Profit Calculation

[NinjaTrader_Matthew]

Can you please go to Tools--> Options--> Data tab--> tell me what the "Quote Currency) is set to. Is this pip, half pip or tenth?

[guillembm]

It's set to PIP

[NinjaTrader_Matthew]

Thanks - different instruments will be calculated differently depending on the lot size. To eliminate any variables, can you please run this with a set default qty such as mini lot or micro lot.

Also please note that if you are backtesting, the rate conversion will not take place.

[guillembm]

When you say micro lot you mean a very small quantity? As low as 100?

[NinjaTrader_Matthew]

A mini lot will be 10,000 units
A micro lot will be 1000 units

[guillembm]

Profit Calculation

Result is the same. I attach screenshot

[NinjaTrader_Matthew]

Hello,

We have checked these values and can confirm that they are correct for this unit and tick size.

Can you please specify exactly what you feel is not correct? What values are you expecting per tick for a 1000 unit order?

[guillembm]

If I set a lot position of 1000. I sell short at 117.84 and I buttocover at 117.83, this is a profit of 10. Even translating it to its original currency 0.13 of profit is incorrect

[NinjaTrader_Matthew]

When trading a 1000 lot unit, a single tick is roughly $0.10 depending on the exchange rate.

If you're looking for $10.00 per tick, you would need to trade 100,000 units.

1,000 ~ .10 cents
10,000 ~ 1 dollar
100.000 ~ 10 dollars

Please take a look at the following calculator with it leveraged 1:1 and the Pips/points set to 1

http://www.hytechfx.com/api/forex-market/forex-profit-calculator.html