Hello,
in Android Market there is a Meta Trader apk.
I need an option to open trades the following way:
Place an Long Entry Order:
Buystop + 1pip + current spread above the high of the last closed candle
SL: 1 Pip below the low of the last closed candle
Lotsize: % Risk of Equity: so if I choose to riks 1% of equity on a 10 000 account
I would riks 100; Lotsize would be: 100 / ( Entry - stop loss ) = x USD per Pip;
if it would be 4 usd per pip that would be equal to 0.4 lot
Place a Short Entry Order:
Sellstop - 1pip below the low of the last closed candle
stop Loss: 1 Pip + current spread above the high of the last closed candle
Lotsize: % Risk of Equity: so if I choose to riks 1% of equity on a 10 000 account
I would riks 100; Lotsize would be: 100 / ( Entry - stop loss ) = x USD per Pip;
if it would be 4 usd per pip that would be equal to 0.4 lot