StopLoss is ?? is it a price ? or is it a number of pips ?
I think your calculation is wrong also . . . try risk/(SL in pips * tickvalue)
what is wrong with my code to open orders of a lot size based on what I want to risk.
seems nothing wrong. Your sl= 50, correct?
Leverages (whatever their ratios are does not mattter) only directly affect margins calc, nothing to do with tick/pip values, thus, lotting/sizing, as far as I know. ???
double PointValuePerLot(string pair="") { /* Value in account currency of a Point of Symbol. * In tester I had a sale: open=1.35883 close=1.35736 (0.00147) * gain$=97.32/6.62 lots/147 points=$0.10/point or $1.00/pip. * IBFX demo/mini EURUSD TICKVALUE=0.1 MAXLOT=50 LOTSIZE=10,000 * IBFX demo/standard EURUSD TICKVALUE=1.0 MAXLOT=50 LOTSIZE=100,000 * $1.00/point or $10.00/pip. * * https://forum.mql4.com/33975 CB: MODE_TICKSIZE will usually return the * same value as MODE_POINT (or Point for the current symbol), however, an * example of where to use MODE_TICKSIZE would be as part of a ratio with * MODE_TICKVALUE when performing money management calculations which need * to take account of the pair and the account currency. The reason I use * this ratio is that although TV and TS may constantly be returned as * something like 7.00 and 0.00001 respectively, I've seen this * (intermittently) change to 14.00 and 0.00002 respectively (just example * tick values to illustrate). * https://forum.mql4.com/43064#515262 zzuegg reports for non-currency DE30: * MarketInfo(Symbol(),MODE_TICKSIZE) returns 0.5 * MarketInfo(Symbol(),MODE_DIGITS) return 1 * Point = 0.1 * Prices to open must be a multiple of ticksize */ if (pair == "") pair = Symbol(); return( MarketInfo(pair, MODE_TICKVALUE) / MarketInfo(pair, MODE_TICKSIZE) ); // Not Point. }
StopLoss is ?? is it a price ? or is it a number of pips ?
I think your calculation is wrong also . . . try risk/(SL in pips * tickvalue)
my stoploss is # of pips
my stoploss is # of pips
Excuse my ignorance. I still dont understand. My broker is FxPro. This is the conversation I had with them
For example
Kim: 0.10 lots of GBP/USD with a leverage of 1:50
Kim: will require $311.59 to open a trade
Kim: 1 lot of GBP/USD with a leverage of 1:50 will require $3,115.68
Kim: You can use the margin calculator in the following link
Kim: http://www.fxpro.com/forex-tools
Kim: to calculate this.
If 1 lot of GBPUSD requires $3115.68, How is my code correct buy 4 lots with $2000 with 50:1 leverage?
Excuse my ignorance. I still dont understand. My broker is FxPro. This is the conversation I had with them
For example
Kim: 0.10 lots of GBP/USD with a leverage of 1:50
Kim: will require $311.59 to open a trade
Kim: 1 lot of GBP/USD with a leverage of 1:50 will require $3,115.68
Kim: You can use the margin calculator in the following link
Kim: http://www.fxpro.com/forex-tools
Kim: to calculate this.
If 1 lot of GBPUSD requires $3115.68, How is my code correct buy 4 lots with $2000 with 50:1 leverage?
1) In the first place, you should have asked that 'Kim' for such a question (minus the code). ......You: "can I possibly buy you 4 lots with 50:1 leverage via account XXXXX? " and see how Kim settles that one out.
If Kim have told you:
2)"Yes". Chances are its not the codes. It's probably your understanding of the business principles behind trade & risk.
3) If Kim said "No", than there is something wrong. Awfully wrong. Maybe it's Kim...
1) In the first place, you should have asked that 'Kim' for such a question (minus the code). ......You: "can I possibly buy you 4 lots with 50:1 leverage via account XXXXX? " and see how Kim settles that one out.
If Kim have told you:
2)"Yes". Chances are its not the codes. It's probably your understanding of the business principles behind trade & risk.
3) If Kim said "No", than there is something wrong. Awfully wrong. Maybe it's Kim...
I did ask kim and this is how she responded
You are now chatting with 'Kim', May i have your FxPro account number please?
Kim: Hello, how may I assist you?
you: how much GBPUSD lots will $2000 usd buy
Kim: To determine the required margin to place a trade,
Kim: you also need to check your account leverage
you: my leverage is 50:1
Kim: For example
Kim: 0.10 lots of GBP/USD with a leverage of 1:50
Kim: will require $311.59 to open a trade
Kim: 1 lot of GBP/USD with a leverage of 1:50 will require $3,115.68
Kim: You can use the margin calculator in the following link
Kim: http://www.fxpro.com/forex-tools
Kim: to calculate this
you: thanks
Kim: you are most welcome
you: thats all I needed
Kim: please come back anytime you require assistance
Kim: Thank you for chatting, bye for now.
Chat session has been terminated by the site operator.
How can I possibly buy 4 lots with $2000.00 USD
I did ask kim and this is how she responded
You are now chatting with 'Kim', May i have your FxPro account number please?
Kim: Hello, how may I assist you?
you: how much GBPUSD lots will $2000 usd buy
Kim: To determine the required margin to place a trade,
Kim: you also need to check your account leverage
you: my leverage is 50:1
Kim: For example
Kim: 0.10 lots of GBP/USD with a leverage of 1:50
Kim: will require $311.59 to open a trade
Kim: 1 lot of GBP/USD with a leverage of 1:50 will require $3,115.68
Kim: You can use the margin calculator in the following link
Kim: http://www.fxpro.com/forex-tools
Kim: to calculate this
you: thanks
Kim: you are most welcome
you: thats all I needed
Kim: please come back anytime you require assistance
Kim: Thank you for chatting, bye for now.
Chat session has been terminated by the site operator.
How can I possibly buy 4 lots with $2000.00 USD
This was NOT what I suggest between YOU & KIM. I said you should ask him, rather her, this: "can I possibly buy you 4 lots with 50:1 leverage via account XXXXX? "
Did I or did not suggest that?
Why on earth did you ask her, "how much GBPUSD lots will $2000 usd buy" ???????
What do you expect her to do? Of course, you get that from her, "You can use your own margin calculator". So, are you happy with that?
Look, with all due respect to you, I have to say, I really cant be of much help if you choose this sort of way/approach with Kim. For she can only respond, the way you hook her up with correct/incorrect questions, in the first place or the next opportunity.
Hope you understand and respect from my perspectives, (probably that of Kim as well).
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what is wrong with my code to open orders of a lot size based on what I want to risk.