How to calculate ticks

[akushyn]

Hello,

I just try to implement MoneyManagement filter for the custom strategy.
And if initial risk of the entry is more than lets say 10 ticks --> skip that signal.

For this I have to calculate somehow difference between two prices in ticks. How could I do this?
Would be grateful for any advise or sample.

[NinjaTrader_ChelseaB]

Hello akushyn,

Thanks for your note.

When you have two prices that are exact tick sizes, these can be divided by the TickSize property.
Use Math.Abs() to ensure you have a positive number.

For example:

Print( Math.Abs(High[0] - Low[0]) / TickSize );

if (( Math.Abs(High[0] - Low[0]) / TickSize > 10)
{
// execute code
}

Below is a link to the help guide on TickSize.
http://ninjatrader.com/support/helpG...7/ticksize.htm


If you are using two prices that do not have exact tick sizes, you can optionally use Instrument.MasterInstrument.Round2TickSize() to round these before dividing by the tick size.
http://ninjatrader.com/support/helpG...trument_ro.htm

Print( Instrument.MasterInstrument.Round2TickSize(Math.Abs(SMA(High, 14)[0] - SMA(Low, 14)[0])) / TickSize );

[akushyn]

Very useful, thank you!

And now, how to calculate risk in US dollars , cause some intsruments valued in EUR and some in USD? How to convert from EUR to USD ?

Is there smth like TickValue?
usdRisk = calculatedTicks * TickValue

[NinjaTrader_ChelseaB]

Hello akushyn,

There is a point value: Instrument.MasterInstrument.PointValue.

For example on the ES the point value is 50. The tick size is .25. You can calculate the price per tick with (TickSize * Instrument.MasterInstrument.PointValue). For the ES this would be 12.5 per tick.

Converting to different currencies would require a custom calculation. You may need a secondary series of forex data to get the current conversion rate between two currencies.
There is not a function in NinjaTrader to return this information.