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How to code a "buy 1 lot (forex)" in EL
Updated September 16, 2012
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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
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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
Trading: Fx
Posts: 49 since Jun 2010
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Arich
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
Experience: Beginner
Platform: -
Trading: -
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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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