|From JTAWiki, a project by J Talon LLC|
If your account is a Nano account, and you would like to use the same lot sizes as calculated for a normal account then you should set the variable NanoAccount to
true. If you would like the Nano Account to trade with reduced size lots because you have a small account balance, then leave NanoAccount at its default value of
A Nano account is one where the forex contract size is $10,000 rather than the normal $100,000. You can check the contract size by opening the Strategy Tester, selecting a forex chart for the Symbol, opening the Symbol Properties and check the value of Contract Size.
These accounts are also sometimes known as 'Penny-a-Pip' Accounts.
If you set NanoAccount to
true and the EA can determine that it is not a Nano Account then the EA will stop running and display a warning message, which you must confirm before being allowed to continue.
For the purposes of this WIKI, the following terms are used to describe different account types:
- Standard Account - Contract $100,000 with Minimum Lots of 1.0
- Mini Account - Contract $100,000 with Minimum Lots of 0.1
- Micro Account - Contract $100,000 with Minimum Lots of 0.01
- Nano Account - Contract $10,000 with Minimum Lots of 0.01
| If you set NanoAccount to |
Default is False
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