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Forex strategy contract sizes

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    Forex strategy contract sizes

    Hi,

    Hopefully this is a simple question.

    Does the quantity value in the entry orders refer to a dollar value or number of contracts. It would be easier to work in multiple of contracts as things get tricky when the base currency changes between the pairs.

    At the moment i'm using the following syntax

    EnterLongLimit(20000, breakoutPrice, "Scaleout Entry");

    Is it possible to enter a forex order in a strategy by using contracts rather than a currency value?

    Not sure if its relevant but i'm using the GAIN demo account for back testing.

    Thanks in advance for your help.

    Tim

    #2
    Hi Tim, it refers to the currency value, in your example this would be like 2 minilots or a fifth normal lot (100K). Unfortunately this cannot be changed, but thanks for the suggestion.

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