Can anyone tell me how i calculate the price at which a margin call would occur. i.e. if the price moved from the current price to this calculated price there would be a margin call
I guess i know these things:
1)my brokers minimum margin level is 100%.
2)my current equity, say 5540
3)the current price, say 231.60
4)the current margin, say 400
5)the current number of lots purchased (assume 1 pair) 0.4 or 40000
6)the current free margin, say 5142
??not sure what else i might need
I am sure this is easy, i just keep getting it wrong. I was putting this in an indicator to help me work out if there was any room for new positions to be added.
I guess i know these things:
1)my brokers minimum margin level is 100%.
2)my current equity, say 5540
3)the current price, say 231.60
4)the current margin, say 400
5)the current number of lots purchased (assume 1 pair) 0.4 or 40000
6)the current free margin, say 5142
??not sure what else i might need
I am sure this is easy, i just keep getting it wrong. I was putting this in an indicator to help me work out if there was any room for new positions to be added.