investlinda
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I still can't find any drawdown-value in your picture.
10% can't be, concerning your unrealized profit and your balance you are at the moment at about 17% drawdown!
Thanks for sharing your open trades. As you can see at the first trade (GBPUSD) your lots are very high. When you are starting with 0.02 lots that is a factor of over 200!
Let me guess: your lot multiplier is 1,66 and this is trade #10 (or #12/#13, depending on after how many trades PSM starts). What is your max trades value?
This is a very good example. If this last trade moves only a few pips in the wrong direction, you could receive a margin call.
Thats why everyone should test a lot of time to get into such situations in demo mode, not in real mode. At this point you can't just deposit some more money, because of these huge lotsizes (even as micro lots) you need too much money if the this trades continues into the wrong direction.
Reducing the lot multiplier should be your first step to reduce the risk. Your profits will decrease, but your risk as well...
10% can't be, concerning your unrealized profit and your balance you are at the moment at about 17% drawdown!
Thanks for sharing your open trades. As you can see at the first trade (GBPUSD) your lots are very high. When you are starting with 0.02 lots that is a factor of over 200!
Let me guess: your lot multiplier is 1,66 and this is trade #10 (or #12/#13, depending on after how many trades PSM starts). What is your max trades value?
This is a very good example. If this last trade moves only a few pips in the wrong direction, you could receive a margin call.
Thats why everyone should test a lot of time to get into such situations in demo mode, not in real mode. At this point you can't just deposit some more money, because of these huge lotsizes (even as micro lots) you need too much money if the this trades continues into the wrong direction.
Reducing the lot multiplier should be your first step to reduce the risk. Your profits will decrease, but your risk as well...