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Contracts conversion
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Created: by no erocla Attachments:0

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Contracts conversion

  #1 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received

Contracts conversion

Hi guys,

if my base currency is in USD (for example) there's a method to do convert entry contracts to this?

For example, if i use:

BUY 100.000 EURUSD

I will buy 100.000 EUR

But i want to buy quantity in Base currency, so, If i want buy 100.000 USD of EURUSD and rate is 1.0672, i have to buy 92.925 EURUSD.

Best Regards
No Erocla

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  #2 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,529 since Apr 2013
Thanks: 230 given, 854 received
Forum Reputation: Legendary

no erocla,

you can check the convert_currency reserved word, this will help you in converting the size to the currency.

Regards,

ABCTG


no erocla View Post
Hi guys,

if my base currency is in USD (for example) there's a method to do convert entry contracts to this?

For example, if i use:

BUY 100.000 EURUSD

I will buy 100.000 EUR

But i want to buy quantity in Base currency, so, If i want buy 100.000 USD of EURUSD and rate is 1.0672, i have to buy 92.925 EURUSD.

Best Regards
No Erocla


Reply With Quote
The following user says Thank You to ABCTG for this post:
 
  #3 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received


Dear ABCTG,

have you noticed that in Forex market with IB Broker, base currency is set as right currency instead of left ?

Regards
No Erocla

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  #4 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,529 since Apr 2013
Thanks: 230 given, 854 received
Forum Reputation: Legendary

no erocla,

I am not sure what you mean by that. If you are saying the base currency needs to be the destination currency with IB when using the "Convert_Currency" reserved word, this might be a bug and if you can reproduce it you should contact Multicharts so they can fix it.

Regards,

ABCTG

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