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  • #321
  • Edited 3:36pm Aug 29, 2010 1:49pm | Edited 3:36pm
hmm, i trade this style over here :

http://www.forexfactory.com/showthread.php?t=112522

math tells me i need at least 56:1 so think what ya want, the style works well and so therefore 100:1 will be fine for me since there is no such thing as 56:1 or i could need at least 50:1

so traders will work out whatever what it is that they are trying to gain and risk is not knowing what you're doing. that's all.
  • #322
  • Aug 29, 2010 1:54pm Aug 29, 2010 1:54pm
Quoting pipmutt

If you take your risk %, lets say 1% of $10,000, that's $100, with me so far?

Now divide that dollar amount, $100, by your stop loss, let's say your stop is 20 pips, the result is $5. So that's equivalent to $5 per pip, yes?

$5 per pip would mean a trade size, in dollars, equivalent to $50,000 and voila......5:1
No, I am not wiser. I have one more question. When you say $10,000, what is that number? Is that the initial capital that a trader deposits into the account or is that a trade size?
Make your losses in demo. Earn your profits live.
  • #323
  • Aug 29, 2010 1:56pm Aug 29, 2010 1:56pm
Quoting luckylady
I give up pipmutt, you are by far the smartest person in here, you don't need educating in anything whatsoever and everyone should bow at your feet, I get it....
Yep that's the ticket, when you can't shoot the message just try and shoot the messenger!
  • #324
  • Aug 29, 2010 2:01pm Aug 29, 2010 2:01pm
Quoting Forexia
No, I am not wiser.
Well ok then......(I'll try and exercise some restraint here and not state the obvious!)

Quoting Forexia
I have one more question. When you say $10,000, what is that number? Is that the initial capital that a trader deposits into the account or is that a trade size?
Well if your risk is 1% of $10,000 and your trade size is the equivalent of $50,000, as in the example, what do you think the $10,000 represents?

Ok, save some time here, yes the $10,000 is your account balance.


Oh vey!
  • #325
  • Aug 29, 2010 2:02pm Aug 29, 2010 2:02pm
So, what if you don't set stoplosses? How do you determine your margin requirements from that?

And yes, I'm trading with a grid type system, where I'm apt to have more than one trade open at once.
  • #326
  • Aug 29, 2010 2:03pm Aug 29, 2010 2:03pm
Quoting pipmutt
lol, it's not a personal attack at all, it's my opinion based on the fact that luckylady posted some pretty inaccurate and stupid comments and you say 'good posts', I mean what other conclusion could anyone reach other than dumb and dumber? Clever and cleverer? Hardly, all evidence to the contrary.

By the way my posts aren't compulsory reading! Knowing how much you value your right to choose, your democratic right is in the ignore option!
Well your personal opinion is again, personal opinion and is not correct and you are supposed to keep these personal opinions to yourselves. Etiquette 101. And when you launch these incorrect personal opinions to others, it's called "personal attacks" and is not tolerated in public, whether in real life or in a virtual world called Internet. I can't believe I have to teach basic Etiquette Lessons here.

But seeing I am interested in learning everything about Forex trading, even if it's from somebody who does not possess basic Etiquette, I don't mind reading just until you answered my leverage questions. After that, I will exercise my "Ignore" option.
Make your losses in demo. Earn your profits live.
  • #327
  • Aug 29, 2010 2:13pm Aug 29, 2010 2:13pm
Quoting Forexia

Well your personal opinion is again, personal opinion and is not correct
It's an opinion based on fact, just read the thread!

By the way this is a trading forum not a vicars tea party, if your fragile sensibilities are offended by any of this then perhaps you're in the wrong profession altogether!

Quoting Forexia
But seeing I am interested in learning everything about Forex trading, even if it's from somebody who does not possess basic Etiquette, I don't mind reading just until you answered my leverage questions. After that, I will exercise my "Ignore" option.
Oh you're so hurtful, I feel so used, I'll need at least a dozen sessions with my therapist now!
  • #328
  • Aug 29, 2010 2:13pm Aug 29, 2010 2:13pm
Quoting Forexia
No, I am not wiser. I have one more question. When you say $10,000, what is that number? Is that the initial capital that a trader deposits into the account or is that a trade size?
OMG
Attached Image
  • #329
  • Aug 29, 2010 2:19pm Aug 29, 2010 2:19pm
Quoting The Fool
ok bill, I must assume what you say is correct, you are, after all, a guy on the internet.


So, when I trade at my most aggressive stance at 2 std lots from my $10,000 account, 1% account risk, 5 pip sl, that's 0.2% per pip, my "real-leverage" is 20:1. OK, fine, you and pipmutt are on the same page.


I'm just trying to scratch out my pips at a known, controlled level of risk. I'm on top of that, all wonky hair-splitting aside.
You're opening statement is why a lot of people that could be helpful don't bother posting. You don't need to assume I'm correct because I'm, "after all, a guy on the internet." In fact you shouldn't. The info is easy enough to find. If you're unfamiliar with common financial terms you should go to whatever you think is a reliable scource and learn them. As for the definition of real-leverage, yes, I'm on the same page as Pipmutt along with the brokers and everyone else that knows what the definition is. I don't regard knowing how much leverage you're actually using as "wonky hair-splitting". It's the same nitpicky criteria those daft old brokers use when executing those silly margin calls. Anyway, I was responding to someone who asked. You can verify my definition with a visit to investopedia:

To calculate the real leverage you are currently using, simply divide the total face value of your open positions by your trading capital.


Real Leverage =
Total Value of Transaction
Total Trading Capital
  • #330
  • Aug 29, 2010 2:20pm Aug 29, 2010 2:20pm
Quoting Slack
OMG

http://cdn.forexfactory.com/attachme...1&d=1283109199

lol
  • #331
  • Aug 29, 2010 2:22pm Aug 29, 2010 2:22pm
Quoting ecTrade
So, what if you don't set stoplosses? How do you determine your margin requirements from that?

And yes, I'm trading with a grid type system, where I'm apt to have more than one trade open at once.
Good point ecTrade and this is actually my second question. What if I don't set my stoploss, hypothetically, althought we all know that not setting a stoploss is not prudent trading. Then according to your calculation, wouldn't your leverage rate by undefined?

And also, can you show us in calculations like what you have done, how would your leverage rate be related to the margin-based leverate rate which is what the government is trying to regulate?
Make your losses in demo. Earn your profits live.
  • #332
  • Edited 2:44pm Aug 29, 2010 2:28pm | Edited 2:44pm
I think my margin requirements are set by the "not enough money" errors I get when the accumulated lot size is too high. So if I receive an error message at a certain point (while backtesting), that must mean I've gone beyond the 100:1 limit, I guess? ...

And yes, this is something that usually occurs when the EA is on the verge of crapping out so, this is one of the main things I'm trying to avoid and, it tells me whether the EA is successful or not.
  • #333
  • Aug 29, 2010 2:35pm Aug 29, 2010 2:35pm
Inserted Video
  • #334
  • Aug 29, 2010 2:35pm Aug 29, 2010 2:35pm
Quoting billflet
You're opening statement is why a lot of people that could be helpful don't bother posting. You don't need to assume I'm correct because I'm, "after all, a guy on the internet." In fact you shouldn't. The info is easy enough to find. If you're unfamiliar with common financial terms you should go to whatever you think is a reliable scource and learn them. As for the definition of real-leverage, yes, I'm on the same page as Pipmutt along with the brokers and everyone else that knows what the definition is. I don't regard knowing how much leverage...
So, why do I care? Nothing discussed herein will change the way I trade a single short hair. I didn't ask you for help and I don't need you. So, if you don't want to post again, ever, that's fine, I will not notice.

Have a nice day.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #335
  • Edited 6:30pm Aug 29, 2010 2:35pm | Edited 6:30pm
Quoting pipmutt
It's an opinion based on fact, just read the thread!

By the way this is a trading forum not a vicars tea party, if your fragile sensibilities are offended by any of this then perhaps you're in the wrong profession altogether!


Oh you're so hurtful, I feel so used, I'll need at least a dozen sessions with my therapist now!
No this is not about sensibility it's about basic manners and decency and respect for others. There are ways to win arguments without being disrespectful to others. Perhaps you should inquire about that skill from your therapists. Just a suggestion. It will be beneficial to you in real life as well as your "virtual" life including FF forum here seeing how much you love to argue.

Personally, taking up trading is the perfect profession for me because it allows me to minimize my contact with people like you. So far it is working until the participation of you in this discussion. FF forum overall is fine.

But anway, can you answer my questions please?
Make your losses in demo. Earn your profits live.
  • #336
  • Aug 29, 2010 2:38pm Aug 29, 2010 2:38pm
Quoting Slack
OMG
Yes, Slack. I really need to learn.
Make your losses in demo. Earn your profits live.
  • #337
  • Aug 29, 2010 2:44pm Aug 29, 2010 2:44pm
As Billflet has pointed out you don't need to know your stop loss to know your true leverage. 1 mini lot is a $10,000 position in the market. Divide that figure by your trading capital and thats your actual leverage. So if you had a $10,000 account with a $10,000 position in the market (1 mini lot) your actual leverage is 1:1.
  • #338
  • Aug 29, 2010 2:48pm Aug 29, 2010 2:48pm
Quoting The Fool
So, why do I care? Nothing discussed herein will change the way I trade a single short hair. I didn't ask you for help and I don't need you. So, if you don't want to post again, ever, that's fine, I will not notice.

Have a nice day.
I didn't offer any help to you. I answered EC's question and addressed it to EC. You chose to get sarcastic and imply that the information was suspect because I was, "after all, a guy on the internet."

Good Day
  • #339
  • Aug 29, 2010 2:50pm Aug 29, 2010 2:50pm
Quoting The Fool
So, why do I care? Nothing discussed herein will change the way I trade a single short hair. I didn't ask you for help and I don't need you. So, if you don't want to post again, ever, that's fine, I will not notice.

Have a nice day.
No wonder the majority of experienced traders can't be bothered to post advice any more, your attitude really stinks for someone who's trying to learn.

The sad thing is it's people like you and the other clowns in this thread who ruin it for others who genuinely appreciate help and who have the common sense to recognise it.

  • #340
  • Aug 29, 2010 2:53pm Aug 29, 2010 2:53pm
Quoting luckylady
As Billflet has pointed out you don't need to know your stop loss to know your true leverage. 1 mini lot is a $10,000 position in the market. Divide that figure by your trading capital and thats your actual leverage. So if you had a $10,000 account with a $10,000 position in the market (1 mini lot) your actual leverage is 1:1.
So, .01 mini lots is a $100 position then? ... and 1:1 in a $100 account? Okay so, in my case I need to figure out the accumulated lot size (for multiple trades) and treat it as the lot size of a single trade.
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