Point value in Strategy Analyzer vs money earned

[tazan]

Hi,

What does the Point Value mean in the Instrument Editor in the back testing vs the lot I would actually trade in real life?

I would like to trade micro lots ($1000 ) in real life. In that case, if I understand correctly, the pip price would be $0.1?

So when the price moves 100 pips in my favor, I would earn $10.

What should I set the Point Value to reflect this scenario, during back testing?

Thanks

[tazan]

When programming the strategy then does EnterLong(1000) mean that I'm entering the trade with one micro lot, with 1.000 units of base currency or with 1.000 lots of 100.000 units of base currency?

Because when I set my trades to use 1000, then the earnings reflect what I would expect to earn with the pip change.

[NinjaTrader_DaveI]

Hello,

That's exactly right. It will use that 1,000 number as the literal number of units to trade, so it will equal out to one micro lot.

[tazan]

Hello,

That's exactly right. It will use that 1,000 number as the literal number of units to trade, so it will equal out to one micro lot.

Awesome. Thanks for the confirmation