Hi,
Another quick clarification. As stated, the recommended take profit is calculated by Lot Size x 200.
I'm going to test this system with one of my sub accounts which is running under MBTrading's Metatrader4 platform.
With it's lot system, 1.0 lot size is roughly $1 per pip, with 10.0 lot size being roughly $10 per pip.
So with a lot size of 10.0, will the recommended take profit factor be then be lot size x 20?
Or will it remain at Lot Size x 200, which will then be 10 x 200 = 2000?
Sorry if this sounds confusing, but it's confusing for me at the moment as well.
I will be running this test under that sub account, and report back how it does with an ECN MT4 platform.
Appreciate all the hard work being put into this by everyone.
Another quick clarification. As stated, the recommended take profit is calculated by Lot Size x 200.
I'm going to test this system with one of my sub accounts which is running under MBTrading's Metatrader4 platform.
With it's lot system, 1.0 lot size is roughly $1 per pip, with 10.0 lot size being roughly $10 per pip.
So with a lot size of 10.0, will the recommended take profit factor be then be lot size x 20?
Or will it remain at Lot Size x 200, which will then be 10 x 200 = 2000?
Sorry if this sounds confusing, but it's confusing for me at the moment as well.
I will be running this test under that sub account, and report back how it does with an ECN MT4 platform.
Appreciate all the hard work being put into this by everyone.