Wednesday, August 11, 2010

Forex Set and Forget on Tadawulfx?

A customer contacted me today because his Forex Set and Forget was trying to place trades of 0.00 lots on his Tadawulfx account. It was a mystery to me but once I signed up for a demo account and ran MT4, the problem became obvious. It seems...

Tadawulfx has a minimum trade size of 0.05 standard lots. The templates I provide with Forex Set and Forget use a minimum trade size of 0.01 lots on accounts that allow micro-lots. The solution, then, is to adjust two parameters:
minTradeSize=0.05
scaleDivisor=1500
Then make sure you have at least $1500 in your account and you should be good to go.

An alternative is to simply use the templates made for "standard" accounts and deposit at least $3000 in the account.

But my suggestion to everyone is to use a broker who allows micro lots. I use Forex Place and a few others for both live and demo trading. Forex Set and Forget is optimized for Forex Place, but will work on any broker that has similar spreads to Forex Place.

No comments: