Newbie in forex. What does the volume indicator in MT4 mean? I saw something like 4, 20, 100 etc. Does it mean a full 100,000 units contract?
For instance, 4 volume EUR/USD means 400,000 units of EUR?
Thanks in advance.
I see. Thanks forexcoder.
That volume is only for that particular broker only? Because when i try to compare metatrader from two different brokers, both show different volume at the same period.
I am getting less, MA(1000)->86, and i am heaving drops to 4 and less ticks/minute. Not to mention that the bars with 0 volume are hidden.
Thanks WHRoeder and forexcoder.
I have attached a picture of my question. That volume 8 that I
am getting, what does that mean?
I am more used to futures, where if you have a larger volume in
an inactive market, you may get "slippage" in your order. I am wondering does that happen in Forex. Say, if I use a one-click order (market order) to buy 1,000,000
units of EUR/USD at 1.4300, would I occasionally get something like 500,000 units get done at
1.4300 and another 500,000 units at 1.4301.
Thanks again for your kind assistance. :)
...would I get something like 500,000 get done at 1.4300 and another 500,000 units at 1.4301....
From what I hear, partial fulls depends on the broker. Usually however you'll get all or nothing filled at 1.4300 or 1.4301 because of the slippage.
Volume of 8 on a M1 chart means that the price has changes 8 times. 'No more no less.
Partial fills as described in your post i know only happen with one broker, and afaik only with pending orders, if you send market orders you will get all or nothing, as ubzen said.
By increasing the maximal allowed slippage you will increase the chance of a fill, but you might get a worse price.