Cant enter orders for forex below 100k?

Questions about MultiCharts and user contributed studies.
greenroomhoo
Posts: 62
Joined: 03 Nov 2011
Has thanked: 12 times
Been thanked: 2 times

Cant enter orders for forex below 100k?

Postby greenroomhoo » 12 Jan 2012

I am afraid to ask but i cannot figure out how to enter smaller thank 100k lots.

NW27
Posts: 177
Joined: 25 Dec 2010
Has thanked: 40 times
Been thanked: 83 times

Re: Cant enter orders for forex below 100k?

Postby NW27 » 12 Jan 2012

We need a little bit more information than that.

1. Where can't you MC or Broker?

2. What broker are you using?

3. What datafeed are you using?

4. How are you trying to create the order?

Neil.

greenroomhoo
Posts: 62
Joined: 03 Nov 2011
Has thanked: 12 times
Been thanked: 2 times

Re: Cant enter orders for forex below 100k?

Postby greenroomhoo » 12 Jan 2012

interactive b
i just looked at the DOM or chart trader and saw that i could only enter 1 lot, which i assume to be a full 100k (did not want to test it to find out).

dont really see any way to enter amount (like .1 mm or .05 mm) etc.

sptrader
Posts: 638
Joined: 09 Apr 2010
Location: Colorado
Has thanked: 401 times
Been thanked: 238 times
Contact:

Re: Cant enter orders for forex below 100k?

Postby sptrader » 12 Jan 2012

greenroomhoo wrote:interactive b
i just looked at the DOM or chart trader and saw that i could only enter 1 lot, which i assume to be a full 100k (did not want to test it to find out).

dont really see any way to enter amount (like .1 mm or .05 mm) etc.


*******************************************************************
Try it with IB's "simulated" trading account, it's free and great for testing and getting everything setup.. they will set one up for you, if you don't have one, just ask them for it..

NW27
Posts: 177
Joined: 25 Dec 2010
Has thanked: 40 times
Been thanked: 83 times

Re: Cant enter orders for forex below 100k?

Postby NW27 » 12 Jan 2012

I'm currently using the IB sim account for doing some forex testing.
I'm using 100,000 lot size. whick =$10/pip.
Neil.
These users thanked the author NW27 for the post:
greenroomhoo

greenroomhoo
Posts: 62
Joined: 03 Nov 2011
Has thanked: 12 times
Been thanked: 2 times

Re: Cant enter orders for forex below 100k?

Postby greenroomhoo » 13 Jan 2012

thanks for the response. But do you know if you can enter a trade for 20k, instead of 100k using multicharts? I cant find a way to do it...

mengelbrecht
Posts: 4
Joined: 17 Sep 2010
Been thanked: 1 time

Re: Cant enter orders for forex below 100k?

Postby mengelbrecht » 13 Jan 2012

Hi I am using MC & IB as you :-)
1 lot is 1 whatever you trade e.g. eurusd 1 lot equals 1€. 1 lot is NOT as stated 100K. If you want to trade 50K - enter 50000 in the ordre entry window or the dome and it will buy or sell 50K.

enjoy

rgds mengelbrecht
These users thanked the author mengelbrecht for the post:
greenroomhoo

greenroomhoo
Posts: 62
Joined: 03 Nov 2011
Has thanked: 12 times
Been thanked: 2 times

Re: Cant enter orders for forex below 100k?

Postby greenroomhoo » 13 Jan 2012

THANKS!!!!!!!!!!!

i knew it was just a bonehead thing on my part.


Return to “MultiCharts”