If my account is in USD and I am trading EUR/GBP how can I pull the GBP/USD exchange rate required for the calculation? Is there a way this can be done with using a sub chart?
$50 risk on 20 pips EUR/GBP.
The first part of the position size calculation is determining the current GBP/USD exchange rate - and that is where I am stuck. The rest of the calculation I can handle. If anyone has any advice that would greatly appreciated.
Position Sizing for Currency Crosses
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ScottishSpeculator
- Posts: 47
- Joined: 03 Jan 2023
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Re: Position Sizing for Currency Crosses
Another trader , I think you can use convert_currency function see link. I read
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https://t.me/+h8iTLItDWGAxNGY0
https://www.multicharts.com/trading-sof ... t_currency
Also if your interested I am trying to set up a telegram group/ maybe discord in which people new to MC can share strategy code or come together to upvote ideas and get them build by professional for super cheap per person. See below seems you new and could be interested.
https://t.me/+h8iTLItDWGAxNGY0
https://www.multicharts.com/trading-sof ... t_currency