Sizing Buy Orders by Fixed Cash Amount
Summary
The document describes a trading tool that opens a buy position using a specified cash amount rather than a user-entered lot quantity. The tool calculates the corresponding lot size and submits the trade. Its fixed deal amount setting controls the intended value of each entry, while a separate option determines whether a stop loss is added automatically.
A maximum-spread limit can also be configured for each instrument through a symbol-specific global setting. This offers basic controls over order size, protective exits, and spread conditions. The page does not explain how the lot calculation handles contract specifications, currency conversion, minimum trade sizes, or insufficient margin. It provides no backtest, execution evidence, or guidance on choosing the cash amount or stop distance, so those settings require instrument-specific validation.
Key ideas
- The tool derives lot size from a requested cash amount for a buy trade.
- A fixed deal amount setting controls the intended value of each position.
- An optional setting determines whether the entry receives a stop loss.
- A symbol-specific maximum spread limit can be configured.
- The document gives no evidence on performance or details on sizing edge cases.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.