SharePosts by j4byers
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In my opinion, your position size should be based on what you're prepared to lose. You need to know your stop loss, account margin available, and percentage of account to risk in order to calculate.
So a basic calculation would be:
Size = PercentRisk * AccountMargin / StopLossPoints
For example,
Size = 0.02 * 100,000 / 100
= 20 Lots
So if your stop loss of 100 points (10 pips) were to be hit, you would lose no more than $2,000 or 2% of your account.
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Hey there,
I saw your private message so I thought I could try to be of some help.
First: Personally, I prefer MQL4; there are far more resources and open-source codes available for MQL4. As well, more brokers support it and will continue to as well. Likewise there are some great APIs available to send signals to other platforms as well, such as Interactive Brokers, Dukascopy/jForex, etc.
HOWEVER, MQL5 is a much more feature-packed language - so the decision really should be based on the requirements of your program. For instance, MQL5 can handle multi-threading, but MQL4 cannot. This ......
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Looking for the most active and violent pair for trading with my Home built EA In General Jul 19 2012 at 19:27
You could try filtering out pairs with low average true range. Check out the function iATR: http://docs.mql4.com/indicators/iATR. Higher ATR means higher volatility. :)
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MQL is similar in syntax to C-based languages (e.g. C++). I learned as I went through reading the mql4.com references and discussion boards, examining source codes of other EAs and Googling questions I had. Chances are, if you have a question or a problem, somebody else has had the same one, and posted about it online. It's a very long process to get "good.." Even with a development background, it took me a couple months to become familiar with the language. After you get a handle on the language/syntax and how MT4 executes EAs, I recommend you draw out what you want to accompli......
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And you also took 3 accounts off your sales page after they started drawing down... not because they expired.
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You have another *real* account that you set to private after it was drawing down like 30%.. the link is here for others who want to view where it *was*:
http://www.myfxbook.com/members/drive/yen-drive-real-money-high/276955
You can't make the excuse that the broker expired your real account... why don't you unveil it for everyone?
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