My trading account has 1:100 leverage, how can I keep it at 1:10?
Most brokers offer up to 1:400 leverage, but this should not be confused with the leverage you actually decide to allocate. Leverage is the ratio between your equity and the total market exposure of your trades. The more leverage you use, the smaller the market movement needed to decimate all your investing capital.
How should I use the currency exposure table?
It should be used to avoid over-exposure to any given currency. For example, if you already have too much long exposure to the EURO, it is wise to look for charts where to short the EURO, or at least stop trading it and focus on other currencies. If you don't and the EURO suddenly moves against your deals, you could be facing an unexpected big drawdown.
When are the caution and alert labels displayed?
The caution label is displayed when your drawdown reaches 10% or your used leverage goes above 1:5. The danger label is displayed when your drawdown reaches 20% or your leverage used reaches 1:10. If you see a red or orange label on the indicator, do not open new trades and try to close existing ones.