Currency Conversion for Non-Forex Pairs e.g. CFD or Stock etc

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Dear all,

In reference to this tutorial at https://www.youtube.com/watch?v=TAzM5Vd9nLs where I need to convert Symbol values into my accounts currency.

I am looking to resolve the following:

  • How can I know (programmatically) the currency of a non forex Symbol say UK100, GER40 or XAUUSD ...!
  • I have seen Margin Currency and Profit Currency in Brokers terminal, how can I access these value?
  • Once I know the currency of this symbol, how can I convert investment in it to my account currency.
  • In tutorial it is mentioned TICK_VALUE(GBP) or TICK_VALUE(USD) but I could not found any such functions in MQL.
  • Correct me if my logic for this TICK_VALUE(GBP) = SymbolInfoDouble(GBPUSD, SYMBOL_TRADE_TICK_VALUE) is wrong ... as GBP is base currency in this pair

I have tried to look on the forum, but could not found a solution, though some articles were on the same topic.

Looking forward to hear back from experts.

 

Forum on trading, automated trading systems and testing trading strategies

P&L calculation formula for different traded assets

Fernando Carreiro, 2023.05.04 14:53

I suggest reading up on the following two MQL5 trade functions ...

OrderCalcMargin

Calculates the margin required for the specified order type, in the deposit currency

OrderCalcProfit

Calculates the profit based on the parameters passed, in the deposit currency

They calculate the margin and the profit/loss respectively, adjusting automatically for the asset type, making it unnecessary to calculate it manually using the methods you have described.

They do however, not include Commission or Swaps. Those are only provided after the fact and are accessible via other functionality — Documentation on MQL5: Trade Functions

 
Fernando Carreiro #:

Thanks @Fernando Carreiro for a super quick reply. I will explore your suggestion.

Additionally, I just come across code from one of the tutorials as below

string BaseCurrency() { return ( AccountInfoString( ACCOUNT_CURRENCY ) ); }
double Point( string symbol ) { return ( SymbolInfoDouble(vQSymbolC , SYMBOL_POINT ) ); }
double TickSize( string symbol ) { return ( SymbolInfoDouble( vQSymbolC , SYMBOL_TRADE_TICK_SIZE ) ); }
double TickValue( string symbol ) { return ( SymbolInfoDouble( vQSymbolC , SYMBOL_TRADE_TICK_VALUE ) ); }

                double pointValue = PointValue( vQSymbolC );

when running it, I found that it returns the Exchange Rate .... which can than be used to multiply.

2023.05.04 20:09:23.719 RiskValue (US30,D1)     Account Currency[USD] and Quote Symbol is [GBPUSD]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     tickSize=0.000010, tickValue=1.000000, point=0.000010, ticksPerPoint=1.000000, pointValue=1.000000
2023.05.04 20:09:23.719 RiskValue (US30,D1)     ExchangeRate(ValuePerPoint) for QuoteSymbol[GBPUSD] to BaseCurrency[USD][1.00000]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     TradeRisk(RiskAmount)[USD][45.00] for trading LotSize[0.60] of QuoteSymbol[GBPUSD] with risk of [75.0] points
2023.05.04 20:09:23.719 RiskValue (US30,D1)     StopLoss(RiskInSLPoints)[166] for trading[GBPUSD] LotSize[0.60] placing USD[100.00] at risk
2023.05.04 20:09:23.719 RiskValue (US30,D1)     OptimumLotSize[2.00] for Risk of [GBPUSD][100.00] and StopLoss Points[50.00000]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     Account Currency[USD] and Quote Symbol is [EURGBP]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     tickSize=0.000010, tickValue=1.258540, point=0.000010, ticksPerPoint=1.000000, pointValue=1.258540
2023.05.04 20:09:23.719 RiskValue (US30,D1)     ExchangeRate(ValuePerPoint) for QuoteSymbol[EURGBP] to BaseCurrency[USD][1.25854]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     TradeRisk(RiskAmount)[USD][56.63] for trading LotSize[0.60] of QuoteSymbol[EURGBP] with risk of [75.0] points
2023.05.04 20:09:23.719 RiskValue (US30,D1)     StopLoss(RiskInSLPoints)[132] for trading[EURGBP] LotSize[0.60] placing USD[100.00] at risk
2023.05.04 20:09:23.719 RiskValue (US30,D1)     OptimumLotSize[1.59] for Risk of [EURGBP][100.00] and StopLoss Points[50.00000]

2023.05.04 20:09:23.719 RiskValue (US30,D1)     Account Currency[USD] and Quote Symbol is [UK100]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     tickSize=0.100000, tickValue=0.125854, point=0.100000, ticksPerPoint=1.000000, pointValue=0.125854
2023.05.04 20:09:23.719 RiskValue (US30,D1)     ExchangeRate(ValuePerPoint) for QuoteSymbol[UK100] to BaseCurrency[USD][0.12585]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     TradeRisk(RiskAmount)[USD][5.66] for trading LotSize[0.60] of QuoteSymbol[UK100] with risk of [75.0] points
2023.05.04 20:09:23.719 RiskValue (US30,D1)     StopLoss(RiskInSLPoints)[1324] for trading[UK100] LotSize[0.60] placing USD[100.00] at risk
2023.05.04 20:09:23.719 RiskValue (US30,D1)     OptimumLotSize[15.89] for Risk of [UK100][100.00] and StopLoss Points[50.00000]

2023.05.04 20:09:23.719 RiskValue (US30,D1)     Account Currency[USD] and Quote Symbol is [GER40]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     tickSize=0.100000, tickValue=0.110270, point=0.100000, ticksPerPoint=1.000000, pointValue=0.110270
2023.05.04 20:09:23.719 RiskValue (US30,D1)     ExchangeRate(ValuePerPoint) for QuoteSymbol[GER40] to BaseCurrency[USD][0.11027]
2023.05.04 20:09:23.719 RiskValue (US30,D1)     TradeRisk(RiskAmount)[USD][4.96] for trading LotSize[0.60] of QuoteSymbol[GER40] with risk of [75.0] points
2023.05.04 20:09:23.719 RiskValue (US30,D1)     StopLoss(RiskInSLPoints)[1511] for trading[GER40] LotSize[0.60] placing USD[100.00] at risk
2023.05.04 20:09:23.719 RiskValue (US30,D1)     OptimumLotSize[18.14] for Risk of [GER40][100.00] and StopLoss Points[50.00000]

I did checked these exchange rates on Xe Currency Converter App and results seems to be almost same.

Can I use this also as right approach to convert my currencies and with OrderCalcProfit() ...

 
Fernando Carreiro #:
@Fernando Carreiro


Hi Fernando, it seems you took my question "

  • I have seen Margin Currency and Profit Currency in Brokers terminal, how can I access these value?

in a different direction

What I meant was that can I use this methods to find currency of Traded Symbol e.g. GER40 (DAX40) which my broker's terminal says Margin Currency and Profit Currency EUR.

 
Anil Varma #:
@Fernando Carreiro


Hi Fernando, it seems you took my question "

  • I have seen Margin Currency and Profit Currency in Brokers terminal, how can I access these value?

in a different direction

What I meant was that can I use this methods to find currency of Traded Symbol e.g. GER40 (DAX40) which my broker's terminal says Margin Currency and Profit Currency EUR.

For function SymbolInfoString():

ENUM_SYMBOL_INFO_STRING

Identifier

Description

Type

SYMBOL_CURRENCY_BASE

Basic currency of a symbol

string

SYMBOL_CURRENCY_PROFIT

Profit currency

string

SYMBOL_CURRENCY_MARGIN

Margin currency

string

 
Mohammed Abdulwadud Soubra #:

For function SymbolInfoString():

ENUM_SYMBOL_INFO_STRING

Identifier

Description

Type

SYMBOL_CURRENCY_BASE

Basic currency of a symbol

string

SYMBOL_CURRENCY_PROFIT

Profit currency

string

SYMBOL_CURRENCY_MARGIN

Margin currency

string
@Mohammed Abdulwadud Soubra


Thanks Mohammed. Symbol_Currency_Base has helped to solve part of my problem. However the second part, how to covert its value to Account Base currency still remain challenge for me yet.

 
Anil Varma #:
@Mohammed Abdulwadud Soubra


Thanks Mohammed. Symbol_Currency_Base has helped to solve part of my problem. However the second part, how to covert its value to Account Base currency still remain challenge for me yet.

Please stop posting in this section.

This section is about trading system, not about coding unless it's directly related to a trading strategy.

I will move this topic.

 
Topic has been moved to the section: Expert Advisors and Automated Trading
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