ok refresh me My account is USD My account balance is $10,000 My margin is 40:1 USD -AUDUSD Price is 0.93 Pip value of AUDUSD is $10.00 USD -AUDJPY Price is 83.58 Pip value of AUDJPY is $11.96 USD ((1/83.58 )*1000 -USDJPY Price is 89.83 Pip value of USDJPY is $11.13 USD ((1/89.83 )*1000 Question: I want to BUY AUDJPY so that when one tick moves my pipvalue with be $10.00 USD, show what number do I load into the TWS as AUDJPY to buy???
BUY 90 AUD/JPY So the lot amount I load into TWS forex is AUDUSD and when I sell it I get USDJPY ??? *&^%)&^*)
Well, there's no "lot" with IB - it's just the amount you want to trade. If you're used to a lot being 1.000 then yes it would be 90 lots with USD/JPY trading at 90 - and that's also the exchange rate you'd pay attention to since you wanted a pip move to be a certain value in USD when it really is JPY. There's tons of threads like this about IDEALPRO, where this is detailed closer - I suggest a search.
Does this look correct for AUDJPY to get a standard $usd 10 pip movement for each pair. AUDJPY BUY $7,507,961 is TWS input ( rounded to 7,500,000)
you would need to trade .9 standard lots or 9 mini lots to trade AUD/JPY at $10 a pip. http://www.goforex.net/pip-calculator.htm
You'll never come up with exactly a $10 pip movement. You may start with one but once the USD/JPY rate changes, your pip movement in AUD/JPY will be higher or lower than $10.