a: By default, one lot is set to 100.000 shares for forex, 1 for futures and 100 for stocks. You can change this value for each contract.
b: In addition you can set a general multiplier on top of a: and which is per MetaTrader, e.g. 10.0 which means 10 times at IB.
c: On top of a: and b: you can enable the balance IBKR / MT balance relation. Example: On IB our balance is 100.000 at MetaTrader 50.000. So the balance relation factor is 2.
Example that summarizes all options:
a: The shares per lot factor for EUR.USD = 100.000 (default für forex)
b: The general multiplier for MetaTrader instance is set to 2.0. (default 1.0)
c: The balance relation factor is enabled and the balance at IBKR account is 100.000 and at MetaTrader 33.333. So the factor is 3.0
Note: The balance relation factor is not respecting different account currencies in IBKR and MetaTrader account. If the base currency should be different, you should work in the exchange rate in the general multiplier (b:)
Let’s place an order in MetaTrader of 1 lot.
Final IBKR ordersize=a: x b: x c: = 100.000 x 2.0 x 3 = 600.000
This is a prelease video about an upcoming tool for MetaTrader users who prefer to trade manually. This tool allows to quickly follow the markets, placing and manage orders in a convenient manner, providing information about your current order-,risk- and account situation, serves with statistics about your trading performance and more. The video shall give you a first impression of this upcoming tool. Comments are appreciated.
In this video you can see a stresstest of the MetaTrader-Interactive Brokers bridge. Positions for 4 different symbols are opened and immediately closed. This happens 30 times in a row with a short delay of 10 milliseconds between each open/close sequence. The ordersize is 5 lots=500.000 shares.
Both accounts are flat at startup and when test has finished. At the end of the video, the total costs generated at MetaTrader and Interactive Brokers are compared. Short in advance: The Interactive Brokers account generated $ 1324 less costs than MetaTrader account. This applies for 4 x 2 x 30 = 240 transactions, each with a size of $ 500.000.
The stresstest is installed along with bridge. Users can adjust parameters or change the code according their requirements. This way, they can imagine whether the bridge is a benefit for their personal trade setup or not. The question : “Should i buy the bridge or not” , is reduced to a simple mathematical equation.