My FX account is in USD and has 1000:1 leverage and I trade 1000 unit (0.01) lot sizes, sometimes 0.02, 0.03 or 0.04 ... etc. My risk is ~2% on each trade which is approx $60, and in my Tradersway demo, I can have a trade open on EURUSD for 5 days, for example, and I only pay a few $ in swap ( like $1.50) or some similar amount. So, I need to get the properties in my FT set correctly.
I found this post from another thread a while back:
FX Helper wrote:If you set Digits after point=5, Swap long=-0.1100, Swap short=0.0400 then Swap value will start from 0.4 USD.
If you set Digits after point=6, Swap long=-0.1100, Swap short=0.0400 then Swap value will start from 0.04 USD.
So please set necessary Digits after point value and you will have proper swap values.
Do not forger to re-generate ticks after you change symbol properties so you can see these new settings in Testing Mode.
However, I am confused because I am using the Forexite free 1 min data which is a 4 digit broker (2 digit JPY) in FT to backtest with.
Thanks in advance if someone could shed some light on this issue for me.