Does the python proggram and mt5 platform must be in one PC itself? Or Can I just connect and trade through my account with python program, without loging in or not using mt5 platform?
Does this mean that the 40 pip stop loss is where you are risking losing no more than 5% of your account value? So for example if I have $1000 then my stoploss at 40 pips would be the equivalent of losing $50 am I correct?