How many ticks per point?

[cassb]

I know I can get Instrument.MasterInstrument.PointValue, and I know I can get TickSize. But I don't think these will allow me to know how many ticks are in 1 'point'. For example, ES has 4 ticks per point, but how/where is that info located? And, how many ticks per point is 6E and how would I figure that out in NinjaScript?

Thanks!
Bryan

[Radical]

Can't you just do PointValue * TickSize?

Edit: Never mind, I think I see what you're asking. Would the answer just be to do 1 / TickSize?

For example:
ES = 1 / .25 = 4
6E = 1 / .0001 = 1000

In other words, you don't need to know the PointValue, only TickSize.

[cassb]

Can't you just do PointValue * TickSize?

Edit: Never mind, I think I see what you're asking. Would the answer just be to do 1 / TickSize?

For example:
ES = 1 / .25 = 4
6E = 1 / .0001 = 1000

In other words, you don't need to know the PointValue, only TickSize.

Thanks for answering, Radical!

Hm... you know I thought of that (1 / TickSize), but then I thought 'wait a minute.... 6E is not 1000 ticks per point!' Or is it? That's what has me confused I guess... how many ticks are in one Forex "point"? And then you have YM which has a point value of 1... so that's 1 tick per point?

Maybe the term "Point" is arbitrary? ugh... my brain hurts. :-)

[NinjaTrader_Bertrand]

I think Radical is correct here, 1 point refers to one full point of price movement, so for 6E a move from 1.0000 from 2.0000

[cassb]

I think Radical is correct here, 1 point refers to one full point of price movement, so for 6E a move from 1.0000 from 2.0000

OK, I think you're right. So "point" really is not relevant in all instruments, and ticks per point really has no meaning to a trader. Got it. I just have a customer that wants to trade based on "points" rather than ticks, so I think I'll just have to have a parameter that asks how many ticks per point they want.

Bryan