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How to code a "buy 1 lot (forex)" in EL


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How to code a "buy 1 lot (forex)" in EL

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  #1 (permalink)
Springfield, Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: EUR/USD
 
Posts: 28 since Sep 2012
Thanks: 29 given, 5 received

Hello,

I'm in the process of coding my strategy in EL so that I can backtest/automate it.
I'm wondering how I need to go about entering a forex position with one lot size (100000) on the open of a bar.

Would it look something like this:

Buy ("EnterLong") 1 lot next bar at market;

or am I looking at it wrong? It's not a contract, is it...? I'm stumped.

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  #2 (permalink)
Nuremberg, Germany
 
Experience: None
Platform: MultiCharts
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Arich View Post
Hello,

I'm in the process of coding my strategy in EL so that I can backtest/automate it.
I'm wondering how I need to go about entering a forex position with one lot size (100000) on the open of a bar.

Would it look something like this:

Buy ("EnterLong") 1 lot next bar at market;

or am I looking at it wrong? It's not a contract, is it...? I'm stumped.

With MB Trading:

Buy ("EnterLong") 100000 Contract Next Bar Market;

Checkout the Wiki: MultiCharts

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  #3 (permalink)
near Paris, France
 
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Posts: 1,071 since Aug 2011
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Hi,

@swz168 implied it but this is something to be checked with your broker.
For instance, with LMAX, a size of 100,000 corresponds to 10 contracts (to be checked).
It is advised to check this carefully in SIM before going live with real money.

Nicolas

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Last Updated on September 16, 2012


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