Setting up currencies

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steveshutts
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Joined: Wed Apr 18, 2007 3:09 am
Location: London

Setting up currencies

#1 Postby steveshutts » Fri Apr 27, 2007 8:28 am

I have set up all my currencies but just wondered what i need to enter for the Lot column. Different currency pairs will have different tick values per lot, ie for USD/JPY 1 lot of 100,000 will equate to $8.4 per tick, and GBP/USD is $10. How do i set these variables within Forex Tester?
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Terranin
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Re: Setting up currencies

#2 Postby Terranin » Fri Apr 27, 2007 10:32 am

steveshutts wrote:I have set up all my currencies but just wondered what i need to enter for the Lot column. Different currency pairs will have different tick values per lot, ie for USD/JPY 1 lot of 100,000 will equate to $8.4 per tick, and GBP/USD is $10. How do i set these variables within Forex Tester?


You enter the 100,000 for example. This is the cost of 1 lot in base currency. For GBPUSD it will mean that 1 lot costs 100,000 GBP, that means that 1 point will cost 1 USD. For USDJPY 1 lot 100,000 USD, that means that 1 point will cost ~ 8.4. It will be calculated automatically, you just need to set 1 lot price.
Hasta la vista
Mike
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