Calculate required margin MT4

[DGRL]

Dear forum members,

 

I want to know how to calculate the required margins (when using MT4)
According this site https://www.ig.com/au/learn-to-trade/margin-explained you need to do it as followed

How do i calculate the total value of your trade?
I bought a contract last week and i know my margin req.
It was 112.03 

 

Since i know the outcome i tried it myself but with provided info of IG i cant seems to get this outcome

The contract i bought was a long option for US30 size 0.01 (MT4) 
the value of 1 contract is 10 so 0.01 should be .1
The opening price when i went long was 25332.3
With the formula above i would say that the total value would be  0.1 X 25332.3 = 2533.23
The margin requirement for US30 is 0.5%

when calculating 2533.23 X 0.5% = 12.66615

Can someone please help me to get the figures right because even if i made a mistake with the place of the dot it would be 126 and not 112

Kind regards and thanks in advance

 

 

 

 

[Caseynotes]

Hi @DGRL,  the calc will be different if you were using a guaranteed stop.

"If you’ve limited your risk, by using a guaranteed stop for example, your margin could be calculated in different ways depending on the size of your trade".

[DGRL]

Hi @Caseynotes

 

Thanks for your reply
Using the formula with no stop still does not give me the correct answer as written in my question

How to calculate the "total value of your trade" is one of my questions
Do you know how to do this?

Kind regards

 

[pepi2017]

The best way to calculate a bid is to remember , too assess capital of account . Alocate 1/3 of fund's for trading ,2/3 is for fee's and the 3/3 is too float too keep the account opened..

           Yours faithfully 

           Mr C O'Loughlin.

[Caseynotes]

Hi @DGRL,  the total value of your trade is as you have done, the contract size x the contract value x the asset price. I was highlighting that there are some alternative ways used to work out margin as is stated in your linked page, one being if a guaranteed stop was used, if you have a 'limited risk' account for example all trades will have a guaranteed stop attached. 

As @pepi2017 points out it pays to have some lee way with regards to margin as having positions closed on a margin call at short notice on a regular basis gets quite annoying.

[DGRL]

Thanks for the reply 
I do not have a limited risk account so no guaranteed stop 

I do use Stop loss orders though

Anyway how can i have a different outcome when calculating  (ie. 126 instead of 113)

 

[Guest 123]

59 minutes ago, DGRL said:

Thanks for the reply 
I do not have a limited risk account so no guaranteed stop 

I do use Stop loss orders though

Anyway how can i have a different outcome when calculating  (ie. 126 instead of 113)

 

Are you sure you dont mix USD and Euro?

113 Euro could be the same as 126 USD?

[Straddles]

On 17/02/2019 at 16:58, Guest 123 said:

Are you sure you dont mix USD and Euro?

113 Euro could be the same as 126 USD?

I've tried to calculate margins since I have moved over the MT4.

 

On the IG website (international) the margin on the Dax is currently 620 pounds.

On MT4 with the size being 0.01, the margin is 138 pounds. 

I don't know how that I calculated.