How to control lot site with autotrading
Hi,
I'm wondering whether any of you could help me with the lot settings? Is there a way to set a simple multiple for the lot sizes traded?
Example: System trades with 0.01, 0.02, and 0.03 lot sizes on EURUSD. Now I want to simply set it to 10 times of this: 0.1, 0.2, and 0.3? How do I do that?
I tried the "% of provider lot setting", but it doesn't work, it always trades with the old small lot sizes.
Thanks
Ulrik
Rick,
Signal provider which you are following have approx. $2200 balance in his account and you have allocated 200$ for strategy and set the ration % to 600% from signal provider. Signal provider usually opens trades with 0.01 lot size; therefore, trade size for your account will be 0.006 lots when using 600% multiplier. As there is no 0.006 in MT4, you will be receiving the minimum available size of 0.01 lot.
Summary:
When using "% of provider's lot" setting for strategy, resulting lot size calculation is based on balance of signal provider and allocated funds for of signal follower. If the result below your available min lot size in the MT4, you will receive the smallest lot size offered by your broker in the MT4.
We hope the above answer help you in setting up your parameters the way you like.
The FxStat Team
FxStat, Power to traders www.FxStat.com