Leverage i need to know more!
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 👏🏾
- I need to stop the trade and take the profit , how do I do that I have more money in my equity account than my account balance?
- A newcomer asks!
- Are the days of high leverage over?
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 🙇🏾♂️
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.
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.
-
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.
- You place the stop where it needs to be - where the reason for the trade is no longer valid.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.
- 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.)
- 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 - 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 or 0.1 Lots maximum.
- 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
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