Tagged: onlinebettingid Fairbet7
- This topic has 7 replies, 1 voice, and was last updated 2 months ago by
Anonymous.
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September 22, 2022 at 11:03 #125053
Anonymous
InactiveHi,
I live in the UK and have an ig.com MT4 spread betting account. I would like to use EA Studio to create EAs for spread betting on forex pairs.
How would I go about editing the mql4 code entry_amount lot size to instead open spread bets in £ per point?
Thanks,
Julie Bowden
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September 22, 2022 at 11:05 #125116
Anonymous
InactiveHi Julie,
I can’t say I understand your question. Aren’t we all effectively kind of “spread betting” when we trade CFDs?
Can you make your question clearer please.
Why is it that you think you will need to edit the EA code? What exactly is it that you are trying to do?
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September 22, 2022 at 21:48 #125166
Anonymous
InactiveHi Sam,
Thanks for your response. I’ve never traded CFDs because of the tax advantages of spread betting so haven’t got a comparison. I do have a demo account for CFDs that I haven’t used but will try out some EAs on there so that I can see how the entry criteria work.
I’ve tried out a Forex EA on my SB demo account and now understand how the lot size translates:
- 1 lot is equivalent to £1 per point;
- 0.1 lot is equivalent to 10p per point etc…
Hope that’s useful to others,
Julie
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September 22, 2022 at 22:54 #125168
Anonymous
InactiveAh yes I see now, no underlying asset is bought for CFDs or spreadbets but there are some additional tax benefits to spread betting.
I still prefer CFDs though.
Im sure that’s useful for others who may be interested in spread betting. Cheers Julie
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October 21, 2023 at 14:18 #205911
Anonymous
InactiveHi Julie,
I have the same issue as you and already bought one trading robot that doesn’t work with a GBP spreadbetting account.
Did you get anywhere with testing and running Expert Advisors with IG ?
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December 1, 2023 at 12:56 #217866
Anonymous
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July 2, 2024 at 10:31 #266417
Anonymous
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July 2, 2024 at 13:13 #266473
Anonymous
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