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You place the stop where it needs to be - where the reason for the trade is no
longer valid.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.
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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.)
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Do NOT use TickValue by itself - DeltaPerLot
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You must normalize lots properly and check against min and max.
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You must also check FreeMargin to avoid stop
out
Assuming five digit broker and pair is about $1/point, a $5 risk with a (very small) 50 point SL is $5/$1/50=0.1 Lots maximum, not 5!