A VERY SERIOUS WARNING!!!
MarginTrader EA is intended for experienced traders. In the wrong hands, MarginTrader EA can blow an account VERY QUICKLY.
If you are new to trading, DON’T USE MarginTrader EA ON YOUR LIVE ACCOUNT.
Even if you consider yourself very experienced, please use MarginTrader EA with great care, and follow the philosophy described a few lines below.
MarginTrader is a tool for traders, risking (relatively) small money for big potential gains.
Philosophy of margin level trading of MarginTrader EA:
- Use a reliable broker offering:
- high leverage (1:200 - 1:500),
- micro lots,
- low trading costs (ECN preferred),
- fast and accurate execution,
- (optionally) negative balance protection,
- a client cabinet with instant internal transfers between accounts.
- Keep your entire risk capital in a wallet/purse (if provided), or in a dedicated ‘deposit’ account which you MUST NOT trade.
- Transfer just a small fraction of your capital (I recommend 5-15%) to a separate ‘trading’ account running MarginTrader EA.
- Margin call (stop-out) is your risk limit, just as you would use a stop loss in a bigger account.
- Set a margin limit before entry according to your strategy.
- If you lose, nevermind - reload, rethink and try again.
- Hold on to gains and let them run.
- Grab your profits and PUT THEM BACK INTO THE WALLET.