AFAIK, Standard Lot=1, Mini=0.1 and Micro=0.01, which translate to $10,$1 and 10-cents per (Pip/tick/move/whatever) in that order. Why would you want to trade for Pennies? I want to deposit the minimum amount of money in order just to test my EA on real account. If it will show success then i will consider increasing the lots as well as investing more money. Firebird EA Signals : Ask & want to At XM we offer both Micro and Standard Accounts that can match the needs of novice and experienced traders with flexible trading conditions and leverage up to 888:1. We offer a range of over 55 currency pairs and CFDs on precious metals, energies and equity indices with the most competitive spreads and with the no rejection of orders and re-quotes execution of XM. 1 MICRO lot represents 1000 units of currency. Pip Value = 0.0001 x Units x Quote currency rate (GBPUSD). Example: You have a 5000 USD account and go long 25 000 EURGBP (.25 lots): Pip Value = 0.0001 x Units x GBPUSD Pip Value = 0.0001 x 25 000 x GBPUSD Pip Value = $2.50 x 1.4350 Pip Value = $3.59. If we used the above example but with an AUD account, we could either divide the final USD The same analogy applies to the micro lot and nano lot. From our discussion so far, it follows that one mini lot is equivalent to 0.1 Lot (standard lot), while one micro lot is equivalent to 0.01 Lot. In the same vein, one nano lot will be equivalent to 0.001 Lot. You have not provided sufficient context for your question, as this may apply to Lot Size or to a price change on a chart. Later on, when Forex market opened for traders with smaller capital, a mini and even a micro lot became available. Calculating 1 pip value for different currency pairs. You may see that the smallest lot is a micro lot (1,000 units of a base currency, it is often referred to as 1K). You can trade 1 000, 2 000, 3 000 or 124 000 units so long as it can be multiplied by 1K. Each 1K is referred to Micro accounts are based on the Market-maker model, i.e. there is no direct access to the Forex market (interbank market), as a broker (dealing center) makes a market for its clients. A company becomes a liquidity provider that quotes both a buy and a sell price in a financial instrument. Traders' deals are executed in an instant manner: an instant execution order is one that’s executed at The Micro-Lot account is set when you open the account at the broker level. Hello, sorry for being so late to reply... In fact the problem seems to be that CMoneyFixedLot is not designed for micro-lots account. but I don't know where I should set that mimal lot is 0.01 (and not 0.1 !) Kind regards. Sebastien. DLL Initialization Mq4 Broker With Max 10points 3.mq4. New comment You are missing
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