A newbie...
I read an advisor service and they posted there results.
In a month based on one contract per currency there returns were
GBP/USD 272 pips
USD/CHF 206 pips
Ok fine, so what this in MONEY terms, whats is it GBP for GBP/USD and USD for USD/CHF, is it 10 per pip of...
Concerning the EURUSD...
1 Contract/lot = $100,000 of BASE
ie EURUSD 1 lot is $100,000 euros, or @1.3225 rate $75614 USD
The BASE is the FIRST PART OF PAIR, thats EUR of EURUSD
A pip/point is worth 0.0001 of $100,000 euros or $10 euros.
Concerning the USDJPY
1 Contract/lot =...
TWS used to have a pop a box confirming that you wish to transmit a order. It was a controlled in the settings area..
Does this still exist, if so how do you turn it back on.
Please advise
What about the Debt interest portion of trade, how do you handle that ?
Entering order via the TWS > View > Account screen, I assume included the debt interest part of the trade.
The Trade example at IB web site says nothing about this trick !
Futher to my education on this thread..
http://www.elitetrader.com/vb/showthread.php?s=&threadid=64007&perpage=6&highlight=digs&pagenumber=3
I recently did this trade in IDEAL PRO with margin of 50:1
SHORT GBPUSD @ 1.7710
TWS => SELL Underlying 262000 GBP
To exited the position I...
Finally IB Chat was useful..
When you select a cross rate in TWS IDEAL PRO
Cross rate UnderLying
GBPUSD GBP
JPYUSD USD
The QTY you load into the TWS to trade in the BID/ASK area is the Underlying value...no matter what you see in the QTYs in the Bid and ask...
Assume IB account is in base USD
When you load into TWS,
If you trade GBP, you are loading the GBP amount, when you trade JPY you load the JPY amount ( hence you are not loading the USA amount )
Correct ?
Ok I am stuck
SAY I BUY USDJPY at 117.75
And my max loss of USD dollars is to be only $10,000 usd to my account
And my stop loss was to be placed at 117.00
Question : How much YEN can I buy ? Or what the f**k do I load into TWS in the QTY screen....
I tried to trade USDJPY today
First trade via IDEAL PRP for this cross
rate 117.75
I wanted to buy 4000 QTY via TWS it said may trade was under $25000 mimimum order...
How 25000/117.75 = 212 minimum order, I thought
4000 USDJY margin is 30:1 so needs $16k in my account..
What...
Its all fixed, my error
IB said....
Please login to your account management menu go to trading access / market data subscription.
There you probably will see that Ideal Pro is already ticked. You now just need to update the system.
You can do this by clicking on Continue on the bottom on...
Time New York : Tuesday, 24 January 2006 02:33:
Still no Quotes...
I thought I could trade forex via IB IDEAL PRO at least 23.5 hours a day...
What am I missing ?
Time New York : Monday, 23 January 2006 22:19:00
I went to my web trader , I have permission for market data.
NO QUOTES, any one else..
is this normal ??
GBPUSD
CADUSD
AUDUSD
EURUSD
Ok I think I finally understand IB IDEAL PRO Forex service.
I want to make sure I trade the correct DOLLAR amounts value of the forex GBPUSD ( price 1.7683) with margin at 50:1.
So if I wanted to trade a total value of GBPUSD with margin $300,000 every time.
GBPUSD Value : $300,000...