Step lots - how do they work?

Beginner Questions
1

Hello all,

I’ve searched the forums, but couldn’t find any info on step lots, so I hope someone can shed a bit of light for me.

While looking at the Cent Account overview via FXCM, I see that the minimum lot size is a micro lot, and that they offer step lots of 0.01.

I’ve looked all over the web for info on what this might mean and found near nothing concrete, but some info I’ve found eludes to this meaning that I can purchase fractional amounts of the minimum lot size as small as the “step lot”; eg 0.0001 lots.

If someone could please inform me on the ins and the outs of using step lots of be very grateful.

2

Step for changing lots is based on the specific symbol:

//±-----------------------------------------------------------------+
//| The script prints information on symbol , step for changing lot
//| Maximun and Minimum Permitted amount of Lot |
//±-----------------------------------------------------------------+
void OnStart()
{
Print(“Symbol=”,Symbol());
Print(“Minimum permitted amount of a lot=”,MarketInfo(Symbol(),MODE_MINLOT));
Print(“Step for changing lots=”,MarketInfo(Symbol(),MODE_LOTSTEP));
Print(“Maximum permitted amount of a lot=”,MarketInfo(Symbol(),MODE_MAXLOT));

}

3

Fixed? SW.gz (45.7 KB)