simpletrader control panel - calculate absolute risk

[Hansen]

I would like to know if anyone has the exact formula to calculate the following (as an example):

I follow a signal from master that has AUD as base currency.
My account is in EUR as base currency.
If I want risk 0.5, how do I calculate it so that I can adjust the risk setting to exactly match the Master account (want to risk the same percentage of capital on my account as the master / 2) ?

thanks if someone knows this I'd be grateful.

/Hansen

[fabx]

Hi Hansen, I think this is correct but please check with support.
EUR AUD is currently1.485 or 1 AUD = 0.7425 Euro so to get half risk enter 0.37125

[Hansen]

Hi Hansen, I think this is correct but please check with support.
EUR AUD is currently1.485 or 1 AUD = 0.7425 Euro so to get half risk enter 0.37125

Thanks fabx - sounds reasonable

[fabx]

Hansen I think I have got it around the wrong way,

I think to run it at 1 x risk is 1,485 and half risk would be 0.7425

[petermatt]

I would like to know if anyone has the exact formula to calculate the following (as an example):
I follow a signal from master that has AUD as base currency.
My account is in EUR as base currency.
If I want risk 0.5, how do I calculate it so that I can adjust the risk setting to exactly match the Master account (want to risk the same percentage of capital on my account as the master / 2) ?
thanks if someone knows this I'd be grateful.
/Hansen

In your Control Panel select the Trader/Manage/Edit, then select the Risk Management tab and everything you need to know will be there for you to change (see attached image)

Pete

Risk Management.JPG

[Hansen]

Much appreciated - thanks to you both!