How much is 1.00 Volume on West Texas Oil in MT4?

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Elixium
70
Elixium  

Hi.

With regards to the West Texas Oil / WTICOUSD trading symbol.
In the Oanda MT4 Client, in the New Order Dialog Box.
How much is 1.00 Volume position size equivalent to in Cash?
If someone also knows of a calculator for figuring out how much volume is equivalent in position/cash size for all the symbols that would be great as well.

https://i.imgur.com/dROzR1k.png
Screenshot of the dialog box.


Thanks.
Keith Watford
Moderator
20375
Keith Watford  
Elixium:

Hi.

With regards to the West Texas Oil / WTICOUSD trading symbol.
In the Oanda MT4 Client, in the New Order Dialog Box.
How much is 1.00 Volume position size equivalent to in Cash?
If someone also knows of a calculator for figuring out how much volume is equivalent in position/cash size for all the symbols that would be great as well.

https://i.imgur.com/dROzR1k.png
Screenshot of the dialog box.


Thanks.

Click on View, then symbols and select the symbol. Click on properties and you will see the contract size.

Elixium
70
Elixium  
Keith Watford:

Click on View, then symbols and select the symbol. Click on properties and you will see the contract size.

Great. thanks.
Elixium
70
Elixium  
Keith Watford:

Click on View, then symbols and select the symbol. Click on properties and you will see the contract size.


I need some more info about this. It says 100 Contract Size is that for 1.00 Volume or 0.01 Volume?

Is that in USD? My account balance is in GBP.
Elixium
70
Elixium  

If the contract size is 100. Does that mean 100 x e.g. $55 for Oil.

So 1.00 Volume is e.g. $5500 of oil?

Keith Watford
Moderator
20375
Keith Watford  
Elixium:

If the contract size is 100. Does that mean 100 x e.g. $55 for Oil.

So 1.00 Volume is e.g. $5500 of oil?

Yes

Elixium
70
Elixium  
Keith Watford:

Yes

Great. Thanks.

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