Set Default Trade Amount

The Default Amount (DA) is the default number of lots for a new position. This is the number that initially appears in the Amount field when an order is created.

 

You can set the default amount (DA) for specific accounts in the Account Information window. Depending on your system settings, you can set DA in:

Trade Steps: DA as coefficient of Trade Step will be used;
%: DA in percent of maximum order amount will be used.

 

DA in Trade Steps suggests that default amount can be different on each instrument, depending on the Trade Step value set on the instrument.

 

Example for system in lots: DA = 2 Trade Steps; Trade Step on EURUSD = 0.1 lot, Trade Step on USDJPY = 5 lots

When opening a position on EURUSD, you will be offered to open 0.2 lot

When opening a position on USDJPY, you will be offered to open 10 lots

Example for system in amounts: DA = 2 Trade Steps; Trade Step on EURUSD = 1,000, Trade Step on USDJPY = 50,000

When opening a position on EURUSD, you will be offered to open 2,000

When opening a position on USDJPY, you will be offered to open 100,000

% DA is calculated as percent of maximum amount that can be opened on account rounded to the nearest full Trade Step value.

Example for system in lots: DA = 10%; Trade Step = 0.5 lot; Max amount that can be opened from account = 23 lots

Suggested amount on account = 23* 0.1 = 2.3 -> rounded to Trade Step = 2.5 lots

Example for system in amounts: DA = 10%; Trade Step = 1,000; Max amount that can be opened from account = 381,000

Suggested amount on account = 381,000 * 0.1 = 38,100 -> rounded to Trade Step = 38,000

 

Setting DA in Trade Steps

In the Account Information window, left-click the DA field within the account record. The Default Amount dialog box will appear:

 

DA+TS

 

Setting DA in % of Maximum Order Amount

 

DA in %

 

 

Switching between DA (Trade Steps) and DA as % of Usable Margin

Note: This option can be absent if system rules are set accordingly.

Follow these steps to set the default amount in Trade Steps or in % of maximum order volume for an individual account:

Click the corresponding DA column’s cell in the Account Information window.
Select the DA (Trade Steps) or DA as % of usable margin radio button.
Enter the desired value of DA.

DA+TS2

For managed accounts

 

You can set DA in % if proportional (or proportional: one lot minimum) mode is used and at least one of the individual accounts belonging to the group has DA set in % of maximum order amount. To set DA as % of maximum order amount for a managed account, follow these steps:

 

• Click the corresponding DA column’s cell in the Account Information window

 

• Enter the desired value of DA.

 

Note: If managed account's allocation mode is set to Fixed DA, the DA column for the managed account is not clickable.