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%.
In code (MT4): Risk depends on your initial stop loss, lot size, and the value of the pair.
In code (MT4): Risk depends on your initial stop loss, lot size, and the value of the pair.
- You place the stop where it needs to be - where the reason for the trade is no longer valid.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.
- 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.)
-
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. - You must normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
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Hello people ! a quick one: if i need at some point of time to open trades with big lots, but having risks of unavailability of free margin, is higher leverage is the solution ?
As i understand high leverage gives an opportunity of using less margin..
Please let me know if i am mistaken.
Thanks !