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

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 spread bet amount is 13849   for GBPUSD

 

where as 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

[EA Tool on Spread Betting Account through MT4]

On 01/06/2020 at 19:10, RH61380 said:

Hi,

I purchased an Expert Advisor tool in MT4 and it isn't working, I have check everything and the only thing left I haven't checked is whether it actually works with my Spread Betting account.

Have you encountered this problem before?

Thanks,

Richard Holden

 

Excellent question . Excellent response !!!!

took the words out of my mouth !!!