sim-on
Recruit
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Today I deposited $270 to a broker and thanks to some signals (I'd give the link, but I read that it's forbidden in this part of the forum - if not, I'd like to get opinions about the site), I made it 340, lost some, earned some.
So, the same luck was not with me when I decided to use another signal in another site I was following.
Because this is going to be the only way I trade, I wondered how I could calculate my maximum loss. The signals I used had an entry point, a stop loss and a take profit point.
Okay, here is an example: X/Y = 100. I bought some (Metatrader shows 0.10), and I have a stop loss at 80.
This looks easy to calculate, but I use USD as my account currency, and X and Y are not USD. Actually, let's put the numbers and pair here: GBP/CHF. I bought at 1.43668 and my stop loss is at 1.42000. (I bought 0.10 lot).
How do I do this?
So, the same luck was not with me when I decided to use another signal in another site I was following.
Because this is going to be the only way I trade, I wondered how I could calculate my maximum loss. The signals I used had an entry point, a stop loss and a take profit point.
Okay, here is an example: X/Y = 100. I bought some (Metatrader shows 0.10), and I have a stop loss at 80.
This looks easy to calculate, but I use USD as my account currency, and X and Y are not USD. Actually, let's put the numbers and pair here: GBP/CHF. I bought at 1.43668 and my stop loss is at 1.42000. (I bought 0.10 lot).
How do I do this?
