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help in calculating apportioned lot sizes
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Author:  HannesJoubert [ Thu Oct 02, 2014 11:56 am ]
Post subject:  help in calculating apportioned lot sizes
Hi All, I need help, but I am a bit embarrassed to say the least :oops:
I am struggling to work out lot size based on leverage and stops and account size.

Seeing as the brokers are not that good at honouring stops, what I want to do is use minimum allowable balance to be used as an automatic stop...

So, let's say I have US3000 in my account, I want to trade and risk 50% of the account, with my intended stop loss being 20 pips for example and my account is on 1:400 leverage.

How would I work out my lot size in order for the broker to close my trade due to minimum equity requirements no longer being met when the trade is in the hole by 20 pips...does that make sense?

Hope some one can help

Thanks

Hannes
Author:  dudest [ Thu Oct 02, 2014 7:18 pm ]
Post subject:  help in calculating apportioned lot sizes
Hi Hannes,

Hope this helps somewhat [ position sizing calc indi from earnforex.com ]

Cheers
Author:  HannesJoubert [ Thu Oct 02, 2014 7:33 pm ]
Post subject:  help in calculating apportioned lot sizes
Thanks very much Dudest.

What are the odds? In trying to figure this out, I cannot set a trade that goes to SL...I've tripled my demo account in the space of 7 trades, bugger, if only I could figure out how I am placing the trades so that I can do it live :smile:

I'll give the download a whirl, thanks again Dudest.

Hannes
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