Tick Dollar Values

[sgordet]

I'm trading EURUSD in the sim. With a 10K order quantity, each pip seems to be worth one dollar (5'5 ticks, $5.00) as reported in the Market Analyzer and Chart Trader.

I was under the impression that each pip would be worth $10 using that order quantity. If I'm correct, could you tell me how to adjust it.

[NinjaTrader_ChristopherJ]

Hello,

Thank you for your post.

For a value of $10 per pip you would want to use a Full lot quantity of 100K as opposed to a Mini lot of 10K.

[Mukachi]

Hi Christopher,
I have a somewhat related question to sgordet's. In NT7, if I wanted to convert 10 to Ticks, I would say 10*TickSize to get 0.0010 for EURUSD say. Now, in NT8, performing the same operation gives 0.00010. Does this mean then if I wanted 10pips in ticks I would calculate it as 100*TickSize as the TickSize is now 0.00001 for EURUSD as an example. This is messing up profit targets that worked OK in NT7, now it seems a 20pip profit target results in Strategy exiting after only 2pips or so. Help please?

[NinjaTrader_ChristopherJ]

If you are currently showing a tenth pip value then correct if you would like to have a full 10 Pip Stop Loss or Profit Target you would multiply this by 10 so a value of 100 would need to be used.