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 pair. 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- You place the stop where it needs to be — where the reason for the trade is no longer valid.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.
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Hi, How can I send request feature to Metatrader5 Developer Team
I would like request feature about Backtesting with custom LEVERAGE Level
for backtesting , MT5 on Strategy Tester still not work correct with simulation, may be need to add custom LEVERAGE Level for can useful it
like (example)
$1 - $500,000 leverage 1:500
$500,001 - $1,000,000 leverage 1:200
$1,000,001 - $2,000,000 leverage 1:50
or may be have this feature already but I don't know
So, someone help to advise me how to setup