Quote:
Originally Posted by HAUGHT007
Just noticed something.... at the bottom of my MT4 that has been brought up before. It says "Margin level: 1213%" or some other crazy high number. ROUGHLY...this is how many pip drawdown you can get for anybody else that has this number. Not REAL accurate but it's somewhat close for a quick-glance-swag.
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Yeah mine says the same thing .. it made no sense at all .. you mean that is roughly equivalent to pip drawdown? So 1213% means you can be down about 1000 pips & still be ok?
Have you downloaded my excel spreadsheet .. it is still not rright, but it is close .. I find it very useful as you can put in acct size, leverage and then a max pip loss value, like 1500 .. and it will tell you the max lots you can have open. Or vice versa. But I need more experienced people to check it over, I think one of the formulas may still be off.
My demo acct is now $897k. If it gets to $1 mill next week, that will be a double in 7 weeks.