Compliments of the day Developer,
The problem is this, I lose money trading forex manually, not because I do not
know how to trade, but because I allow my emotions like fear, anxiety, greed et al
to make decisions for me. Thus, I end up losing a lot of money most times because
of trading below my chosen "MARGIN LEVEL". Thus, I need an EA that will
"RESTRICT ME FROM TRADING BELOW MY PRESET MARGIN LEVEL"
Thus, once I start up my MT4 platform with my Broker and I install the EA,
once I open any position to trade manually, the EA will only allow me to open
the position so long as it will not take my MARGIN LEVEL below the pre-set
MARGIN LEVEL. For instance, if I set my MARGIN LEVEL to 1,300% and I
try to open EUR/USD with size "0.1", if my MARGIN LEVEL will fall below 1,300%
the EA will never allow the position to be opened. The EA will offer the best position
size that will never allow my initial MARGIN LEVEL to fall below 1,300%. Thus,
still based upon this example, if the best size to open EUR/USD is "0.09" and
still have my MARGIN LEVEL greater than or equal to 1,300%, the EA will
suggest it for me. The EA will only allow sizes that will maintain initial MARGIN LEVEL
at or above 1,300%. Note: Once the position is opened at > or = 1,300%, if the trading
starts and the MARGIN falls bellow 1,300%, this is okay. What we are concerned about
is that, we can only open the position if it will not take us below 1,300%.
Very Important: The EA will never allow us to adjust the MARGIN LEVEL to fall below
the pre-set MARGIN LEVEL, thus, if we set our default MARGIN LEVEL to 1,300%, the
EA will never allow us to adjust it to less than 1,300%, it will only allow us to adjust it higher.
So, if we initially set it to 1,300%, we can not change it to 1,250% or 1,200% or anything
lower than 1,300%. The EA will only allow us adjust it higher than 1300%. That is
1,301%, 1350%, 1,400% or any MARGIN LEVEL higher than 1,300%, > or = 1,300%.
The EA will tell us best sizes to open positions, based upon, Exchange Rates of the Pair,
Equity, Margin and Free Margin. In all, the EA will always maintain my MARGIN LEVEL.
based upon my pre-set value while I trade manually.
I anticipate your favourable response.
Thanks.
Victor Cheke [Emperor Richman]
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