Round lots vs decimal lots (forex lot size)

• 02/21/2017 at 10:47 AM #25841
  GraHal

  Hi Pips

  I’m intrigued, can you buy at £1.40 on a manual trade? Do you mean 1.4 Lot / Contract size? If Yes, then that is because Contracts are in multiples of 1?

  I may have misread your question, but above are my first thoughts based on what you said. If you want to explain further than we may be bale to help. Please can you give an example with price, ticker etc?

  Cheers
  GraHal

  

  GraHal

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  02/21/2017 at 10:51 AM #25847
  pips_103

  Hi GraHal,

  To clarify, I am trading Forex on IG (spread bet), with PRT 10.3

  Yes manually on PRT you can have any amount ie £1.40, but with PRT Auto trading only whole integer numbers are valid. (so Buy 1.40 lots at market becomes 1.00)

  Unless there is another way ?

   

  

  pips_103

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  02/21/2017 at 11:04 AM #25852
  GraHal

  Ah you do mean 1.4 Lots which is £1.4 per point because IG convert all prices on Spreabetting so the ‘Point Value’ is £1 per point.

  PRT is set up to be used in all markets – CFDs, Futures, Equities, Commodities etc – where one would not buy fractional lots sizes, but would use ‘mini and micro contracts’.

  You say … my strategy needs to buy at £1.40 … what happens if your strategy buys @ £1 per point or £2 per point?

  

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  02/21/2017 at 11:12 AM #25858
  pips_103

  If if Buy at £1 or £2 my strategy doesn’t work, If i apply my strategy manually it works well, but i want to auto trade it, so am looking at moving to MT4 as I know its not an issue there.

  Its a shame as i have used PRT for 2 years and like it. (plus I don’t really want to learn the different coding for MT4 platform), but i cant see any other option or way around this at the moment.

  

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  02/21/2017 at 11:29 AM #25864
  Eric

  if you size up to 14 it should work?

   

  

  Eric

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  02/21/2017 at 11:36 AM #25866
  pips_103

  Yes true, but don’t want to trade £14 per point, but your right in theory that would work.

  

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  02/21/2017 at 12:24 PM #25883
  Eric

  the best thing would be to change the minimum lot size to 0.1 (same as in metatrader)

  that would open up a lot of other strategies using compunding avering up and down, and it would be easier to try out new tradingsystems live instead of demo

  i would try pathfinder live (and other with variable lot size) for sure if the min lot size was 0.1

  but this is something to take up with IG https://community.ig.com/

  

  Eric

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  02/21/2017 at 12:35 PM #25884
  Eric

  and easier to use diversification with smaller lot size

  http://www.investopedia.com/articles/financial-theory/09/uncorrelated-assets-diversification.asp#axzz1dgzOuyIo

  

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  02/21/2017 at 1:18 PM #25892
  GraHal

  I’m well intrigued now, you sure your strategy is robust? If it works well at £1.40 per point, but not make successful £1 or £2 per point?

  Apologies (curiosity be the death of me! :)) but might you consider posting your strategy, not on this thread, but on a separate thread (put a link to it on this thread) then maybe members could offer alternative coding that may make success at different Lot size?

  Just an idea for your benefit, oh and to satisfy my curiosity … I hope to learn something new.

  Cheers
  GraHal

  

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