My EA author advises to use the EA with 1000 USD for significant risk setting with 100 leverage. What will happen if I use 200 leverage? or 300 leverage? EA uses proportion of equity according to risk.
In my opinnion you should just take a Account with as much leverage as possible,
Ofcurse you should never use it all, the Key is just the margin cost (free margin).
Why not take more leverage to have less margin cost so you have more free margin in the Account?
More leverage means less margin requirments.
1:1 leverage means 1x standart lot would cost you 100.000$ margin.
1:10 leverage = 10.000$ margin requirment per standart lot
And 1:500 leverage means 200$ margin requirment
Why would you choose less leverage and have higher margin requirements?
You will run out off free margin quicker with less leverage and get margin called quicker.
If the EA's author advises to use $1k with 1:100 leverage then stick to this. If you will use bigger leverage then perhaps risks will go high in the sky and you will have a far bigger chance to get MC.
In fact, it's not advisable to utilize huge leverage cuz as a rule it doesn't lead to something positive you know. At least, you'll be either alerted by the margin call, or the position will be fully liquidated by Stop-out.
Increasing the leverage from 100 to 200 or 300 will amplify your potential gains and losses. With 200 leverage, gains and losses will double compared to 100 leverage. With 300 leverage, they will triple. Leverage magnifies risk and reward, so higher leverage increases both profit potential and the risk of larger losses.
