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Forex incorrect profits

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    Forex incorrect profits

    Hi,

    I am doing a backtest on a currency strategy.

    [email protected]
    [email protected]
    Quantity: 14 micro lots

    Profit: $40,641.3
    There seems to be a problem with the calculation in profit, micro lots just don't give that much in AUDJPY.
    Either Ninjatrader is calculating this incorrectly or I have some misconfiguration.
    I have attached screenshot of the my settings.

    Please advise on what I can do.
    I like to add that I am using MBT.
    Attached Files
    Last edited by woohooboy; 05-14-2013, 12:05 AM.

    #2
    If i helps, I am using MBT and have used the sampleMAcrossover strategy as another reference.

    The profits for 10micro lots (10000) were still incorrect when the point value for AUDJPY was left at 1000.

    Please refer to attached.

    If the point value was changed to 10, then the profit/loss looks correct.
    Is there a need to change this ?

    WBH
    Attached Files

    Comment


      #3
      I just noticed from the following thread that I need to change the point value from 1000 to 10 because it is a known limitation since 2010 ?
      Is this still valid ?

      So what do I set when I go live?
      Last edited by woohooboy; 05-14-2013, 12:52 AM.

      Comment


        #4
        woohooboy, yes it would be unfortunately a known limitation as in backtesting those Pnl's would not be converted over as it would happen if you received those trades as live or simuated execution. Qty for 10000 units for 1 mini lot or 10 micro would be ok on MBT to use.

        Comment


          #5
          Does that mean that when I trade live I would have to set the point value back to 1000?

          Comment


            #6
            That's correct, so live Pnl is accurate then.

            Comment

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