Does The Calculator factor in margin and leverage?
For awhile we were looking into adding a margin warning as well as a drawdown warning. But then, the further we tried to develop it, the more it came to our attention that every broker uses a different set of rules about when they margin your account. You could have 3 brokers all offering 100:1, and one of them would give you a margin call at 90% drawdown, another at 25% drawdown, and another would close you down at 50%. Compound that with the surprising but true fact that you can ask different people within the same company what their policy is, and get different and conflicting answers. We know from personal experience and with talking to some professional traders who play as close to margin call as they can and NEED to know that level precisely. Our finding: it is extremely challenging to try to get an accurate answer from a broker. Compound that FURTHER by the fact that some brokers do not even issue a margin call even when your account hits a point at which they say they will. AND
