Lots

Setting Lot/Quantity. Be sure to view all images.
Additional Images
 
Contributors: Colton, mikea, Ronnie_B-ee

Lots

1 lot is 100,000 units of the base currency. If you're trading EUR/USD, 1 lot would be €100,000 EUR. If you're trading USD/JPY, 1 lot is $100,000 USD.

Lots are the way we measure our position size, or how much we're trading in the currencies market. It's like "shares" for stocks, or "contracts" for futures.

When you place a trade in ALVEO, you enter the number of lots you want to trade under "Quantity." You may chose to use a fraction of a lot or a full lot. In fact, in small accounts, it is not encouraged to trade a full lot. You should always calculate your position size based on how much you want to risk.

  • 1.00 = Standard lot
  • 0.10 = Mini lot (1/10th of a standard lot)
  • 0.01 = Micro lot (1/100th of a standard lot)

Your position size can be any combination. You can trade 2.53. You can trade 0.24. Putting small amounts means the trade will win less, but it also means it will lose less.

A basic way to estimate your position size is to follow the . Divide your maximum risk by the distance (in points) from your entry to stop loss.

Images 1-3 show the 3 different places you can adjust your lot size. You can adjust your lot per trade or use your "One-Click Trade" default settings.

 
Term Updated
Adjustment 2013-12-31
ADX (Average Directional Index) 2016-7-16
Alignment Strategy 2012-9-13
Anti-Martingale 2012-10-10
Aroon 2012-10-11
Ascending Triangle 2012-9-13
ATR (Average True Range) 2018-1-15
AUD (Australian Dollar) 2012-9-13
Awesome Oscillator 2017-8-10
Backtesting 2016-5-17
Banker's Close 2018-8-22
Base Currency 2012-10-15
Bearish Breakdown 2012-10-10
Bearish Pullback 2013-12-31
Benjamin Formula 2013-10-3
Black Box 2018-8-22
Bollinger Bands 2018-8-25
Bond 2012-10-10
Bracket Order 2012-9-18
Break Even 2012-10-10
Broker 2012-10-15
Bullish Breakout 2012-11-22
Bullish Pullback 2012-9-18
Bulls and Bears 2012-9-13
Buy Limit 2013-12-26
Buy Stop 2013-12-26
Cable 2012-10-10
CAD (Canadian Dollar) 2012-10-12
Candlestick Patterns 2018-10-8
Candlesticks 2018-9-18
Carry Trade 2016-5-17
CCI (Commodity Channel Index) 2012-10-12
CHF (Swiss Franc) 2012-10-12
CNY (Chinese Yuan Renminbi) 2012-10-10
Commissions 2018-8-25
Commodity 2012-10-10
Consolidation 2012-10-10
Continuation 2012-9-14
Contraction 2012-10-18
Crowdsourcing 2018-8-23
CTR Trade 2012-10-12
Cup and Handle 2012-10-10
Currencies 2012-10-10
Custom Indicators 2018-8-23
Day Trading 2012-9-10
Demo Account 2012-10-11
Derivative 2018-8-23
Descending Triangle 2012-10-11
Divergence 2018-8-23
Diversification 2012-9-10
Doji 2012-10-11
Double Top or Double Bottom 2012-10-11
ECN (Electronic Communications Network) 2012-10-11
Elliott Wave Theory 2018-8-25
EMA (Exponential Moving Average) 2012-10-11
Entry Price 2012-10-11
Envelope 2018-8-25
EUR (Euro) 2012-10-11
Expansion 2012-10-11
Expectancy 2012-10-11
Expert Advisor 2018-8-25
Expiration 2018-8-25
Fade 2012-10-11
Fading Range 2012-10-11
Fibonacci Theory 2012-10-22
Float 2012-11-21
Fundamentals 2013-7-18
Futures 2012-10-12
Gap 2012-9-12
GBP (Great British Pound Sterling) 2012-10-12
GDP (Gross Domestic Product) 2012-10-12
Government Reports 2012-10-12
Grey Box 2012-10-12
GTC (Good Til Cancel) 2012-10-12
Hard Currency 2012-10-12
Head and Shoulders 2012-9-18
Hedging 2012-10-12
HKD (Hong Kong Dollar) 2012-10-12
Hyper-Diversification 2012-10-12
Hyperinflation 2012-10-12
Indicator 2018-8-25
Inflation 2012-10-12
Interbank Market 2012-10-12
Interest Rates 2018-8-26
Intermarket Analysis 2012-10-15
Intervention 2012-10-15
Investor Profile 2012-12-6
JPY (Japanese Yen) 2012-10-15
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Key Currency 2012-10-15
Kiwi 2012-10-15
Leverage 2012-10-15
Long Position 2018-9-5
Lots 2018-8-26
MACD (Moving Average Convergence Divergence) 2018-9-1
Majors 2018-9-1
Market History 2012-11-13
Market Maker 2012-10-2
Martingale 2012-11-21
MetaStock 2012-11-21
MetaTrader 2018-8-26
Micro 2018-9-11
Mini 2012-11-21
Minors 2012-11-21
Momentum 2013-12-31
Momentum (indicator) 2012-11-21
Momentum Burst 2012-11-21
Moving Average 2012-11-21
Multiple Time Frame Analysis 2012-11-21
National Futures Association (NFA) 2012-11-21
News Events 2018-9-1
NOK (Norwegian Krone) 2012-11-21
NZD (New Zealand Dollar) 2012-11-21
OCO (One Cancels Other) 2012-11-21
OHLC (Open High Low Close) 2012-11-21
Option Contract 2012-11-21
Order Ticket 2012-11-22
Outside Reversal 2012-11-22
Overextension 2012-11-22
Pairs 2018-9-9
Paper Trading 2012-9-13
Parabolic SAR (Stop And Reverse) 2013-4-29
Parity 2018-9-9
Patterns 2012-11-22
Pending Order 2017-1-24
Pennant 2012-11-26
Pip 2014-12-11
Pivots 2012-11-26
Placing Trades on Alveo Platform: 2018-4-10
Platform 2018-9-15
Players in the Forex Market 2012-11-26
Point 2012-9-13
Position 2018-9-15
Price Action 2018-9-15
Price Cycle 2013-7-18
Probability 2012-11-26
Proform Breakout Box 2012-11-27
Proform Data Prep (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Multiple Time Frame (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Price Cycle (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Price Cycle Box (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Rangebreak (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Robot (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Robot Label Setups (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Robot Label Trades (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Robot Past Patterns (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Time Cycle (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Proform Time Trends (this term needs updated or removed as it doesn't look available in ALVEO) 2018-9-15
Psychology 2012-11-28
Pullback 2012-11-29
Pyramiding 2012-11-29
Quote Currency 2012-11-29
Range 2012-11-29
Resistance 2018-9-15
Retracement 2013-1-4
Reversal 2012-9-14
Reward to Risk Ratio 2013-1-4
Risk 2013-1-4
Risk Tolerance 2018-9-15
ROI (Return On Investment) 2013-1-4
RSI (Relative Strength Index) 2013-4-29
S.E.C. (Securities Exchange Commission) 2013-4-29
Seasonal Cycles 2013-4-29
Securities 2013-6-10
SEK (Swedish Krona) 2013-6-27
Sell Limit 2013-12-26
Sell Stop 2013-12-26
Sessions 2018-9-15
Short 2017-7-9
Slippage 2013-6-27
Spread (Images for ALVEO need uploaded) 2018-9-15
SSMA (Smooth Simple Moving Average) 2018-9-15
Standard Deviation 2018-4-10
Stochastic 2016-10-7
Stop Loss 2018-3-13
Support 2018-9-15
Swap 2013-6-27
Swing Trading 2013-6-27
Symbology 2013-6-27
System 2013-6-27
Take Profit (Target) 2014-6-23
Taxes 2018-9-15
Technical Analysis 2013-7-18
Technical Indicator 2018-9-15
Template (term needs updated to ALVEO) 2018-9-15
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Time Cycle 2013-7-18
Time Frame 2018-9-15
Trade Journal 2013-7-3
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Trend 2013-7-17
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Trigger 2013-7-18
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Two Percent Rule 2018-9-15
USD (United States Dollar) 2013-7-18
Volatility 2018-9-15
Volume (Image needs updated to reflect ALVEO) 2018-9-15
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Whipsaw 2013-7-18
XAG (Silver) 2013-7-18
XAU (Gold) 2018-9-15
YTD (Year To Date) 2011-8-31
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ZWD (Zimbabwean Dollar) 2013-7-18