Traders' Roundtable

I am a FOREX trader. I do not trade anything else so far.

I like TB and its power but ‘am having a few issues to set it up to match my real live account.

1. Account I want to use has balance of $100,000
2. Leverage is 1:100 (actually it can vary - Canadian broker)
3. Time frame I use is 1H (one hour bar).
4. The spread is 2 PIPs for EUR/USD
5. Lot size is standard ( $100,000)

Whatever I do (and I assume I am doing something wrong) it 'blows' my account down to margin call on ANY system I use.
I have also tried using TB leverage = 1 and account Equity = $10,000,000

The results look VERY unrealistic.


I would appreciate ANY help

TB has no built in forex margin limits. I had to make some blocks to limit forex leverage. To play around without fussing with margin limits, set leverage to 1 and starting equity to whatever you have and lot size to whatever you trade.

Or set leverage to 100 and be sure to divide risk per trade % by 100 and use your actual account balance.

Thank you everyone.

It explains all my issues.

Do you know how can I use 1H(hourly) time frame instead of daily bars?

That would be really helpful. Maybe there is a workaround like for leverage?

Thank you in advance for your help.

Suggest searching for "intraday" in the forum and then follow your nose.

Link : viewtopic.php?t=7132&highlight=intraday

Thank you for the hint.

I have been experimenting in the FX area also. I have position sizing handled ok. For updating equity to reflect margin requirements I have been playing with the ' updateOtherExpenses ' function in the orders filled scripts.

Are others using a similar approach? Any thoughts appreciated. Thanks.

Regards

Craig