Hi,
I’m currently trying to just work through certain ways to calculate certain volumes etc and I thought it might be quicker to find simpler methods by using the brains trust here at babypips! I’m using MT4 and I have traded with other platforms in the past but I’m trying to grasp MT4’s volume and how to calculate against say a 1% risk position?
I currently am using a demo with 50/1 leverage through IC markets and am based in Australia.
I have an account balance of $10,000 AUD
I have just used the position calculator and come up with 1320900 units now I want to factor in my leverage or should this be factored in earlier? and then transfer this to volume on MT4
I know this isn’t that hard but i’m just missing a few things. I would really appreciate any help or pointing in the correct direction.
Thanks again