While trading spot forex on LMAX how do I enter a micro lot ($1000) order via chart trader?
It seems the chart trader order entry for LMAX is in number of contracts, so order of 1 means 1 contract that $10,000. The chart trader will not allow 0.1 in the size entry.
This behaviour is different to trading on MB Trading where the size entry refers to the actual dollar size of the lot, so 1000 means $1000 lot. Is there any way to standardize this so it's not confusing when you are connected to multiple brokers at the same time?
Also again the instrument definition for LMAX instruments does not work out of the box. You have to change the big value for the number of ticks to display correctly in the PnL window.
LMAX order entry [SOLVED]
- JoshM
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Re: LMAX order entry
That true. If you want to trade fractional lots, you'll have to do that manually through the LMAX web-interface. You can pop-out an order ticket/box with their website, so you can place it alongside MultiCharts, but yes, it's far from perfect.While trading spot forex on LMAX how do I enter a micro lot ($1000) order via chart trader?
It seems the chart trader order entry for LMAX is in number of contracts, so order of 1 means 1 contract that $10,000. The chart trader will not allow 0.1 in the size entry.
Not that I'm aware off. Perhaps an overfill protection for the Chart Trader would be a good idea.This behaviour is different to trading on MB Trading where the size entry refers to the actual dollar size of the lot, so 1000 means $1000 lot. Is there any way to standardize this so it's not confusing when you are connected to multiple brokers at the same time?
Re: LMAX order entry
That true. If you want to trade fractional lots, you'll have to do that manually through the LMAX web-interface. You can pop-out an order ticket/box with their website, so you can place it alongside MultiCharts, but yes, it's far from perfect.While trading spot forex on LMAX how do I enter a micro lot ($1000) order via chart trader?
It seems the chart trader order entry for LMAX is in number of contracts, so order of 1 means 1 contract that $10,000. The chart trader will not allow 0.1 in the size entry.
Not that I'm aware off. Perhaps an overfill protection for the Chart Trader would be a good idea.This behaviour is different to trading on MB Trading where the size entry refers to the actual dollar size of the lot, so 1000 means $1000 lot. Is there any way to standardize this so it's not confusing when you are connected to multiple brokers at the same time?
Thanks for the answers Josh.
@Multicharts Team - Any plans to remove this limitation on LMAX order entry?
- Henry MultiСharts
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- JoshM
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Re: LMAX order entry
I'm also looking forward to such an improvement. Please remove this limitation from MultiCharts.
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- JoshM
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Re: LMAX order entry
@Multicharts Team - Any plans to remove this limitation on LMAX order entry?
Henry, can you give an update on this 'consideration'? Can this be expected to be implemented in the near future (<= 6 months)?We are considering such improvement.
LMAX themselves were a little evasive of my yes/no question about this:
Will fractional lots become available for auto trading through MultiCharts?
Quite diplomatic, but not very informative.Currently the minimum trade that can be made and will be reflected on MultiCharts is 1 LMAX contract (10,000 notional). Micro lots are not currently available on LMAX MultiCharts.
- Henry MultiСharts
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Re: LMAX order entry
Josh, it will be implemented in the nearest future, expected in less then 6 months.Henry, can you give an update on this 'consideration'? Can this be expected to be implemented in the near future (<= 6 months)?
- JoshM
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Re: LMAX order entry
That's great! Thanks MultiCharts.Josh, it will be implemented in the nearest future, expected in less then 6 months.Henry, can you give an update on this 'consideration'? Can this be expected to be implemented in the near future (<= 6 months)?