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Hi All.
Must say great work, i'll ask a silly question, do u have to load the indicators on the chart for the ea to work or are they built into the ea?
The problem with IBFX is that they use lots differently for standard and mini accounts. With a srandard account 1 lots is 1 standard lot or $1000. With a mini account 1 lot is 1 minilot or $100. FXDD uses 1.0 for standard lots and 0.1 for minilots regardless of account type. Just another reason I left IBFX.
Try turning off money management and enter the number of Lots to use. If you want to use 10% as with the ea you will need to add that as the value.
Robert
So now what I did is MM= false and lots=0.01
I put 50$ as a start for testing, does it have to be 1000$ ?
so far no trades for the mini but I had great results running v1.8 and 2.4 almost 500$ yesterday running on different currency pairs.
if I had any trades on the mini account I will let you know, thanks for the help and support Robert.. we are really lucky to have you here
Quote:
Originally Posted by shaker22a
Hi All.
Must say great work, i'll ask a silly question, do u have to load the indicators on the chart for the ea to work or are they built into the ea?
thnx in advance
Sakaer22a; I don't think you have to, but the indicators must be installed on the indicators folder ... anyhow you wont lose anything by having them on your trading screen, maybe more porcessing on the computer thats all but at least when you have them, you got to see the performance of the EA with the indicators.
I am attaching yesterdays results, overall not bad, I should not be trading different pairs at the same time, but I want to test the EA to the limit... like when you have a car and you want to see how fast it can go.. this is what i do now. the results now does not mean anything .. I am just looking at the entry and exit points of the EA and monitor how it works, and so far its doing a great job,
Mrpip you did a great job
Hello MiniMe,
Change the setting of MarginCutoff to 0. There is a check in the code for AccountMargin < MarginCutoff for both EAs.
Aslo lot size for IBFX for microlots on a mini account is 0.1 not 0.01.
Robert
I just did that on the mini account, as for the standard account i switch to IBFX demo account b4 assian session starts to check if it works with IBFX, and also for the standard account also there is no trade till now. ( I had the EAs on 10 currency pairs - but no trade also )
so also with the standrad account there is the same issue no trades for IBFX accounts
u can open a demo IBFX account and check it also.
Regards,
Alan
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changing the above setting cause a trade on the mini account and the standard account on 1.6 and 1.8 and 2.4,
But what if I want to trade 0.01 on the mini account and not 0.1 cause now with the above setting the trade is 0.1 on the mini account not 0.01 ? what should be done ?
I could be wrong but my understanding is that 0.1 lot on a mini account with IBFX is the same as a microlot with other brokers. That means $10 per lot. 0.1 lots on a standard account is the same as a mini lot or $100 per lot. So maybe 0.01 is a micro lot on a standard account. I call it microlot but some have called it nanolot.
I could be wrong but my understanding is that 0.1 lot on a mini account with IBFX is the same as a microlot with other brokers. That means $10 per lot. 0.1 lots on a standard account is the same as a mini lot or $100 per lot. So maybe 0.01 is a micro lot on a standard account. I call it microlot but some have called it nanolot.
I am also assuming 100:1 leverage.
Robert
here is the default for IBFX mini account :
The lot size is $10,000 in the mini account.
A .01 lot trade would be a lot size of $100 and use .50 in margin.
The leverage is 200:1 in the mini account.
The $10,000 is the amount of currency controlled by 1 mini lot because of leverage. 1 mini lot is $100 from account and 100:1 leverage controls $10,000. That is why a 100 pip movement in the GBPUSD for 1 penny allows you to make 100% profit per lot traded. $100 trade for 1 penny profit is $10,000 * 0.01 for $100 profit.
You might need to check with IBFX to clarify this.
With FXDD trading 1 standard lot is $1000, 1 mini lot is $100. I do not trade smaller lot sizes so am not sure about micro lots but others have said 1 micro lot is $10.
The $10,000 is the amount of currency controlled by 1 mini lot because of leverage. 1 mini lot is $100 from account and 100:1 leverage controls $10,000. That is why a 100 pip movement in the GBPUSD for 1 penny allows you to make 100% profit per lot traded. $100 trade for 1 penny profit is $10,000 * 0.01 for $100 profit.
You might need to check with IBFX to clarify this.
With FXDD trading 1 standard lot is $1000, 1 mini lot is $100. I do not trade smaller lot sizes so am not sure about micro lots but others have said 1 micro lot is $10.
Robert
Robert :
these numbers acutally from Interbankfx
The lot size is $10,000 in the mini account.
A .01 lot trade would be a lot size of $100 and use .50 in margin.
The leverage is 200:1 in the mini account.
Still I am not sure what to do in the setting if I want to trade 0.01 lots
please have a look at this http://www.interbankfx.com/Forex101/...ing_Margin.php
but I had great results running v1.8 and 2.4 almost 500$ yesterday running on different currency pairs.
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