Volume size / Contract size
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Sorry. I'm back again! I'd be very grateful indeed for some assistance with clearing up my confusion.
1 - Am I right in assuming that what's called "Contract size" in MT4 is what fxDreema calls "Volume size"?
2 - When a broker says the minimum "Contract size" is 1, I can set a lesser figure, say 0.1 in fxDreema. So, if I set in 0.1 in fxDreema, and run a back test the contracts traded are 1 in size. I assume therefore fxDreema is simply saying, "trade at 0.1 or whatever the minimum contract/volume size set by the broker". Is this correct?
I did do a search in the forum for this, but didn't find anything conclusive. But sorry for what is probably a very silly question!
Thanks again.
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Yes, "Volume size" is the lots you are going to trade. Some brokers allows 0.01 lots, others 0.1, but if you set a value that is less than the broker's minimum - the minimum is taken.
