How can I create this
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I want a calculator to let me know (Forex / Index / Gold / Whatever ) , set an variable for the marginlevel (ML) , if like = 1000 , then it's 1000% left .
so how many lotsize I should open with 1000% left even it's in different leverage account ? if not enough margin , just use the closer lotsize . -
Draw a line on the chart when have order , and setup a variable for % of account drawdown , if I have x lot , and where is the stoploss level when my account reach % of drawdown by balance ? like , if I have 1 lot , then my account is 10K , so variable I set 1 , so 1%*10K = 100 , so with my avage price , where I should stop loss if the drawdown reach 1% Drawdown .
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u need to have a defined strategy to set a stop level and then use a lot size that equals 1% or determine a set lot size and set sl at 1%
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@frank-2 I'm not sure if that is possible with simple blocks. Maybe I'm wrong but I guess you would need custom code to do it.
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not at all, just the right math required.
It would need a formula to happen on, If Position, to calculate the necessary info.
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@tipsywisdom I'm curious. Do you know what math would do the job?
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weird, im rereading this now and I dont have a clue what he's asking for....I think I read @Youngtreptrader response because I know those calculations can be done.
I need clear logic to understand what the heck that first guy is asking for.
But it kinda sounds something like a constant modification of variables would be all that is necessary.
If balance is Y, modify the variable to be X.
X = lot size