[dpaterso]

Hi Nick,

You've got what I was saying exactly. Only thing is: I'm not sure WHICH price you would use (I would hazard an educated guess and say it would be the closing price). When I did this I actually sat here and wrote down the price and then the corresponding ASI value and did this a couple of times for for a couple of changes in price until I had enough points of reference to work out the equivalent ASI change per point / pip movement (Obviously I was able to do this because my ASI updates in realtime). Put it this way: you've got the concept and if you DO find a mathematical way to do this that checks out then please let us all know how you did it!!! You need to get the exact price at which the ASI will have 'gone back on itself' by 60 points and that's your stop. In other words: the MOMENT that price is hit the position is closed and you TP.

Regarding Delta:

Correct: $500 minimum (well it's actually $100 minimum but then you're really wasting your time and after the admin charges and loss on exchange rates if any when depositing and postage and stuff like that you're probably better off demo trading). Also: YOU set the lot size anything from 1 000 units per lot upward in increments of 1 000 (there is no maximum lot size (unless you trade using L2) or account size at all i.e. I only found this out today). So a 'mini' or 'micro' lot I would imagine is the equivalent of 1 000 units i.e. that's the smallest lot size possible. Leverage is 200:1 (0.5% margin) by default and I personally would recommend this but only because my money management rules have been adjusted or 'fine tuned' for 200:1 leverage and they work well. Using my money managment rules would allow you anything from eight to twelve lots open at any one time depending on the exchange rates i.e. the margin cost of one lot of 1 000 units of GBP/??? is obviously greater than the margin cost of one lot of 1 000 units of USD/???.