Leverage for each symbol - page 2

[Alain Verleyen]

Petr Nosek:
The broker was e.g. Purple Trading. But the relation are always right at all of my brokers.

Thanks.

In this case the Margin calc mode must be 1 (CFD) , right?

Yes.

[Alain Verleyen]

Petr Nosek:

Leverage relations among:

1. Margin calc mode
2. Margin percentage
3. Contract size
   

by my research are:

Margin calc mode	Leverage
0 - Forex	100 / MarginPercentage
1 - CFD	1 / MarginPercentage
2 - ???    My brokers don't have such a symbol with 2 as Margin calc mode	???
3 - CFD-Index	1 / (MarginPercentage * ContractSize)
4 - CFD-Leverage	100 / MarginPercentage

But unfortunately we can't get the value of Margin Percentage by MQL4 function.

And what are we doing when Forex symbol's return 3 ? :-D

[Petr Nosek]

Alain Verleyen:
 Yes.

thank you for confirmation

[Petr Nosek]

Alain Verleyen:

And what are we doing when Forex symbol's return 3 ? :-D

Then we are in trouble :D

Have you ever encountered with this?  UPDATE: I've seen your picture.

[Petr Nosek]

Alain Verleyen:

And what are we doing when Forex symbol's return 3 ? :-D

OK then it is as usual: we can't rely on anything. ;-)

[Alain Verleyen]

Petr Nosek:
OK then it is as usual: we can't rely on anything. ;-)

It's what I thought, I was surprised by your confidence.

[Petr Nosek]

Alain Verleyen:
It's what I thought, I was surprised by your confidence.

I understand you, I'm too naive :D

[Petr Nosek]

Even though as we agreed with Alain that we can't rely on anything, I've written code for finding out a leverage for a specific symbol. Feel free to use it but don't forget that you should use it on your own risk. I've set the array possibleLeverage (in the function GetPossibleSymbolLeverage) to my own need (ESMA) and it's easy to change it. The code works for my needs very well. If you find a bug or have some suggestions let me know.

UPDATE: see the next post

[Petr Nosek]

I've slightly updated my code in order to find out by it if Tick Value is in account currency or in margin currency. This solution works for me perfectly but if you want to use it you should check if it works with your broker's data too.

[[Deleted]]

Hello,

I expect from MetaQuotes Software Corp. team, add new Account Properties (like: expanding of  AccountInfoInteger() or AccountInfoDouble()) concerning the detail info about Leverage for each Symbol. EA traders need it very much, because of new ESMA rules. Now the Identifier (ACCOUNT_LEVERAGE_ of ENUM_ACCOUNT_INFO_INTEGER in   AccountInfoInteger() is useless.

Old Forex Trader