Thinking Stuff's ATM

Automated Trading Machine (ATM) makes it simple to remove fear and greed from your trading. Automated trading is no longer just for the rich or nerdy. Our revolutionary software runs on your computer, using your trading rules, but none of your emotions. There's just one requirement - you know how to use a mouse.  Learn more...

Thinking Stuff's ATE

Automated Trading Execution (ATE) is where we run your trading systems for you on our servers. Your system can be exported from ATM, or written in plain English and we'll make it for you. We'll even backtest and suggest improvements if you want us to. This service essentially automates your automated trading.  Learn more...

Thinking Stuff's Groups

Join a group of like-minded individuals, and help each other to trading success. Once you join a group, you will have access to that group's trading systems, ideas, and feedback. And please contribute your own knowledge as much as possible. Or contact us to start your own group.  Learn more...

Number Of Units To Purchase

Currency brokers normally only allow a certain multiple of units to be purchased at a time. Some brokers allow multiples of 1000, some of 10,000, and there are still some hold-outs mandating multiples of 100,000. (100,000 units = 1 contract).

Although there is 1 forex broker which allows any number of units to be purchased, that is certainly not the norm. So you can't buy 123,456 units - you would have to buy 123,000 units or 120,000 units or 100,000 units depending on the multiple allowed by your broker.

This is important when it comes to calculating the number of units that ATM will buy. If you enter a percentage of the balance to be used on each trade (in the money management settings), then that percentage is regarded by ATM as the absolute upper limit. ATM only ever rounds-down. The following table gives examples:
 

ATM Wants To Purchase (Units) Oanda Multiple of 1K Multiple of 10K Multiple of 100K
1 1 0 0 0
3,769 3,769 3,000 0 0
9,999 9,999 9,000 0 0
10,000 10,000 10,000 10,000 0
32,769 32,769 32,000 30,000 0
99,999 99,999 99,000 90,000 0
100,000 100,000 100,000 100,000 100,000
132,769 132,769 132,000 130,000 100,000
199,999 199,999 199,000 190,000 100,000
200,000 200,000 200,000 200,000 200,000
Groups: