NE
neilbarrett10
@neilbarrett10
0 follower(s) 0 following 3 subscription(s)
Topics

neilbarrett10

ExecuteMarketOrder on a GBP per point

cTrader Algo
11 Mar 2022, 16:38
 756
 5

neilbarrett10

Automate on the Web Version

cTrader Web
22 Feb 2022, 17:36
 1230
 2
Replies

neilbarrett10
16 Mar 2022, 10:27

RE: RE:

neilbarrett10 said:

amusleh said:

Hi,

What do you mean by executing market order and buy £10 per point?

For profit/loss calculation you can use symbol Pip/Tick value.

A symbol tick/Pip value gives you one tick/Pip of symbol monetary value in account currency.

If you want to set a £50 stop loss and your account currency is GBP then you can divide 50 to symbol pip value and use the result as stop loss in Pips.

So what he actually wants is to do spread betting, which he currently does in interactive brokers and when he makes a trade he purchases £10 per point, and the interactive broker software allows him to do this. 

So it looks like spread betting is a type of account:- Hedged, Netted or spread_betting. So i believe i can open a spread_betting type of account, using the appropriate broker, but i am still not sure how to place a bet via cTrader Automate, which should be by specifying how much i would like to bet - £10 per point for example. 

@neilbarrett10

neilbarrett10
16 Mar 2022, 10:03

RE:

amusleh said:

Hi,

What do you mean by executing market order and buy £10 per point?

For profit/loss calculation you can use symbol Pip/Tick value.

A symbol tick/Pip value gives you one tick/Pip of symbol monetary value in account currency.

If you want to set a £50 stop loss and your account currency is GBP then you can divide 50 to symbol pip value and use the result as stop loss in Pips.

So what he actually wants is to do spread betting, which he currently does in interactive brokers and when he makes a trade he purchases £10 per point, and the interactive broker software allows him to do this. 

@neilbarrett10
Copyright © 2024 Spotware Systems Ltd. All rights reserved.
The services provided by Spotware Systems Ltd. are not available to citizens or residents of the USA. Neither is the information on our websites directed toward soliciting citizens or residents of the USA.