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Babak Alamdar  

Min Contract


Different brokers may have different contract sizes for this symbol, as shown in the screenshot.

The minimum lot and minimum lot step may also differ between brokers.


Lot 0.01 with a contract size of 1000 is equivalent to lot 0.1 for a contract size of 100.

The settings set a trading lot of 0.01 for every 500 units of balance, which is recommended for a contract size of 1000 and the account currency in dollars or euros.

Due to the setting Consider_CONTRACT_SIZE = true, the trading lot is automatically recalculated at the rate of 0.01 for every 50 balance units for a broker with a contract size of 100.

Thus, with the Consider_CONTRACT_SIZE parameter enabled, you don't have to figure out the size of the contract. If you want to reduce the risks, simply increase the Funds_for_0,01_of_Lots parameter.

The current trading lot is displayed on the chart to which the Expert is attached.


If the account currency is different from the dollar or euro, then the Funds_for_0,01_of_Lots parameter must be changed proportionally. For example, JPY is about 154 times cheaper than USD, then the recommended Funds_for_0.01_of_Lots is calculated as follows: 500*154 = 77000 (0.01 lots for every 77000 JPY balance).

Babak Alamdar  

An example of a trade made with FPM running on two charts last week, one for scalping and one for swing trading


You will get on average two to three trades per week with Brent Oil, and there are no hiccups

hoblermathias  
Babak Alamdar #:

An example of a trade made with FPM running on two charts last week, one for scalping and one for swing trading


You will get on average two to three trades per week with Brent Oil, and there are no hiccups

Will you publish the account as signal too?

Babak Alamdar  
hoblermathias #:

Will you publish the account as signal too?

Hi, Thanks for choosing Brent oil! of course I will :)

I've been trading strategies manually for a long time, and Brent Oil as an EA came out recently, and I'm working on creating signals with different brokers and adding them to the products.

Anders Tsang  

Hi Babak,


My broker is having 3 digits for Brent Oil. Will your EA recognize and work with that?
Babak Alamdar  
Anders Tsang #:

Hi Babak,


My broker is having 3 digits for Brent Oil. Will your EA recognize and work with that?

Hi Anders, Thanks for choosing Brent Oil, yes, of course! 

Babak Alamdar  

Brent Oil recent trade ICMarkets


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FPMarkets 


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Babak Alamdar  
ICM sells a minimum lot of 0.5 for Brent Oil (100 contracts) and FPM 0.01 for 1000 contracts so you need your initial deposit 5 times greater with ICM, which means better to start a minimum of 500 USD with FPM or other brokers 0.01 for 1000 contracts or 0.1 for 100 contracts (as explained in the EA comment thread) and 2500 USD with a ICMarkets or other brokers who have 0.5 for 100 contracts (However I only saw ICM with 0.5 starting :)
Trung John  
Babak Alamdar #:
ICM sells a minimum lot of 0.5 for Brent Oil (100 contracts) and FPM 0.01 for 1000 contracts so you need your initial deposit 5 times greater with ICM, which means better to start a minimum of 500 USD with FPM or other brokers 0.01 for 1000 contracts or 0.1 for 100 contracts (as explained in the EA comment thread) and 2500 USD with a ICMarkets or other brokers who have 0.5 for 100 contracts (However I only saw ICM with 0.5 starting :)

First positive trade. Tks

Babak Alamdar  
Trung John #:

First positive trade. Tks

Hi Trung, We appreciate you sharing your first experience with Brent Oil and thank you for choosing it :)

Oliver Werner Graf  
Hi there! I see that you've given us set files. Thanks for that. According to the set file, the "only-up", which I surmise to be long positions, is set to true. You would not recommend taking short trades with your EA?
Babak Alamdar  
Hi Oliver, Thanks for choosing Brent Oil! "only-up" is about your money management and will round your deposit. for example with 0.01/500 if your deposit is 1000 USD your lot size will be 0.02! if your SL hit your next order should be 0.01 because you have lower than 1000 USD! by "only-up" your next trade will remain on 0.02 lot :)
Oliver Werner Graf  
Babak Alamdar #:
Hi Oliver, Thanks for choosing Brent Oil! "only-up" is about your money management and will round your deposit. for example with 0.01/500 if your deposit is 1000 USD your lot size will be 0.02! if your SL hit your next order should be 0.01 because you have lower than 1000 USD! by "only-up" your next trade will remain on 0.02 lot :)

Many thanks for clarifying! Have a good week!

Babak Alamdar  
Oliver Werner Graf #:

Many thanks for clarifying! Have a good week!

Anytime, Oliver :) you too

Babak Alamdar  

aas


Hello everyone, as some of you asking about Brent Oil swing trading: please keep in mind that the concept of swing trading is larger TP and SL based on many factors like trends, volatility and ATR, you may have a floating order between 1 hour to several days! that's why we developed scalping to help swing trading when Oil market is slow, if you don't feel confident with it can use only scalping! Since yesterday we have had 130~140 pips profit with both strategies and around 20 pips floating negative with Swing trading now, so if you don't like to have a floating order can cut it now, still, you are in profit :)

Babak Alamdar  

Using my both EAs as a combo in one account :)


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