Problem with FX-Tick-Size

[Joerg]

Hello,

I´m using IB-Data and actual version of NT (6.5.1000.9) and I have a problem with the correct Tick-Size-Settings for f.e. EURUSD: When I´m using 0.00001 as tick size the price is displayed correctly in the chart and also in the Orders-Tab of the ControlCenter. But when I´m using the SetStopLoss()-Function with "CalculationMode.Ticks" then I have to multiply the number of ticks by 10 to get the correct Stops calculated because the ticks in EURUSD are 0.0001 instead of 0.00001.

Now the problem: When I change the tick size to 0.0001 (which should be right for EURUSD) in ControlCenter and in the Chart just 0.0000 is shown as price. The chart looks good and also the signals get correct prices but the last is just shown as 0.0000 . In the Options I´ve choosen to display FX-Quotes as Tenth Pips.

How can I get correct Tick-sizes in a trading strategy while using tick-size of 0.0001 for EURUSD?

Thanks a lot.

Joerg

[NinjaTrader_Ray]

Hi Joerg,

- Please disconnect
- Please go to Tools > Options > Misc and set "Quote currencies..." to "Pip"
- Go to Instrument Manager and set the tick size for EURUSD to "0.0001"
- Go back to Tools > Options > Misc and set to "Half Pip" (this is what IB quotes in)

If you now add the following code in your strategy -

Print(TickSize);

You should see the following value in the Output window:

0.00005

Which is the correc tick size for IB.

[Joerg]

Thanks for the fast answer. I will try it todays evening.

But why using not the same ticks in the SetStopLoss-Function (and related functions) as in the symbol-settings? Half ticks then could be written as 0.5 f.e. This would make it easier to handle the SetStopLoss-Function with CalculationMode.Ticks.

Regards,

Joerg

[NinjaTrader_Ray]

Since the symbol settings is NOT meant to be changed. The tick size (pip) is really 0.0001. When you change the quote display to 1/2 pips, that is when the tick value in the strategy will change.

[Joerg]

Hello,

I tried as you described but unfortunetely the 0.0000-display does not disappear. In the chart and in the Order-Panel of ControlCenter I see only 0.0000. Curiously sometime the correct quote is shown for a second and disappears again.

Which setting else could be wrong? Do you get the same effect for IB-Data with tick-size 0.0001 and half-pips?

Thanks a lot

Joerg

[NinjaTrader_Ray]

This is what I see.

You will get prices formatted as:

1.XXXX

If a price falls on a 1/2 pip, you will get

1.XXXX'5

If you print out TickSize you will get 0.00005

[kuhasu]

What abt the setting in MB trading forex for tick size and point value?
Thank you.

Hi Joerg,

- Please disconnect
- Please go to Tools > Options > Misc and set "Quote currencies..." to "Pip"
- Go to Instrument Manager and set the tick size for EURUSD to "0.0001"
- Go back to Tools > Options > Misc and set to "Half Pip" (this is what IB quotes in)

If you now add the following code in your strategy -

Print(TickSize);

You should see the following value in the Output window:

0.00005

Which is the correc tick size for IB.

[NinjaTrader_Ray]

- Go back to Tools > Options > Misc and set to "Half Pip" (this is what IB quotes in)

It would be TenthPip