what leverage ratio do you feel comfortable
1:100 ? 1:20 ? 1:500 ?
you may say in playing a role on algo or manual
200 when manual,
300 when using my hedge-grid trading ea/robot.
200 when manual,
300 when using my hedge-grid trading ea/robot.
1:30 maybe happened in AUD but not in other countries ?
i heart it was the matter of diff type of liscenses
Irrelevant; you must control your risk.
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. Never risk more than a small percentage of your trading funds, certainly less than 2% per trade, 6% total.
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You place the stop where it needs to be — where the reason for the trade is no longer valid.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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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.)
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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)
Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum (2018)
Lot value calculation off by a factor of 100 - MQL5 programming forum (2019) -
You must normalize lots properly and check against min and max.
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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.
what leverage ratio do you feel comfortable
1:100 ? 1:20 ? 1:500 ?
you may say in playing a role on algo or manual
I always trade 1:500, but 1:50 could be enough.
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what leverage ratio do you feel comfortable
1:100 ? 1:20 ? 1:500 ?
you may say in playing a role on algo or manual