Hi guys, I usually use Oanda's desktop platform that allows me to enter the "units" for the currency I'm trading when I make a market order. I get this "units" figure from a position size calculator. This calculator takes into account things like account balance, stop loss, account currency, and risk ratio %.
Yet the Mt4 market order entry feature only takes into account stop loss and volume. Is it possible to tell Mt4 that I want to risk 1% of my account for the trade? How is it possible to enter an order with respect to proper risk management, if the order entry form doesn't allow me to enter all the necessary information?
Thank you
Yet the Mt4 market order entry feature only takes into account stop loss and volume. Is it possible to tell Mt4 that I want to risk 1% of my account for the trade? How is it possible to enter an order with respect to proper risk management, if the order entry form doesn't allow me to enter all the necessary information?
Thank you