well, try this..
bool MarginCheck (int TypeOfOrder, double LotValue){ double MarginValue = AccountFreeMarginCheck(Symbol(),TypeOfOrder,LotValue); if(MarginValue <= 0){ return false; } return true; } //then if(MarginCheck(OP_BUY, Lots)==true){ //Open buy trade } //or if(MarginCheck(OP_SELL, Lots)==true){ //Open sell trade }
trade will only open when there is enough margin..
hope this help.. goodluck..
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- You place the stop where it needs to be - where the reason for the trade is no longer valid.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/$10/5 or 0.1 Lots maximum.
- Use a GUI EA like mine (for MT4): 'Money Manager Graphic Tool' indicator by 'takycard' - Risk Management - Articles, Library comments - MQL5 programming forum - Page 6 #55
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hey everyone, so I'm new to forex and also mt4. I am trying to build up a trading bot but when I try to place orders It gives me an ' not enough free margin error '.
So here is my code:
When I try to run it with initial 1000$ deposit, on EUR/USD parity. It doesn't work and give the error :