Euro notional, CAD quote, $7.35
1.00 lot is 100,000 EUR. A 0.0001 CAD pip converts near $7.35, same conversion family as USDCAD. Spread 0.7 to 1.5 pips. ATR 75 to 115 pips sits with Cable, which is why the stop is 30 pips and lots are 4.53, not EURUSD 5.00 at 20 pips.
Handles 1.4800, 1.4900, 1.5000 are the oil-versus-euro stairs. If you copy USDCAD's 5.44 lots, you ignored that this pair needs a 30-pip stop versus Loonie's 25 because euro adds ECB noise on top of oil.
Overlap hours, ECB, BoC, EIA
12:00 to 16:00 UTC is when euro and oil/CAD are both awake. ECB decisions, BoC, and Wednesday EIA can stack inside that window. Opposite moves in Bund yields versus WTI are the clean H4 trend. Same-direction shocks chop.
connect your MT5 account to Venasri and tag EIA as an EURCAD event. It is not "only an oil chart thing" when half this quote is CAD.
4.53 lots at 30 pips
lots = 1000 / (30 × 7.35) = 4.54, stored as 4.53 at 1%, 2.26 at 0.50%. Scalp 12 to 20, intraday 25 to 40, swing 65 to 100. Set 7.35 in the Half-Kelly Lot Size Calculator & Equity Guard. A $10 leftover setting would let 5.00 lots risk about $1,103 at 30 pips.
EURUSD plus USDCAD plus USOIL already cover the legs. Adding 4.53 lots of EURCAD is a fourth oil-versus-euro expression. Haircut to one.
Trade the overlap when yields and oil disagree
Best: 12:00 to 16:00 UTC H4 trend when WTI and euro yields diverge, 00/50 figures, spread under 1.5, 30-pip-class stop. Skip first ticks of ECB/EIA/BoC.
Confirm oil-versus-euro intent and unused energy/euro budget on the Pre-Trade AI Confluence Checklist. EURCAD is a relative-value overlap pair. It is a poor Tokyo scalp.