lots-pips calculator
Hello PTMC team
It would be great to have added to platform functionality the ability of when entering orders to be able to calculate the "per pip" value of a certain lot size for the trade, the way FXCM's little gadget does, pictured.
So when you click the chart to enter an order, a box comes up that shows the amount(k) and what that proposed (k) amount is worth in account-currency per pip.
No mental calculation required, just click and go.
Also right click entry orders could do with being un-nested from right click menu, then new etc, just go straight to it in right click so get in without dithering, my 2 cents.
That means it is already in the first right click menu and not a further scroll over.
Only way I trade using this gizmo and will be lost without it.
regards
and thanks for the great work you guys do
Robert
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cedsobey 1
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Williams Chris 09.09.2016Hi kaspo999,
Thanks for using Protrader. I believe Protrader has what you want. Please see the following image.
Here, you can see the value of the tick (or what people incorrectly call the micropip). This is the EUR/USD, so 10 lots are worth $100 per pip and $10 for tick.
Also, you can see what you stand to win or lose in monetary value and percentages.
Protrader also offers other data too. Getting access is easy. Open up an order ticket and click on the margin text.
Happy trading!
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Williams Chris 09.09.2016
Well, it looks like it doesn't work for FXCM. I demonstrated this on another demo account.
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Williams Chris 12.09.2016
Not sure if you can. I just gained access to this data in Protrader demo account. Just open up a ticket and click on margin to expand the window.
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Goncalo Botelho 06.12.2016I'm trading with oanda and I don't get the margin text as well on the top right of the order entry menu,
Picking up on this context, another thing that would be helpful is an option to set the amount as a % of the available funds. Very often on oanda I open trades with pre-defined % , say 0.8% of the 'account net asset value', thus the number of units required is automatically calculated. Very useful and time-saving since the number of units available changes from instrument to instrument.
