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Position size question
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[QUOTE="Enivid, post: 188196, member: 1"] [USER=70161]@Oatmeal123[/USER] First, how do ypu plan to set a stop-loss of 9.58 pips on EUR/USD. Does your broker provide 6 decimal places in EUR/USD quotes in MT4? Second, please use our [URL='https://www.earnforex.com/metatrader-indicators/Position-Size-Calculator/#Downloads']Position Size Calculator for MT4[/URL] to calculate the position size. You would still get about 2.09 lots as a resulting position size (if you really 9 or 10 standard pips stop-loss), but you would be able to switch to the margin tab and check whether you have enough margin to open such a trade. Third, there is no error in that calculation - if you want to risk that amount of money with that stop-loss, you can open such a big trade. The fact that you don't have enough margin for it is largely irrelevant for the position size calculation as a risk management issue. You should either increase your account's leverage or stick to lower-size trades (and lower resulting risk, and lower resulting potential reward). [/QUOTE]
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