I am trying out a few demo accounts with different brokers that use MT4.
I do have a small live account with 100:1 leverage.
On one demo account I use it exclusively to run an EA.
I opened it with 5000 Euros as they only offer accounts in that or US$.
It has made 10% in 2 weeks, the leverage is 300:1.
The highest my margin has gone up to so far is 62 euros, so just over 1%.
I have a newbie question I just cannot seem to get my head around regarding "stop out level".
I think it means my oldest losing trades would be closed out automatically at a certain level of remaining equity.
Differnet Brokers are offering between zero and 100% stop out levels.
If the broker I am demoing with had a 10% stop out level can anyone please explain how low my equity would have to reach before my oldest losing trades were closed out?
I do have a small live account with 100:1 leverage.
On one demo account I use it exclusively to run an EA.
I opened it with 5000 Euros as they only offer accounts in that or US$.
It has made 10% in 2 weeks, the leverage is 300:1.
The highest my margin has gone up to so far is 62 euros, so just over 1%.
I have a newbie question I just cannot seem to get my head around regarding "stop out level".
I think it means my oldest losing trades would be closed out automatically at a certain level of remaining equity.
Differnet Brokers are offering between zero and 100% stop out levels.
If the broker I am demoing with had a 10% stop out level can anyone please explain how low my equity would have to reach before my oldest losing trades were closed out?
