Multi Charts & Forex Newby Q

Questions about MultiCharts and user contributed studies.
willwill7
Posts: 29
Joined: 15 Jun 2008

Multi Charts & Forex Newby Q

Postby willwill7 » 21 Sep 2008

I'm a futures trader new to Forex - so not a smart question, but just want to be sure I have this correct. :oops:

For trading one EURUSD contract I put 100000 under Dollar Amount to trade for back-testing purposes.
Is this correct?

Also, (if the above is correct) I'd assume you would also put 100000 under Dollar Amount to trade for trading "live" with Multi Charts and IB, if you were trying to trade one contract like above?

Thanks!

brodnicki steven
Posts: 407
Joined: 01 Jan 2008
Been thanked: 3 times

Postby brodnicki steven » 21 Sep 2008

$100,000 = $10/pip

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Marina Pashkova
Posts: 2758
Joined: 27 Jul 2007

Re: Multi Charts & Forex Newby Q

Postby Marina Pashkova » 25 Sep 2008

I'm a futures trader new to Forex - so not a smart question, but just want to be sure I have this correct. :oops:

For trading one EURUSD contract I put 100000 under Dollar Amount to trade for back-testing purposes.
Is this correct?

Also, (if the above is correct) I'd assume you would also put 100000 under Dollar Amount to trade for trading "live" with Multi Charts and IB, if you were trying to trade one contract like above?

Thanks!


Hi willwill7,

To trade one EURUSD contract, in the strategy properties set the Fixed Contracts/Shares value to 100000. This applies both to backtesting and auto trading.

Best regards.


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