Leverage i need to know more!

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do you make a request to change your leverage when u havae money in your account or before that? because i always request to change my leverage but my balance stays the same i dont have any more money added to my account can someone explain me in details what to do step by step! thx in advance 👏🏾
 
You won't have more money in your account by changing leverage. It allows you to buy/sell bigger lots. It's like an increased buying power. 
 
Thomas Coget:
You won't have more money in your account by changing leverage. It allows you to buy/sell bigger lots. It's like an increased buying power. 
yeahh thats also what i taught but i guess i wanted so much to increase my capital that i believed i could "borrow money" form the leverage system lol. but thxx anyway i appreciate 🙇🏾‍♂️
 
If you are worried about margin and leverage, you are not controlling your risk. Never risk more than a small percentage of your account, certainly less than 2% per trade, 6% total.
  1. In code (MT4): Risk depends on your initial stop loss, lot size, and the value of the pair. It does not depend on margin and leverage.
    1. You place the stop where it needs to be - where the reason for the trade is no longer valid.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.
    2. AccountBalance * 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.)
    3. 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.
                MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum 2017.10.10
                Lot value calculation off by a factor of 100 - MQL5 programming forum 2019.07.19
    4. You must normalize lots properly and check against min and max.
    5. 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 or 0.1 Lots maximum.

  2. Use a GUI EA like mine (for MT4): 'Money Manager Graphic Tool' indicator by 'takycard' - Risk Management - Articles, Library comments - MQL5 programming forum - Page 6 #55
 
  • Leverage - the thread 
  • Video Lesson: How to Trade - The Leverage - post #77
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