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- Help myfxbook calculator got my position size incorrect
Help myfxbook calculator got my position size incorrect
Hey All I am a new trader and I don't know where the error was here. My Prop account was at 9969.58 and I was risking 0.5% on a trade. I plugged the data including the stop loss size of 4.1 Pips into the calculator and it spit back out this information as shown in the image. The problem is when I opened the position with the information from the calculator for some reason I ended up risking WAYYYY More and I have no idea where Almost double. What was supposed to be a risk of $49.85 Turned into $75.00 and I have absolutely no clue as to what I may have done incorrectly.Prop firm: Equity EdgeAccount size at time of trade: 9969.58Stop loss: 4.1 pipsLot Size given: 1.86Risk in Dollars: $49.86Actual outcome $75.00 excluding commission.Please assist 