Calculating shares on forex market (binance spot)

Hello,

I have a some trouble calculating the right share/contracts to buy on forex market.
It is such a simple problem that I am a little ashamed, but at least I hope it is quick to solve.

I am using a strategy on binance spot market and I need to calculate how much share of crypto i have to buy.
Example: I want to buy 100$ of "Y" coin. Y/$ change is 2,00.
How many contracts I have to buy?

I first used this formula:

buy ((100/Price)/bigpointvalue) shares next bar at...
Where price in this case is 2.
Doing simulation everything works fine, in trade list there is nothing strange.
BUT this formula doesn't work in the real world, the order was always rejected by Binance. So Multicharts support suggested me the following formula.

buy (100*Price*bigpointvalue) shares next bar at.....
I tested in a simulation, but it buy too much contracts...

I set on Quote Manager Binance as Data Source.

What I am doing wrong?
What forula should I use?


Thank you so much!
Federico

Hi,
you can try :
buy 100/(Price*bigpointvalue) shares next bar at
regard,
MJ

Hi,
you can try :
buy 100/(Price*bigpointvalue) shares next bar at
regard,
MJ

Hello Mick,

I am sorry if i reply only now, but I had to wait a real trading input.
I tried your solution, but it is not working. I always had this message:

Status: Rejected; Reason: Minimum trade volume = 10,00000000. Price: 0,7492 * Quantity: 13,00000000 = 9,739600000000


Any other tips?

Thank you so much,
Fede

Minimum trade value on binance is 10USDT. Your order worth is less than 10usdt thats why your order is rejected.

Minimum trade value on binance is 10USDT. Your order worth is less than 10usdt thats why your order is rejected.

Oook, thank you for your reply. My intent was to buy 100 USDT... What kind of formula should I use?

Thank you so much,
Freddy