Jump to content

Will an MT4 script recognise the difference between buying fx lots and spread betting bet sizes ?


Recommended Posts

I am just wondering if i use a purchased  MT4 script or EA to trade FX on my MT4 "spreadbetting" account which bets @ 1 pound or 2 pounds a point rather than the usual 0.1 or 0.2 "FX lots" , will the script recognize this and  successfully place a trade ?

asking because FX lots are usually USD and we can bet in pounds in the UK, if we choose  .

1 = buying 100,000 of the currency in FX lots ( 10 dollars for every pip movement )

where 1 = only 10,000 notional value in spreadbetting ( 1 gbp / dollar for every pip movement )

also asking because there I noticed  a stark difference in the numerical format of gbp/usd on FX versus spreadbetting . the decimal point is in a completely different place 1686735165_ScreenShot2021-02-17at5_28_42PM.png.a59aa462b91645cb171e22209f8bdcae.pngspread bet amount is 13849   for GBPUSD

 

where as 1378029930_ScreenShot2021-02-17at5_28_09PM.png.66b38b7b24fa0010812435b366a1dab8.png FX is 1.3849 for GBPUSD

 

and theres obviously betting in GBP rather than USD ( or jpy etc etc ) , which surely must get mentioned somewhere in the script

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • This is not an acceptable explanation for me unfortunately, I am fully aware of the need to move spreads and I had accounted for that. Especially at the open of a market, but your spread was totally unreasonable the spread on DEC contracts is already at 130pip standard, to increase it to 400pips and hold it there even after 5 mins of trading. As my execution was a 09:06 the main market volatility had already been accounted for.   So disappointing after 6years being a customer and on a profitable trade as well: 
    • Dear @MB1470, Thank you for your post. Please note that dealing spreads on shares are subject to variation, especially in volatile market conditions or other unusual circumstances.  Market spreads can widen significantly, particularly at the beginning and end of the trading day, and minimum spreads may exist. Thanks, KoketsoIG
    • This morning at the market open on NOVO DEC contracts. On Spread Bet.    the spread moved from 138pips to close to 400 pips? How can this be reasonable the candle is only displayed on a 15-2min time period not on smaller periods. At market open 09:00 ????? How is this even remotely reasonable?     
×
×
  • Create New...
us