Stop out level

stiltskin

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I am trying out a few demo accounts with different brokers that use MT4.

I do have a small live account with 100:1 leverage.

On one demo account I use it exclusively to run an EA.
I opened it with 5000 Euros as they only offer accounts in that or US$.

It has made 10% in 2 weeks, the leverage is 300:1.
The highest my margin has gone up to so far is 62 euros, so just over 1%.

I have a newbie question I just cannot seem to get my head around regarding "stop out level".
I think it means my oldest losing trades would be closed out automatically at a certain level of remaining equity.

Differnet Brokers are offering between zero and 100% stop out levels.

If the broker I am demoing with had a 10% stop out level can anyone please explain how low my equity would have to reach before my oldest losing trades were closed out?
 
I am trying out a few demo accounts with different brokers that use MT4.

I do have a small live account with 100:1 leverage.

On one demo account I use it exclusively to run an EA.
I opened it with 5000 Euros as they only offer accounts in that or US$.

It has made 10% in 2 weeks, the leverage is 300:1.
The highest my margin has gone up to so far is 62 euros, so just over 1%.

I have a newbie question I just cannot seem to get my head around regarding "stop out level".
I think it means my oldest losing trades would be closed out automatically at a certain level of remaining equity.

Differnet Brokers are offering between zero and 100% stop out levels.

If the broker I am demoing with had a 10% stop out level can anyone please explain how low my equity would have to reach before my oldest losing trades were closed out?

You kinda answered the question yourself.
 
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