Jump to content
  • 0

EA Lot calculator issue


Mercator

Question

The Lot calculator in the trade manager I have added to my MT4 platform seems only to calculate lot quantity, whereas others using the same utility can see calculation results in terms of value ( £s and pence ) per pip.  I have tried everything I can to sort this out, and consulted others, but haven't been able to resolve the issue.  Can anyone help, please ?

Link to comment

2 answers to this question

Recommended Posts

  • 0
On 25/08/2023 at 10:15, Mercator said:

The Lot calculator in the trade manager I have added to my MT4 platform seems only to calculate lot quantity, whereas others using the same utility can see calculation results in terms of value ( £s and pence ) per pip.  I have tried everything I can to sort this out, and consulted others, but haven't been able to resolve the issue.  Can anyone help, please ?

It is possible to reverse calculate lot value in the base currency of the account if you have access to the source code of the EA. Do you?

As for the math, see https://www.ig.com/en/trading-strategies/what-is-a-lot-in-forex-and-how-do-you-calculate-the-lot-size--210312

Edited by JohnnyRy
Link to comment
  • 0

Compliments of ChatGPT (or as I like to call it... SkyNet🤖:

Certainly, let's calculate the value of 2 standard lots of GBPJPY:

Exchange rate of GBPJPY: 184.83
Exchange rate of USDJPY: 145.84
Number of GBP (2 standard lots): 200,000 (100,000 GBP per standard lot * 2 standard lots)

Value in JPY = 200,000 GBP * 184.83 (GBPJPY exchange rate) = 36,966,000 JPY

Now, let's convert the JPY amount to USD using the USDJPY exchange rate:

Value in USD = 36,966,000 JPY / 145.84 (USDJPY exchange rate) ≈ $253,242.24 USD

So, with 2 standard lots of GBPJPY, a GBPJPY exchange rate of 184.83, and a USDJPY exchange rate of 145.84, the value would be approximately $253,242.24 USD.

Edited by JohnnyRy
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

    • The P2E ecosystem has always been both fun and rewarding and that world is about to welcome a game-changer in Animalia's ANIM token. With my portfolio of playing all kinds of games and recently the P2E genre, I will say Animalia is a mix of Axie Infinity and Pokemon, with a dash of Dogecoin thrown in for good measure. Animalia is a captivating new game that blends meme-tastic creatures, strategic card battles, and the power of blockchain technology. And at the heart of this ecosystem lies the ANIM token, ready to unlock a world of possibilities. With an affordable initial market cap and a bull market launch, Animalia wants everyone to join the fun. Competitors like Axie Infinity and Gods Unchained have paved the way, but Animalia brings its own unique blend of humor, education, and community focus. It's not just about battling, with Animalia you can collect unique cards, own a piece of the game, and participate in shaping its future through governance rights. Animalia also raises awareness about endangered species and the importance of animal conservation. I have to say I Animalia have done a good job with the graphics of the game albeit a card game. I saw an opportunity with the first 1,000 users who achieve a spot net buy volume of 100 USDT in ANIM/USDT pairs will receive 56 ANIM each during the current promotion on Bitget until March 1. I like to play but I love to earn too so I'm heading over! What are your thoughts about Animalia? Are you going to be an early bird to get you share of the ANIM worm?
    • Hey everyone! I want to play free games that use NFTs in a fun way. GameFi is getting big lately with new ways to play and earn. Does anyone know of games where you can start playing for free, but they still use NFTs in a cool way? Maybe with animal or crypto cards... We know NFTs can make games more fun instead of just seeming like a money grab.  Specifically, I'm looking for games that: - Are really fun even if you don't spend money - Have an active community of players  - Are on major platforms like Bitget etc. - Let you collect rare NFTs just by playing that are worth keeping - Have developers who are involved and keeping the game fresh or have partnerships that will help it last Let me know if you've tried any games that fit what I described above. I'm open to exploring new projects in my spare time.
    • I'm intrigued by NADA Protocol's vision of integrating blockchain technology into the gaming experience. The prospect of owning and trading in-game items through NFTs adds an exciting dimension to gameplay, offering real rewards and enhancing immersion. The marketplace controlled by the NADA token seems promising, providing a platform for users to engage in trading activities within the gaming ecosystem. I'm optimistic about NADA's potential to carve a niche for itself in the competitive gaming world, especially with its focus on creating a fun and economically rewarding gaming environment. Looking forward to exploring this new gaming frontier!
×
×
  • Create New...
us