I have detected a broker which has the TickValue for EURUSD with basecurrency USD 0.0001 and they stick stating that this value is correct. I am quite sure it should be 1.000. I would appreciate some comments about this. Regarding my experience TickValue is beeing used on PL calculations from EAs and having a 0.0001 as TickValue will cause that EAs enter much bigger risks then they should, this may even cause bankruptcy and many EAs will not work because they would calculate the LotSize alot bigger then broker allows.
Some comments are appreciated, so i oversee something
I think you are correct . . .
MODE_TICKVALUE | 16 | Tick value in the deposit currency. |
What TICKVALUE do they have for other XXXUSD pairs ? they should all be 1.00
I have detected a broker which has the TickValue for EURUSD with basecurrency USD 0.0001 and they stick stating that this value is correct. I am quite sure it should be 1.000. I would appreciate some comments about this. Regarding my experience TickValue is beeing used on PL calculations from EAs and having a 0.0001 as TickValue will cause that EAs enter much bigger risks then they should, this may even cause bankruptcy and many EAs will not work because they would calculate the LotSize alot bigger then broker allows.
Some comments are appreciated, so i oversee something