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Size settings in auto trading


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Size settings in auto trading

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Small Dog's Avatar
 Small Dog 
Sydney NSW Australia
 
Experience: Intermediate
Platform: TradeStation, Oanda
Trading: Forex, index futures
Frequency: Daily
Duration: Days
Posts: 161 since Jun 2020
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I am setting up an automated forex strategy in MultiCharts, my broker is Oanda. I am a little lost how to set the trading size. I am trading AUDNZD and USDJPY. Is it the same as trading manually?

I want to trade one mini - should I put 10000 shares/contracts in the strategy set up window? Same as "units" in Oanda trading window?

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FuManChou's Avatar
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
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Broker: Edge Clear LLC
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I do not trade forex but did mess around with Oanda with a demo account and automated trading. The way I fixed this is to go into QuoteManager and change the Big Point Value field to the values below. The value below will depend on if you trade using micro, mini, or regular lots. See attached image as an example.

Micro Lot = 1,000
Mini Lot = 10,000
Regular Lot = 100,000

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Last Updated on July 14, 2021


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