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Date/Time: Sat, 18 May 2024 18:03:03 +0000

Post From: Currency value per tick configuration

[2017-07-04 12:04:40] Link To Thread - Link To Post [Go To First Post]
grantx - Posts: 244
I have read through your help files but do not understand how to configure forex trading correctly. Please give me one example on how to set it to £1 per pip. So I can figure out how to do the rest of the currency crosses myself. GBPJPY I have set: Tick size = 0.01. Currency value per tick = 1 So as I understand it, the above settings should make it £1 per pip. Before I enter a trade, I select quantity = 1. When you look at the screenshot you will see that I got into a trade and the chart showed me 3.00C profit (£3). However, when I close the trade, the software then tells me that my DPL is only 0.03C (£0.03). What is going on? How do I correctly configure SierraChart for forex?


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