Yes. For a mini account it is correct.

Why don't you read my earlier posts? (around #270-#300 on this thread). I think you'll find all about V1 and V2.

Hi guys it's very dangerous to use V1 and V2 EA (or V1+V2 EA) on mini account !!! Cucurucu say 3000$ or more!!!
I try to backtest V1+V2 on mini account from 500$ since 2001/01/01 to 2006/01/01 and few result are good!!
The problem is the startup of account from 500$ to 3000$: during this period the system is very vulnerable. When the market going to in a strong trend, system open more trade (0.01+0.02+0.04+0.08+0.16+etc...), the free margin and equity go rapidaly to zero!!! If we not have more money to support this situation, the sistem crash and we lose all money!!!!
We must made a solution against this!!!
Thx

Bolla

but Gbolla

i understand for miniaccount you must start only v1mini+v2mini


no v1+v2

No, you can use V1+V2Mini for a mini account, and the lot sizes are adjusted so you can begin with $300.00 and be just fine.

The difference from V1 and V1mini (the same for V2) is the calc of min lot.
With V1 we have:

minlot=Balance/6000/100

...so every 6000$ on your account, you double the lot
Example: start with 3000$ on your account--> minlot=0.01
when your accont is 6000$ --> minlot=0.02
when your account is 12000$ --> minlot=0.03
...and so on!

with V1mini we have:

minlot=Balance/600/100

...so every 600$ on your account, you double the lot
Example: start with 300$ on your account--> minlot=0.01
when your accont is 600$ --> minlot=0.02
when your account is 1200$ --> minlot=0.03
...and so on!

There is another difference about Maxlot:

On V1:
if (AccountBalance()>6000) MaxLot=MathFloor(AccountBalance()/40)/100;

On V1mini:
if (AccountBalance()>6000) MaxLot=MathFloor(AccountBalance()/4)/100;

...there is an error here ^ .(I suppose). The correct is 600 and not 6000!

Like you see, both V1 and V1mini start with minlot=0.01, but there is a big difference about the margin free because (the margin used for 0.01 is the same) on account with 3000$ we have enought money for trade another lot (0.02,0.04 and so on...) instead on mini account with 300$ there is a dangerous situation.
Make your calc!!!
Thx

Bolla

There is no error. For a 6001$ mini account, maxlot will be 15. This means 1500$ and it's 25% of the account balance. It is ok.

For a 6001$ standard account, maxlot will be 1.5. This also means 1500$ (25% of 6000$).


The margin used for 0.01 is not the same. In mini accounts 1 lot=100$, in standard accounts 1lot=1000$.

but can i use 0.01 lots on mini account?
Thx

Bolla

same old story

__________________

Thiz my Statement 3 days with demo micro lot .

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