stoploss

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Please , is stoploss different from loss position of  an order . 
 
Mary A Thompson: Please , is stoploss different from loss position of  an order . 
Please explain you question more clearly!
 
Fernando Carreiro #:
Please explain you question more clearly!

for example, if AUDUSD BUY 1 lot position is in loss of USD 30.

 
Mary A Thompson #:

for example, if AUDUSD BUY 1 lot position is in loss of USD 30.

Stoploss is different with loss in equity. Stoploss is in pips or points and loss in equity is you currency in your account.

 
Luandre Ezra #:

Stoploss is different with loss in equity. Stoploss is in pips or points and loss in equity is you currency in your account.

Stoploss is a price level, it is not pips, points or currency.

 
Keith Watford #:

Stoploss is a price level, it is not pips, points or currency.

yes that's true, I misinterpreted it with stoploss distance to open price

 
Mary A Thompson #: for example, if AUDUSD BUY 1 lot position is in loss of USD 30.

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 (on leveraged symbols). Never risk more than a small percentage of your trading funds, certainly less than 2% per trade, 6% total.

  1. You place the stop where it needs to be — where the reason for the trade is no longer valid.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.

  2. 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.)

  3. 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)

  4. You must normalize lots properly and check against min and max.

  5. You must also check Free Margin to avoid stop out

  6. For MT5, see 'Money Fixed Risk' - MQL5 Code Base (2017)

 
The above is referring to hedge as a means of entry trade. although your suggestion are important when trading. loss position could be referring to no win gap.
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