Petko ,

Please add Forex Profit Supreme Meter mt5 version

 

We have it just for MT4.

 

Petko,

I just wanted to say how impressed I have been with your FTMO challenge course which I received the the FTMO EAs.

I placed the EA’s on a Trial account a few days ago and they started trading last night, so far I have three open trades going into the weekend but all are in profit, hopefully the market remains stable and they will come profitable next week.

After going through the training I have a few newbie questions for you, so sorry. I am sure many of you probably think I am stupid, but I would rather ask and understand than to remain ignorant!

While I understand the money management principles in the training what I don’t understand is how to quickly calculate my SL and TP based on account size and leverage?

Obviously I understand that 1% risk on £10K is £100 but how do you quickly calculate this to place SL and work out TP, is there a tool that you use?

Also how does leverage work with this? If I have two accounts at £10K and one with 100:1 leverage and another at 500:1 are my lot sizes the same or different?

I have tried to research this and find the explanations I found unclear and confusing.

I thank anyone in advance for providing a simplified explaination.

Thanks all and wishing you every success for 2024! 🙂

Hi Matthew,

Here is the calculator I use to calculate SL.  There are many others on the internet.  You don’t calculate TP.  Also don’t worry about the leverage.  As long as you stick with 1 or 2% account risk the leverage will not affect your account.

Alan,

Alan,

Once again thank you 🙏

One last question then  is there a benefit in using a higher leverage over a lower leverage when setting up an account?

I currently have a small account funded and used 500:1 leverage which can be changed.

Appreciate your reply 👍

Hi Mathew,

Higher leverage allows you to take on more risk than a lower leverage.  However, with respect to FTMO, by limiting account risk from 1 to 3% it makes no difference as to whether your account has high or low leverage.

Alan,