Perhaps you should read the manual.
Look on the right side of the image; I see Volume, Price, Stop Loss, Take Profit,
etc.
Perhaps you should read the manual.
Look on the right side of the image; I see Volume, Price, Stop Loss, Take Profit,
etc.
Then add a trade management EA.
However, if you don't already know your SL, you can't compute your risk and thus your lot size.
- If you are worried about margin and leverage, you are not controlling your risk. Never risk more than a small percentage of your trading
funds, certainly less than 2% per trade, 6% total.
Risk depends on your initial stop loss, lot size, and the value of the symbol. It does not depend on margin and leverage. No SL means you
have infinite risk.
- You place the stop where it needs to be — where the reason for the trade is no longer valid.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
Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum 2018.02.11
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.
- Search for a GUI/Trade Assistant EA like mine (for MT4): 'Money Manager Graphic Tool' indicator by 'takycard' - Risk Management - Articles, Library comments - MQL5 programming forum - Page 6 #55
Hello everyone,
I would like to know if on mt5 it is possible to add an instantly (programmed before) take profit when I clic on the 'buy' or 'sell' button.
thank you very much
Thank you very much sadplanet that is what i wanted !
thank's !!!
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Hello everyone,
I would like to know if on mt5 it is possible to add an instantly (programmed before) take profit when I clic on the 'buy' or 'sell' button.
thank you very much