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Old 08-15-2010, 06:39 PM   #1
astrolobe
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Default Two FX brokers with different pip sizes

I use MBT and IB for forex trading, however they have different pip sizes. MBT uses TenthPip, and IB uses HalfPip. My data comes from Kinetick, which is TenthPip.

When I try to enter a IB order I get an error if my order is not on a halfpip increment, which makes sense. My question; will it cause any problems if I change quotes to halfpip, even though my data from Kinetick and my MBT broker is in tenthpips?

thanks.
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Old 08-15-2010, 06:55 PM   #2
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Hello,

I will have someone reply to you on Monday. Thank you for your patience.
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Old 08-15-2010, 08:17 PM   #3
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Hi astrolobe,

It should not make a difference if you use the Half Pip setting, because you are cutting off an additional unit from your chart display.

I would recommend making that change since order submission on IB will be dependent on the quote prices in Half-Pip, even though data from your providers will offer additional increments of display data.
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