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Two FX brokers with different pip sizes

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    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.

    #2
    Hello,

    I will have someone reply to you on Monday. Thank you for your patience.
    DenNinjaTrader Customer Service

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      #3
      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.
      Ryan O.NinjaTrader Customer Service

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