AHA! I think I've got it now. I was a bit confused earlier because I thought by 2% risk ($200) that that meant how much you were supposed to use total, like, how much margin used. When I changed the figures in Oanda to hit $2.66 per pip, I ended up ...
Ok, I think i'm getting the hang of it. I just tried some sample tests on Oanda, however, and I still have some haziness. Here's my real life example: I started a new account with $10,000 in it. Same rules. So, effectively I would be willing to risk ...
Well I guess I'm just not clicking somewhere. Maybe someone could answer the question I have near the bottom of my first post with an example to help out.
Back. Na, I've read that thread, but apparently something didn't quite click when I did because before I knew it we were off the topic of MM and onto currency correlation. Even in that thread there's passing mention to Dailist's original thread ...