Hello, I am trialling the "cTrader Risk & Reward Tool" and would like to purchase
I am with Pepperstone, who offers down to 0.1 lots and trade DAX (GER40). I receive a warning that "the fixed cash risk feature will not work if minimum lot size is 1 broker must support micro-lots". I assume my broker is OK so this should work fine.
I have the "trade indices" option set to Yes, and my "fixed cash risk" set to £50.
If I plan a short (sell) position the risk calculates perfectly. Before entering the trade, I can move my stop loss close to entry point and the risk recalculates perfectly - it is always almost exactly £50.
If I do exactly the same but instead planning a long (buy) position, the risk does not calculate as expected, it perhaps starts off at £58, and the closer I move the stop to the entry point the greater the inaccuracy - it may go to £70.
It seems that the calculation works on short positions but not on long positions.
I assume the tool is meant to work with indices given the "trade indices" option. Is this a bug?