This spreadsheet is primarily intended to provide information on what Price Level will the Critical Margin Level

Call level (Margin Level = 100%) starts. This is especially useful during large drawdown events where we are
a burned account.

In summary, this spreadsheet:

1. Determines at what Price Level will your account drop to its Critical Margin Level during market reversal

2. Compares different amount of funds to be added to your account and its effect on the Critical Margin Le
drawdown events occur. You can use this also as your basis for your future plan in having a built-in buff
requesting for a higher lot adjustment (see also Lot Size Calculator for EA Accounts.xlsx).

3. Compares the effect on the Critical Margin Level when a cut-loss scenario is performed.

4. If you perform manual trading without using Stop Loss (it is not recommended to perform manual trades
account, just use a separate acct), you can use this to simulate your next trade first to see if your accou
large drawdowns during market reversals before getting into the actual trade.

Some people may be intimidated with the spreadsheet upon seeing all the numbers in it. Most of the inform
just the computed Price Levels while only a few basic information are needed to be encoded by the use

I Hope you don’t mind if I happen to use a wrong forex technical term, having only a few months of experie

Objective

The primary objective of this spreadsheet is to provide the user a tool that presents advance information on
the event of a large drawdown. This would enable the user obtain an overview of his account by determ
Price Level the Margin Call starts, in order for him to perform an advance planning & simulation process
decision. If really necessary, it will present the user with various options to choose from and at what poi
make an intervention just in case the drawdown continues to increase.

Definition of Terms

Critical Margin Level - for the purpose of this spreadsheet, this refers to the Margin Call Level wherein the Mar
drops to 100%.

Margin Call Price Level - The price level where the Margin Level (%) drops to 100%. The FBS website state
but for our purpose, we will set it at 100% so that we can be warned in advance. At th
broker may no longer accept new trades because of insufficiency of funds. This is your las
add more funds or close existing losing trades in order to meet the minimum margin requir
prevent a burned account.

Stop Out Price Level - The price level where the Margin Level (%) drops to 20%. At this stage, the trading sof
one close existing losing trades (probably starting with the biggest loss) to prevent further l
software continues to do this if the Margin Level is still below 20% until all your trades are c
insufficient funds & margin requirement.

Field Descriptions

The cells in the spreadsheet with a GREEN background are the editable fields. While the rest of the cells are
Please allow a margin of error of +/- 2 pips for the computed Price Levels due to the rou
Margin Per Lot and other values.

Default Values Box

Field Descriptions

The cells in the spreadsheet with a GREEN background are the editable fields. While the rest of the cells are
Please allow a margin of error of +/- 2 pips for the computed Price Levels due to the rou
Margin Per Lot and other values.

Default Values Box

Trend Type: Choose whether it is a Downtrend or Uptrend to determine the Multiplier Type to be used in var
For downtrends, we are monitoring the open BUY trades which is the one contributing to the dr
for uptrends, it is the SELL trades.

Trade Size: 100,000 (default for EUR/USD)

Leverage: Select your account leverage. You may also use the dropdown box.

User-Defined Warning Margin Level: (Encoded) An arbitrary Margin Level percentage used to determine t
where the user either needs to start planning or may be used for other purposes. This may als
your simulation process. You may encode your preference. Default is 500%.

Current Open Trade Orders Table

Trade Positions & Lot Size: (Encoded) All open trade orders are encoded here. This will be used in the com
Critical Margin and other information.

Unrealized Profit/Loss: (Computed) This is the computed Profit/Loss of the existing open or active trade pos
respect to the current price level.

Projected Profit/Loss: (Computed) This is the computed Profit/Loss of the existing open or active trade pos
closes upon hitting the Take Profit (T/P) price. This is for additional information only and is not
computation of the Critical Level. If this info is needed, the T/P price (at the column header) sh
also.

Current Values Box

Balance: (Encoded) Amount in USD for Standard Acct or USC (US Cent) for Cent Account. Just copy wh
app.

Margin: (Computed or Encoded) Total Margin used for your existing open BUY or SELL trades. This is
the formula:

Margin = (Lot Size) x (Margin Per Lot)

For a Leverage of 1:1000, FBS has a Margin Per Lot of 100 EUR for the EUR/USD pair. Since our currency u
the FBS Margin per Lot varies depending on the current exchange rate of FBS. For this spread
average prices from the encoded trades will be used.

If, however, your existing open trades are either All Buys or All Sells and if you prefer a more accurate comput
encode and overwrite the existing computed/estimated price with the Margin found in your MT4
sure to manually update this everytime trades are added or closed.

It is suggested, though, that you just use the computed/estimated value since you might forget to update it if d
Besides, the difference in the daily margin changes only has a minimal effect on the computed
Level which is well within the margin of error of +/- 2 pips.

Current Bid/Ask Price Level: (Encoded) This field is used in the computation of the Current Drawdown and
Margin Level. It has no effect on the determination of the Critical Margin Level. Excel also pro
update the current price level via online updates but a security warning always prompts the use
is why this is not implemented.

Current Status Box

Current Drawdown: (Computed) The ratio between the Unrealized P/L and the Balance.
Current Bid/Ask Price Level: (Encoded) This field is used in the computation of the Current Drawdown and
Margin Level. It has no effect on the determination of the Critical Margin Level. Excel also pro
update the current price level via online updates but a security warning always prompts the use
is why this is not implemented.

Current Status Box

Current Drawdown: (Computed) The ratio between the Unrealized P/L and the Balance.

User-Defined Warning Level: (Computed) The Price Level at which the Margin Level (%) drops to the User-
specified in the Default Values Box.

Margin Call Price Level: (Computed) The Price Level at which the account Margin Level (%) drops to 100%
most important information for this spreadsheet which enables the user to know in advance at w
account will be in a critical status. At this price level, new trades will no longer be accepted due
of funds and the lack of the minimum margin requirement.

Stop Out Price Level: (Computed) The Price Level at which the account Margin Level (%) drops to 20%. A
existing losing trade positions will start to be closed.

In the event of large drawdowns, we are faced with three scenarios where we have to decide what to do to try
account: (1) Add more funds, (2) Perform Cut-loss procedure, or (3) Just fight it out and hoping
reverses or undergoes a retracement.

Add Funds Scenario Box

The information found in this box provides you with a comparison of the different amount of funds to add in ord
its effect on the Critical Margin Price Level, the increase in the Margin Level and the new Draw
percentage.

The default amount of funds to be compared on is 10%, 25%, 50%, 75% & 100% of your Account Balance rou
nearest $100. If you have other amounts in mind, you may overwrite the default entries.

What is the best amount to add? Only you can answer that. The spreadsheet is only there to help you in you
making process. Each of us has our own financial capacity and has our own risk level.

Cut-Loss Scenario Box

The user is given a choice on what Open Trades to close by selecting the Order Number and specify at what p
be closed. After which, the new Critical Margin Level is computed. The user may also opt to fu
funds and see its effect on the critical margin level.

At what Price Level is best to perform the cut-loss? Again, only you can answer that. Make use of the spreads
different price levels (in the Stop Loss S/L column). This is a difficult decision to make. Closing
early will automatically incur immediate losses on those trades (considering that the market stil
while closing it late in the game will just have minimal effect on the Critical Margin.

Take note though that performing a cutloss on some trades will make the EA add new trades with a bigger lot
trade which could further lower much more the margin level but some members do this precise
the T/P a little closer.

Summary

A frequently asked question regarding their account during large drawdowns:

Margin Level ko is 1000%. Ok pa ba account ko?

An answer they usually get is “ok pa yan” or “malayo pa yan”. Then after the margin level drops further, since
clueless about their account, they ask the question again. I know because I myself was clueles
before I began researching on it.

It has been said that what you have to watch out for is the Margin Level dropping to 100% which we consider
A frequently asked question regarding their account during large drawdowns:

Margin Level ko is 1000%. Ok pa ba account ko?

An answer they usually get is “ok pa yan” or “malayo pa yan”. Then after the margin level drops further, since
clueless about their account, they ask the question again. I know because I myself was clueles
before I began researching on it.

It has been said that what you have to watch out for is the Margin Level dropping to 100% which we consider
Level. So, in order for one to easily visualize the status of their account, I guess the right quest

“Hanggang anong Price Level ba ang kaya ng account ko bago masunog?”

The answer is in the spreadsheet. Just look at the Margin Call Price Level and the Stop Out Price Level. W
information, you can compare it with the current price level and easily be able to assess the situ
cases, our fear of a burned account is unfounded knowing that it is still far away. This will save
stay late at night just to monitor the situation.

Bear in mind, though, that there is no such thing as a 100% burn-free account. The risk will always be there a
spreadsheet could help us prepare for any eventuality. That is why it is always emphasized: "Th
high-reward investment, invest only with money you can afford to lose". But Sir Sherwin and the
Nation Admins has done a good job with their EA setup. And the best part of it all, they are kind
share it with us for free. My appreciation to them for making my retirement interesting; and at t
comes with a profit!

Dionie Adecer

Note: I only had limited opportunity to validate this spreadsheet. I would welcome it if you send me your comments
any discrepancy whatsoever. Thanks.

_______________________________________________________________________________________

Disclosure: This spreadsheet is just a product of research on leverage & margin and the compilation of various bas
in forex. Utmost care was exercised to provide a more accurate information, but let it be known that th
limited forex trading experience and the validation process done was not that extensive due to lack of d
author takes no responsibility whatsoever for any trade losses incurred resulting from its direct or indire
use this at your own discretion.
_________________________________________________________________________________________________
 Rev 1.2
(Oct2020)

will the Critical Margin Level or the Margin

wdown events where we are trying to prevent

Level during market reversals.

ect on the Critical Margin Level in case large

plan in having a built-in buffer fund before
ccounts.xlsx).

s performed.

ed to perform manual trades using your EA

de first to see if your account can handle
e.

bers in it. Most of the information here are

d to be encoded by the user.

nly a few months of experience in forex.

ents advance information on his account in

ew of his account by determining at what
anning & simulation process before making a
hoose from and at what point or when to

n Call Level wherein the Margin Level (%)

%. The FBS website states a 40% level,

e warned in advance. At this stage, the
cy of funds. This is your last call to either
the minimum margin requirement and

At this stage, the trading software will one by

est loss) to prevent further losses. The
0% until all your trades are closed due to

hile the rest of the cells are all computed.

Price Levels due to the rounding-off of the
 hile the rest of the cells are all computed.
Price Levels due to the rounding-off of the

iplier Type to be used in various formulas.

he one contributing to the drawdown; while

centage used to determine the price level

her purposes. This may also be used in
is 500%.

This will be used in the computation of the

ing open or active trade positions with

ng open or active trade positions when it

information only and is not used in the
e (at the column header) should be specified

Cent Account. Just copy what is in the MT4

UY or SELL trades. This is computed using

t)

D pair. Since our currency used is in USD,

rate of FBS. For this spreadsheet, the

fer a more accurate computation, you can

he Margin found in your MT4 app. But make

might forget to update it if done manually.

mal effect on the computed Critical Margin

the Current Drawdown and the Current

argin Level. Excel also provides a way to
ning always prompts the user on this, which

Balance.
 the Current Drawdown and the Current
argin Level. Excel also provides a way to
ning always prompts the user on this, which

Balance.

Level (%) drops to the User-defined value

gin Level (%) drops to 100%. This is the

user to know in advance at what price his
l no longer be accepted due to insufficiency

Level (%) drops to 20%. At this level,

e to decide what to do to try to save our

) Just fight it out and hoping that the market

mount of funds to add in order to compare

gin Level and the new Drawdown

of your Account Balance rounded off to the

te the default entries.

only there to help you in your decision-

s our own risk level.

umber and specify at what price level it will

The user may also opt to further add more

at. Make use of the spreadsheet to simulate

lt decision to make. Closing your trades too
nsidering that the market still can reverse)
Critical Margin.

new trades with a bigger lot size from the last

me members do this precisely just to make

unt ko?

gin level drops further, since they are

ecause I myself was clueless about this

o 100% which we consider as the Critical

unt ko?

gin level drops further, since they are

ecause I myself was clueless about this

o 100% which we consider as the Critical

ount, I guess the right question to ask is

ko bago masunog?”

he Stop Out Price Level. With that

ily be able to assess the situation. In most
still far away. This will save us of having to

e risk will always be there and this

it is always emphasized: "This is a high-risk
se". But Sir Sherwin and the rest of the EA
est part of it all, they are kind enough to
irement interesting; and at the same time, it

you send me your comments if you could find

____________________________

he compilation of various basic formulas used

on, but let it be known that the author has very
hat extensive due to lack of data sets. The
sulting from its direct or indirect use. Please

______________________________
WORKSHEET FOR LARGE DRAWDOWNS

Default Values CURRENT OPEN TRADE ORDERS

(EUR/USD) Current
Trade Unrealized
Projected
Order No. Positions Lot Size Profit/Loss Profit/Loss
Trend Type Uptrend Multiplier = +1 (SELL ONLY) @ 1.21503 TP: 1.20828
1 1.19257 0.08 (179.68) (125.68)
Trade Size 100,000 2 1.19502 0.08 (160.08) (106.08)
Margin / Lot 3 1.19578 0.11 (211.75) (137.50)
Leverage 1:1000 100 € 4 1.19821 0.15 (252.30) (151.05)
5 1.19933 0.20 (314.00) (179.00)
Set User-Defined 500% 6 1.20465 0.27 (280.26) (98.01)
Warning Margin
Level 7 1.20726 0.37 (287.49) (37.74)
8 1.20947 0.50 (278.00) 59.50
9 1.21125 0.68 (257.04) 201.96
10 1.21183 0.92 (294.40) 326.60
11 1.21248 1.25 (318.75) 525.00

Note: Editable Fields are those with Green

background.

Totals 4.61 -$2,833.75 $278.00

* For uptrends, encode only the SELL orders since it is assumed that all BUY
orders will hit T/P price before reaching the Critical Level.
The Balance needs to be updated once other trades closes.

CURRENT VALUES Current Values Unrealized Profit / Loss Estimated Free Margin

Balance $4,115.43 - 2,833.75 724.38

Margin 557.30 Equity Estimated Margin Level (%)

Current ASK Price Level 1.21503 1,281.68 230%

CURRENT STATUS
If you have existing BUY orders, the
Current Drawdown 68.9% @ 1.21503 price level Critical Level may move a little
farther away due to addt'l profits
when it hits T/P.
User-Defined Warning Level 1.21177 Warning Level Already Reached!
Allow margin of error of ±2 pips
Margin Call Price Level 1.21660 ML = 100% ; 86.5% DD ; 16 pips to go due to rounding-off of the margin
per lot & other values.
- dionie
Stop Out Price Level 1.21757 ML = 20% ; 97.3% DD ; 25 pips to go

ADD FUNDS
0% 9.7% of Balance 24.3% 51.0% 75.3% 99.6%
Funds to be Added NONE $400 $1,000 $2,100 $3,100 $4,100

New Margin Call Price Level 1.21660 1.21747 1.21877 1.22116 1.22333 1.22550
New Stop Out Price Level 1.21757 1.21844 1.21974 1.22212 1.22429 1.22646
moved by +87 pts +217 pts +456 pts +672 pts +889 pts

Status at Current Price Level (1.21503) After Adding Funds:

New Margin Level (%) 230.0% 301.8% 409.4% 606.8% 786.2% 965.7%
New Drawdown 68.9% 62.8% 55.4% 45.6% 39.3% 34.5%

CUT LOSS SCENARIO

To-be
Order No. Stop Loss Trade Order
Lot Size Realized Profit
(See Table) Position Position
/ Loss
1 1.21600 1.19257 0.08 -$187.44
Select Order Nos. found in the table 2 1.21600 1.19502 0.08 -$167.84
above for trades to be closed and specify
at what price level will it be closed in the 3 1.21600 1.19578 0.11 -$222.42
column "SL Position".

After Cut Loss Totals 0.27 -$577.70

New Margin Call Price Level 1.21671 moved by 11 pts. After Cut Loss & No Funds Added
New Stop Out Price Level 1.21768 New Balance $3,537.73
24.3% of Balance 51.0% New Total Lot Size 4.34
Further Add New Funds $1,000 $2,100 New Margin 524.66
@ 120.9 / LOT
New Margin Call Price Level 1.21902 1.22155
New Stop Out Price Level 1.21999 1.22252

Disclosure: This spreadsheet is just a product of research on leverage & margin and the compilation of various basic formulas used in
forex. Utmost care was exercised to provide a more accurate information, but let it be known that the author has very
limited forex trading experience and the validation process done was not that extensive due to lack of data sets. The
author takes no responsibility whatsoever for any trade losses incurred resulting from its direct or indirect use. Please use
this at your own discretion.
WORKSHEET FOR LARGE DRAWDOWNS

Default Values CURRENT OPEN TRADE ORDERS

(EUR/USD) Current
Trade Unrealized
Projected
Order No. Positions Lot Size Profit/Loss Profit/Loss
Trend Type Downtrend Multiplier = -1 (BUY ONLY) @ 0.00000 TP: 1.18203
1
Trade Size 100,000 2
Margin / Lot 3
Leverage 1:1000 100 € 4
5
Set User-Defined 500% 6
Warning Margin
Level 7
8
9
10
11

Note: Editable Fields are those with Green

background.

Totals 0.00 $0.00 $0.00

* For downtrends, encode only the BUY orders since it is assumed that all SELL
orders will hit T/P price before reaching the Critical Level.
The Balance needs to be updated once other trades closes.

CURRENT VALUES Current Values Unrealized Profit / Loss Estimated Free Margin

Balance 0.00 0.00

Margin 0.00 Equity Estimated Margin Level (%)

Current BID Price Level 0.00

CURRENT STATUS
If you have existing SELL orders,
Current Drawdown (No Current BID Price Level ) the Critical Level may move a little
farther away due to addt'l profits
when it hits T/P.
User-Defined Warning Level (No Current BID Price Level )
Allow margin of error of ±2 pips
Margin Call Price Level (No Current BID Price Level ) due to rounding-off of the margin
per lot & other values.
- dionie
Stop Out Price Level (No Current BID Price Level )

ADD FUNDS
0%
Funds to be Added NONE $0 $0 $0 $0 $0

New Margin Call Price Level

New Stop Out Price Level

Status at Current Price Level (0.00000) After Adding Funds: (No Current BID Price Level )
New Margin Level (%)
New Drawdown

CUT LOSS SCENARIO

To-be
Order No. Stop Loss Trade Order
Lot Size Realized Profit
(See Table) Position Position
/ Loss

Select Order Nos. found in the table

above for trades to be closed and specify
at what price level will it be closed in the
column "SL Position".

After Cut Loss Totals 0 $0.00

New Margin Call Price Level After Cut Loss & No Funds Added
New Stop Out Price Level New Balance
New Total Lot Size
Further Add New Funds $0 $0 New Margin
New Margin Call Price Level
New Stop Out Price Level

Disclosure: This spreadsheet is just a product of research on leverage & margin and the compilation of various basic formulas used in
forex. Utmost care was exercised to provide a more accurate information, but let it be known that the author has very
limited forex trading experience and the validation process done was not that extensive due to lack of data sets. The
author takes no responsibility whatsoever for any trade losses incurred resulting from its direct or indirect use. Please use
this at your own discretion.
 THIS IS USED AS BACKUP COPY ONLY JUST IN CASE YOU HAPPEN TO OVERWRITE SOME CELL FORMULA IN YOUR
WORKING SHEET. JUST COPY THE FORMULA HERE & PASTE BACK TO YOUR SHEET.

Default Values CURRENT OPEN TRADE ORDERS

(EUR/USD) Current
Trade Unrealized
Projected
Order No. Positions Lot Size Profit/Loss Profit/Loss
Trend Type Uptrend Multiplier = +1 (SELL ONLY) @ 1.21503 TP: 1.18203
1 1.19257 0.08 (179.68) 84.32
Trade Size 100,000 2 1.19502 0.08 (160.08) 103.92
Margin / Lot 3 1.19578 0.11 (211.75) 151.25
Leverage 1:1000 100 € 4 1.19821 0.15 (252.30) 242.70
5 1.19933 0.20 (314.00) 346.00
Set User-Defined 500% 6 1.20465 0.27 (280.26) 610.74
Warning Margin
Level 7 1.20726 0.37 (287.49) 933.51
8 1.20947 0.50 (278.00) 1372.00
9 1.21125 0.68 (257.04) 1986.96
10 1.21183 0.92 (294.40) 2741.60
11 1.21248 1.25 (318.75) 3806.25

Note: Editable Fields are those with Green

background.

Totals 4.61 -$2,833.75 $12,379.25

* For uptrends, encode only the SELL orders since it is assumed that all BUY
orders will hit T/P price before reaching the Critical Level.
The Balance needs to be updated once other trades closes.

CURRENT VALUES Current Values Unrealized Profit / Loss Estimated Free Margin

Balance $4,115.43 - 2,833.75 724.38

Margin 557.30 Equity Estimated Margin Level (%)

Current ASK Price Level 1.21503 1,281.68 230%

CURRENT STATUS
If you have existing BUY orders, the
Current Drawdown 68.9% @ 1.21503 price level Critical Level may move a little
farther away due to addt'l profits
when it hits T/P.
User-Defined Warning Level 1.21177 Warning Level Already Reached!
Allow margin of error of ±2 pips
Margin Call Price Level 1.21660 ML = 100% ; 86.5% DD ; 16 pips to go due to rounding-off of the margin
per lot & other values.
- dionie
Stop Out Price Level 1.21757 ML = 20% ; 97.3% DD ; 25 pips to go

ADD FUNDS
0% 9.7% of Balance 24.3% 51.0% 75.3% 99.6%
Funds to be Added NONE $400 $1,000 $2,100 $3,100 $4,100

New Margin Call Price Level 1.21660 1.21747 1.21877 1.22116 1.22333 1.22550
New Stop Out Price Level 1.21757 1.21844 1.21974 1.22212 1.22429 1.22646
moved by +87 pts +217 pts +456 pts +672 pts +889 pts

Status at Current Price Level (1.21503) After Adding Funds:

New Margin Level (%) 230.0% 301.8% 409.4% 606.8% 786.2% 965.7%
New Drawdown 68.9% 62.8% 55.4% 45.6% 39.3% 34.5%

CUT LOSS SCENARIO

To-be
Order No. Stop Loss Trade Order
Lot Size Realized Profit
(See Table) Position Position
/ Loss
1 1.21600 1.19257 0.08 -$187.44
Select Order Nos. found in the table 2 1.21600 1.19502 0.08 -$167.84
above for trades to be closed and specify
at what price level will it be closed in the 3 1.21600 1.19578 0.11 -$222.42
column "SL Position".

After Cut Loss Totals 0.27 -$577.70

New Margin Call Price Level 1.21671 moved by 11 pts. After Cut Loss & No Funds Added
New Stop Out Price Level 1.21768 New Balance $3,537.73
24.3% of Balance 51.0% New Total Lot Size 4.34
Further Add New Funds $1,000 $2,100 New Margin 524.66
@ 120.9 / LOT
New Margin Call Price Level 1.21902 1.22155
New Stop Out Price Level 1.21999 1.22252

Disclosure: This spreadsheet is just a product of research on leverage & margin and the compilation of various basic formulas used in
forex. Utmost care was exercised to provide a more accurate information, but let it be known that the author has very
limited forex trading experience and the validation process done was not that extensive due to lack of data sets. The
author takes no responsibility whatsoever for any trade losses incurred resulting from its direct or indirect use. Please use
this at your own discretion.