I’ve gone through majority of the School of Pipsology content, however i have a question in regards to position size.
So based on the calculator it would be a 2% risk = $200 with a stop loss of 9.58 Pips on a 10k account.
My position size would be 2.08 lots? However when entering a demo trade on MT4, my maximum position size allowed is only 1.67 on a 1:20 leverage.
If i increase to 3% it would be 3.13 lots, which exceeds the allowable 1.67.
Where have i gone wrong Your kindest advice is greatly appreciated, thank you.