[ Unresolved ] Is that a BUG in MT4 demo account or I am the BUG??
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Assume my margin is 1:1 ( I am using 1:1 because it makes the question easier to follow)
GBP/USD = 1.63020
Then I calculate how much I can buy:
100,000/1.63020=61342
Since lot size is 100,000
So I can only buy lot size 0.6
So in this trade, I used 97812USD to buy which is valid to the information in the order terminal in MT4
The margin shown in the order terminal is 97812
BUT if I trade with EUR/USD
EUR/USD = 1.49139
Then I see how much I can buy:
100,000/1.49139=67064
So I can only buy lot size 0.6
So in this trade, I expected I used 89483 to buy but in the order terminal, I only used 60000USD?
IS there any wrong concept or calculation problem? How do you calculate when placing order?
In other words, if I want I want to buy one lot of currencies:
Buying 1 lot of EUR/USD means that the lot is worth 100.000 €
Buying 1 lot of GBP/USD means that the lot is worth 100.000£
Buying 1 lot of USD/JPY means that the lot is worth 100.000$
If we can buy 1 lot of EUR/USD, that clearly must mean that we have at least an amount in our account, in whatever currency, that corresponds to 100.000€
But with start deposit of 100 000 USD account, I am able to execute one lot of EUR/USD but not GBP/USD, so I guess there is a bug in EUR/USD in the demo account?
For other currencies it works just like it should, but not with EURUSD. It behaves as if the pair was USDEUR instead of EURUSD.
It shouldn't be possible to trade 1 lot EURUSD with an account balance of 100.000$, but it is!
Anyone notice that? or I made a mistake?
Does it happen in the live account? or just the demo one?
See if it happens to you in your demo account too!?
I used 100100USD so the position wont close once it drop below 100%