# volume vs lots and how many.

12

Hi,

I need some help.  Due to the company I used for trading is now pulling out of the US (FXCM), I'm forced to find a something different.  So, I'm looking at MQL5 and I was wondering if someone could point me in the right direction.  On FXCM, It showed me how many lots I potentially was buying.  I'm trying to do something similar on MQL5 but I'm a little confused as to what my used margin is going to be and also how many lots I'm buying.

I'm assuming the "volume" is the number of lots I can buy but I need to know if it's in 100k amounts or is it the actual number.  For example, I have a order in for EUR/JPY and the volume is 150.  Does that mean 150,000 lots on MQL5 or does it mean 150 lots?  On FXCM, it was in 100k amounts (see below for what FXCM showed me).  Please note that account number is a demo account.... :-)

Thank you for any assistance!

Moderator
107776

Moderator
107776

And this is the MT5 user manual:

Moderator
107776

And those are the links (short part of the article) which is more related to your question for example:

Placing an Order and General Parameters

Moderator
8636

ms252:

Hi,

I need some help.  Due to the company I used for trading is now pulling out of the US (FXCM), I'm forced to find a something different.  So, I'm looking at MQL5 and I was wondering if someone could point me in the right direction.  On FXCM, It showed me how many lots I potentially was buying.  I'm trying to do something similar on MQL5 but I'm a little confused as to what my used margin is going to be and also how many lots I'm buying.

I'm assuming the "volume" is the number of lots I can buy but I need to know if it's in 100k amounts or is it the actual number.  For example, I have a order in for EUR/JPY and the volume is 150.  Does that mean 150,000 lots on MQL5 or does it mean 150 lots?  On FXCM, it was in 100k amounts (see below for what FXCM showed me).  Please note that account number is a demo account.... :-)

Thank you for any assistance!

150K must be 150000, so its 1,50 Lot.

100000 in forex is 1 lot.

12

Thank you for all your assistance.  I appreciate it.