Dear Customers,
Templer FX keeps on improving its services and their quality and in
this connection we’re introducing a new pricing format with 5 decimal
places on all FX quotes.
This innovation allows us to provide our clients with tighter spreads
in many popular currency pairs, more accurate pricing and execution.
Starting from March 16, 2015 you’ll be able to test your trading
strategy on all accounts with the 5 decimal points pricing format.
If you have open positions running they will be automatically adjusted
to the new format.
Please note:
1. Please be aware that the new price feed implementation will
affect your Expert Advisors. To make sure that your EA is brought into
line with this change you must adjust settings of your pending orders
«Buy Stop», «Sell Stop», «Buy Limit», «Sell Limit» and «Stop Loss» and
«Take Profit» settings as well as any other pip value related
parameters by multiplying your current levels by 10.
For example, if you are currently using a stop loss level of 40 pips
and a take profit level of 80 pips on each trade, in order to bring
your EA in-line with the new pricing format, you must change your take
profit level to 800 and your stop loss level to 400 respectively.
2. In similar fashion to EA’s, some indicators could be affected
by the new pricing format. To make sure your particular indicator
works as you expect we advise that you contact your indicator provider
to implement the necessary adjustments.
3. The levels of all manually set orders: «Buy Stop», «Sell
Stop», «Buy Limit», «Sell Limit», «Stop Loss» and «Take Profit», that
are expressed in points should be multiplied by 10.
For example, if you want to open a short position at 1.34500 and you
would like to place a take profit order at 1.34100, you should input 400
points as the take profit amount.
4. When selecting a «Trailing Stop» value please be aware that
all the values listed have already been multiplied by 10.
5. So if you would like to set a «Trailing Stop» of 40 pips, you
should select 400 as the trailing stop value.
6. All profit / loss values expressed as Points in the Profit
column under the Trade tab already incorporate the 5th decimal place
adjustment.
7. The maximum deviation feature allows clients to ensure trade
execution within a specified number of points/pips. In order to
accommodate the new pricing format you must multiply the desired value
by 10.
For example, if you would like to ensure being filled within 5 pips of
the current quote, you must input 50.
