Automated tradingnot starting

• 04/19/2022 at 4:58 PM #191911
  cpla1971

  Hi,

  I am new to automated trading, and i after doing some backtesting, i am moving to automated trading. I m trying first with limited amount here, $2000 fund. I trade on US Tech 100 Cash ($20 Min), the Nasdaq 100 index. I launch the automated trading with 0.1 contract but nothing happens even when the conditions to buy are here. Do you know if there is potentially a technical problem stopping the system to start?

  Thanks

  Chris

  

  cpla1971

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  04/19/2022 at 6:17 PM #191922
  PeterSt

  Hi there Chris,

  1 x Nasdaq EUR 20 per point = 280K euros. Say 300K USD.
  0.1 times that = 30K USD.

  2000USD in your portfolio means 6.6 % margin. I think 5% is the requirement, but as you can see this is critical anyway. So that c0uld be the culprit.
  And nothing will notify you about it.

  Something else is that 0.1 contracts may not be allowed (too few).
  But you can try the EUR 1 per point and get 3 of them (42K euros). Careful, because that too could be too few for some other rules. I see people always having troubles with the lower contract amounts (on the EUR 1 pp). I think I have seen 3 contracts work without issues for myself.
  And add a little to your portfolio of course.

  I hope I didn’t make too many math errors.
  Peter

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  cpla1971

  

  PeterSt

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  04/20/2022 at 7:44 AM #191932
  Nicolas

  Minimum lot size is 0.5: https://www.ig.com/en/indices/markets-indices/us-tech-100

  

  Nicolas

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