Different leverage for different currencies?
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How can I convince fxDreema to apply different leverage to the different currencies according to U.S. regulations?
EUR/TRY 8.3:1 . EUR/PLN 20:1 . USD/CZK 20:1 . CAD/CHF 33.3:1
TRY/JPY 8.3:1 . EUR/SGD 20:1 . USD/HKD 20:1 . EUR/AUD 33.3:1
USD/TRY 8.3:1 . GBP/AUD 20:1 . USD/HUF 20:1 . EUR/CHF 33.3:1
USD/MXN 12.5:1 . GBP/CAD 20:1 . USD/PLN 20:1 . EUR/NOK 33.3:1
CHF/ZAR 14.3:1 . GBP/CHF 20:1 . USD/SAR 20:1 . EUR/NZD 33.3:1
EUR/ZAR 14.3:1 . GBP/HKD 20:1 . USD/SGD 20:1 . EUR/SEK 33.3:1
GBP/ZAR 14.3:1 . GBP/JPY 20:1 . USD/THB 20:1 . NZD/CAD 33.3:1
USD/ZAR 14.3:1 . GBP/NZD 20:1 . AUD/JPY 25:1 . NZD/CHF 33.3:1
ZAR/JPY 14.3:1 . GBP/PLN 20:1 . CAD/JPY 25:1 . NZD/USD 33.3:1
AUD/HKD 20:1 . GBP/SGD 20:1 . CHF/JPY 25:1 . USD/CHF 33.3:1
AUD/SGD 20:1 . GBP/USD 20:1 . EUR/JPY 25:1 . USD/NOK 33.3:1
CAD/HKD 20:1 . HKD/JPY 20:1 . NZD/JPY 25:1 . USD/SEK 33.3:1
CAD/SGD 20:1 . NZD/HKD 20:1 . USD/JPY 25:1 . EUR/CAD 50:1
CHF/HKD 20:1 . NZD/SGD 20:1 . AUD/CAD 33.3:1 . EUR/DKK 50:1
EUR/CZK 20:1 . SGD/CHF 20:1 . AUD/CHF 33.3:1 . EUR/USD 50:1
EUR/GBP 20:1 . SGD/HKD 20:1 . AUD/NZD 33.3:1 . USD/CAD 50:1
EUR/HKD 20:1 . SGD/JPY 20:1 . AUD/USD 33.3:1 . USD/DKK 50:1
EUR/HUF 20:1 . USD/CNH 20:1Thanks!
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I don't think that this depends on the EA. If the leverage is say 10:1, you can't convince the broker to open a trade with 20:1 leverage.
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@fxdreema said in Different leverage for different currencies?:
I don't think that this depends on the EA. If the leverage is say 10:1, you can't convince the broker to open a trade with 20:1 leverage.
True. But money management with wrong leverage numbers can make a mess of EA logic. And ruin profit potential. Incorrect risk assessment is pretty serious. Suggesting that an inaccuracy of 100% is trivial is fairly shocking.
Financial software is expected to be accurate. No inaccuracies or accidental doublings allowed, ever.
Frequent trade rejections from your broker due to poor EA math certainly won't help your case should you ever have an issue with that broker's math.
Clean, accurate EAs are golden. Dirty, sloppy EAs are a recipe for disaster. Leaving ANYTHING to chance is just plain wrong (and frankly, stupid.)
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????????? - Leverage is set from your broker for whatever pair you are trading. What are you trying to do have you tested anything ?.
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@richard96816 Excuse the silly question, but you know what is the financial leverage (leverage)?
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Yes, I've tested tons. Brokers outside of the US seem to operate with a single leverage number for a whole account. US rules, on the other hand, are a mess. As the list above shows.
I suspect that fxDreema doesn't deal with this at all. (Especially after the scary comment above about 10:1 or 20:1 ... 'who cares?' Scary!) I often get errors from my various brokers about 'Insufficient Margin' when using fxDreema's money management.
I tell it I want to size my trades to a certain percentage of my account and I get errors from the brokers and refused trades. Not all the time. Just at the extremes. But it should clearly NEVER happen. "Who cares?" is not an appropriate response.If I tell the Buy now block to open a trade at a certain percentage of my account I should NEVER get an error from my broker about Insufficient Margin. That's just wrong. MQL4 provides all the tools to check these things, but fxDreema doesn't seem to be using them. My guess is that fxDreema doesn't even know how to signal me about margin problems instead of just jamming a trade through anyway.
One piece of a system that needs to be bullet proof above all others is money management. Especially when it's provided as a 'black box' with few controls over the details. It should 'just work'. But it seems to be a little too simple. Or not appropriate for US rules. (I'll try testing to see if this also happens on non-US rules accounts.) It seems clear that not enough checking is going on in fxDreema money management.
I test heavily, all aspects. I care about my bank account. Perhaps others don't test the limits as much as I do. The limits are where you can get into big trouble. Where good money management should protect you.
Thanks
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@richard96816 Are you good at answering this question?
Excuse the silly question, but you know what is the financial leverage (leverage)? -
@ambrogio said in Different leverage for different currencies?:
@richard96816 Are you good at answering this question?
Excuse the silly question, but you know what is the financial leverage (leverage)?Is there ever a time when it would be acceptable for the Buy now block to choose a trade size or volume that is larger than the account will allow and then attempt to open it anyway?
This means that a smaller, acceptable trade size, is kept from opening and EA logic is thrown into confusion.
What makes you think this is insignificant?
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@richard96816 The broker decides the leverage, and your robot must know it, but you have to give the instructions to the robot to do it
if you open and explore the condition block, you can find the necessary tools to open orders based on your equity, leverage, free margin etc.
You have to set the conditions, the expert advisor detects how much is the margin, how much is the leverage etc., for each currency pair with different levers you are to command your robot
this is a small job I did long ago for order grids, just for example
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What?!
What is this: chopped liver?
Yes, I know you can cobble together a form of money management from scratch. Why would anyone do that with all these options made available in the Buy now block?
Unless, of course, they don't work. Why would anyone trust their hard-earned money to software that doesn't work right?
I see your point. It doesn't work ... write your own.
Genius! And stupid at the same time.
All the other EA builders have money management that works. That you can trust.
Why can't fxDreema take the time to fix theirs? It's clearly broken.I sent him links to parts of the MQL4 manual that show examples of the necessary library calls that he's clearly not using. Got no response.
This is not a simple problem. But all the other EA builders have dealt with it.
Perhaps this is another sad place where fxDreema says: "Oh, that's an old block. I don't feel like working on it." How many times have we seen that here.
Regarding money management: that is unacceptable.
Yes, the only safe thing today is to write your own, as you have clearly done. How many other users are aware of this sad, scary situation? Money at stake -- lots of it!
Most people aren't this cavalier with their money. Unless they don't know. What if your bank or your broker were this sloppy? Is fxDreema advertised as a toy? Not meant for actual use in the market? Just for play?
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I'm sorry you should use bad words to explain what you can not explain by yourself
Why did not you post your last post at the top instead of the leverage list?
Read you first post at the top!!!!!!! -
My apologies. I have been addressing these issues with fxDreema quietly via email for some time with little results. Mostly just insulting responses from him.
It has become quite tiresome.
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Richard, I can see that you don't like fxDreema, so I refunded your last payment (which is 6 months old, so I just sent you $100). And with that I surrender, I can't help you. I don't agree that my responses were insulting, I actually have this feeling that yours are, but this is not important. I can't help you, because I can't understand you. I told you this before - I can see your emails, I can see how much text you wrote to me and I can translate it, but I can't understand it. And it looks that I'm not alone, because here in this topic other people can't understand you as well. I really don't know what else to say.
