brokerages that can give me the leverage 1: 1000 without problems and safely?
Hello Alex, I would really suggest you focus on maintaining stable 100 pips a day, and don't think about 1:1000 performance.
In my knowledge, there are some brokers, which may provide you this leverage without a problem with the safety of your cash on the account.
Rather than that, I won't ever tell anybody to choose 1:1000 leverage and this dialogue looks more like theoretical for me, because of unsafely and very tight stop-out level for those calculations.
Cheers!
Olá Alex, eu realmente sugiro que você se concentre em manter estáveis 100 pips por dia, e não pense no desempenho de 1: 1000.
No meu conhecimento, existem alguns corretores, que podem fornecer essa alavancagem sem um problema com a segurança do seu dinheiro na conta.
Ao invés disso, eu nunca direi a ninguém para escolher alavancagem de 1: 1000 e este diálogo parece mais teórico para mim, por causa do nível de parada inseguro e muito apertado para esses cálculos.
Felicidades!
The question about 1: 1000 leverage brokerages is more for information and even knowledge.
Thank you
I started testing by the initial values of the account did not work out
0.1, 0.2, 0.4, 0.8, 1.6...trading eurusd. Broker with 200:1 is more than enough.GL
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
I started testing by the initial values of the account did not work out