insignificant
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Posts posted by insignificant
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Hello,
I'm trying to figure out the Margin Required to create a BUY position on EUR/USD with my base currency in AUD.
However - I really don't know how to get the calculation right, can you please help?
Please see the attached screenshot EURUSD_1.png and EURUSD_2.png:
- Size: 5
- Contract Size: EUR 10,000
- Price: 1.12208 (EUR/USD)
- Value of one point: USD 1
- Margin: 0.5%
- Margin Required (USD): US$108.01
My calculation:
QuoteMargin Required = Size * Contract * Price * Margin
= 5 * 10,000 * 1.12208 * 0.5%
= 280.52 (far from US$108.01)
I understand to get the Margin Required in AUD - it would require currency conversion from USD to AUD.
However - I cannot even get the calculation right for the Margin Required (USD) : USD108.01.
Can anyone help me how to get that figure (ie. USD108.01)?
Below is more information about EURUSD mini pair. (if it helps).
Please let me know
Thank you
Quote{ "instrument": { "epic": "CS.D.EURUSD.MINI.IP", "expiry": "-", "name": "EUR/USD Mini", "forceOpenAllowed": true, "stopsLimitsAllowed": true, "lotSize": 1.0, "unit": "CONTRACTS", "type": "CURRENCIES", "controlledRiskAllowed": true, "streamingPricesAvailable": true, "marketId": "EURUSD", "currencies": [{ "code": "USD", "symbol": "$", "baseExchangeRate": 0.68841, "exchangeRate": 0.66, "isDefault": false }], "sprintMarketsMinimumExpiryTime": null, "sprintMarketsMaximumExpiryTime": null, "marginDepositBands": [{ "min": 0, "max": 115, "margin": 0.5, "currency": "USD" }, { "min": 115, "max": 1150, "margin": 1, "currency": "USD" }, { "min": 1150, "max": 1725, "margin": 3, "currency": "USD" }, { "min": 1725, "max": null, "margin": 15, "currency": "USD" }], "marginFactor": 0.5, "marginFactorUnit": "PERCENTAGE", "slippageFactor": { "unit": "pct", "value": 50.0 }, "limitedRiskPremium": { "value": 1.08, "unit": "POINTS" }, "openingHours": null, "expiryDetails": null, "rolloverDetails": null, "newsCode": "EUR=", "chartCode": "EURUSD", "country": null, "valueOfOnePip": "1.00", "onePipMeans": "0.0001 USD/EUR", "contractSize": "10000", "specialInfo": ["DEFAULT KNOCK OUT LEVEL DISTANCE", "MIN KNOCK OUT LEVEL DISTANCE", "MAX KNOCK OUT LEVEL DISTANCE"] }, "dealingRules": { "minStepDistance": { "unit": "POINTS", "value": 5.0 }, "minDealSize": { "unit": "POINTS", "value": 1.0 }, "minControlledRiskStopDistance": { "unit": "POINTS", "value": 5.0 }, "minNormalStopOrLimitDistance": { "unit": "POINTS", "value": 2.0 }, "maxStopOrLimitDistance": { "unit": "PERCENTAGE", "value": 75.0 }, "marketOrderPreference": "AVAILABLE_DEFAULT_OFF", "trailingStopsPreference": "AVAILABLE" }, "snapshot": { "marketStatus": "TRADEABLE", "netChange": 0.00034, "percentageChange": 0.03, "updateTime": "03:06:40", "delayTime": 0, "bid": 1.12205, "offer": 1.12211, "high": 1.12247, "low": 1.12079, "binaryOdds": null, "decimalPlacesFactor": 5, "scalingFactor": 10000, "controlledRiskExtraSpread": 2 } }
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Hi IG Support,
I'm currently developing a monitoring tools for the price using REST API.
I have couple of questions that really confused me in constructing the formula/algorithm:
- I have been comparing price in the IG Web Platform and Android Platform versus the REST API Companion. I found some inconsistencies, for example at some points in Web/Android platform to calculate the Mid HIGHEST price, the formula is as follow: ROUND_DOWN((Bid + Ask)/2); However, on the same timeframe at some points the Mid LOWEST price formula is as follow: ROUND_UP((Bid + Ask)/2). Please see my attached screenshot for more details. This brought me to a question as how to calculate the Mid value of a candle in the Web/Android Platform, let's say (Bid + Ask)/2 = 107.01235, so should it get rounded up becoming 107.013 or rounded down becoming 107.012?
- Issue number 1 somehow screws my Stochastic Oscillator calculation due to inconsistencies and differences in couple of N candles. Does IG have an API to call the Stoch value at some point of time?
- Did I calculate point 1 above incorrectly? What's the correct formula to get the accurate price at certain point? I was using the GET/prices - is that correct? Is my method correct?
Please see my screenshot for more detailed information 🙏
Thank you!
Margin Calculation on EUR/USD with AUD base currency
in New Client Trading Questions
Posted
I found the answer.
If you see the first screenshot.. at the bottom it says "Resulting Position +3" while the size = 5.
This was because I had an open position on the same pair. Therefore it ruins the basic calculation.
All solved now.