PineConnector - CFD's
Posted: Sat Jul 15, 2023 4:20 pm
Hi Everyone,
Please for the question if it has been answered previously, I am new to the group. I mainly trade CFD's and would like to automate my TradingView scripts; in particular I would like to use the PineConnector API inside of MT4 to send the alerts to my broker. I have been through the PC documentation and there is a parameter called 'Risk' which can be on units of lots or currency amount. It looks like PC is predominantly written for FX, when trading in CFD's how is his Risk parameter set, is it simply setting the currency amount to the total amount you are willing to risk for any given trade? Does PC then go and calculate how many CFD's you are able to trade with based on this risk amount?
Many thanks
Please for the question if it has been answered previously, I am new to the group. I mainly trade CFD's and would like to automate my TradingView scripts; in particular I would like to use the PineConnector API inside of MT4 to send the alerts to my broker. I have been through the PC documentation and there is a parameter called 'Risk' which can be on units of lots or currency amount. It looks like PC is predominantly written for FX, when trading in CFD's how is his Risk parameter set, is it simply setting the currency amount to the total amount you are willing to risk for any given trade? Does PC then go and calculate how many CFD's you are able to trade with based on this risk amount?
Many thanks