Interesting, but I'm curious to know which impact has this, if you don't use the "recommended" pip steps (I don't know how to name this).
IB use 1/2 pips, MBT 1/10 pips. What price will be printed when you are connected with MBT, and use 1/2 pip for example ?
1.31115 = 1.3112 or 1.3111 ???
And aren't there other "side effects", not using the recommended "pip step" ?
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Iím assuming that by ďauto tradeĒ you mean integrate with NT. If Iíve misunderstood please clarify.
It is my understanding (of course, someone please correct me if Iím wrong) that when you trade mini-lots (i.e. 10,000) you are looking at roughly £1 (or $1) per pip; that is roughly. It really depends on the price of the currencies.
PFG Best support integration with NT for Forex. I am also told that MB do as well. See the linked thread above where Iíve asked a related question previously.
In conversations with TD Ameritrade they suggested they will have support for micro-lots with their Forex trading platform. However, it does not integrate with NT for Forex. To my knowledge you can only trade Shares (again, someone using that broker might want to clarify Ė they might support Futures as well).
I have arrived at the end of the trail with NT/IB autotraded FX minilots, NT development has just informed me that they have dropped support for this exchange/lot size as its too deep into the NT7 release, and its in their suggestions bin but dont expect any changes anytime soon.
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