Bitcoin BTCUSD Coinbase and XBTUSD Bitmex -- Profit Calculations

[vantojo]

Hello,

Can you take a look at the profit/loss calculations for BTCUSD (Coinbase)

The ticksize is .01 (1/100) and I think the value is also ..01 (1/100)

But the profit-loss is being calculatedc at $1 a tick.

Can you verify what is the correct calculation?

Also, I think the same is true for XBTUSD, but I'd have to check.

Thanks

[NinjaTrader_Manfred]

Hello vantojo,

The BTCUSD is indeed reported in ticks of a 0.01 point size (100 ticks per point).

This is best illustrated if you look at the current bid/ask price on your chart:



As you can see, the current bid/ask prices as 38539.28 and 38539.29 - while the movement on the chart is fast enough that the chart will only display markers in 10-point increments (1,000 ticks), the internal calculation still takes place on this 1-tick value.

As the point-value is listed as $1, this would mean that each tick is worth $0.01.

Taking the above trade for example (bought at 38489.86 and sold at 38501.91) would be a profit of 1,205 ticks or $12.05, this can also be confirmed when we take a look at this trade in the Trade Performance window:



Do you see different values when trading this instrument?

[vantojo]

here you can see what I mean....

[NinjaTrader_Manfred]

Hello vantojo,

Thank you very much for your reply.

Looking through these BTCUSD trades, everything seems to be in order.

To take two trades as an example, let's look at trades 22 and 23:


Trade #22:

You entered long with a quantity of 100 at 33993.49 and exited at 34031.13, this would reflect a profit of $37.64 per 1, resulting in a profit of $3,764.00 for all 100 orders.


Trade #23:

You entered short with a quantity of 1 at 34737.95 and exited at 34748.44, resulting in a loss of $10.49 ($1 per point).


As far as I can tell looking at these values, it would fit the $1-per-point setting. Does this not reflect the real trading value?

[vantojo]

Ok, the first yellow column I inserted and is Entry Price - Exit Price

(So, the new column is actually inverted, long negative is a win, etc)

Trade #1 short had one contract with a 16.77 tick win... yes?

but that is not dollars, that is ticks...?

so to convert it to dallars 16.77 * .01 = $0.1677

or, am I missing something?

the real way to verify this would be with a live funded account and make a couple of small trades

(no transaction fees in this test)

[NinjaTrader_Manfred]

Hello vantojo,

The profit would be listed in points (100 ticks each), not in individual ticks, which might have caused this misunderstanding.

As one tick would be the smallest possible movement on the chart, this would only be a 0.01 point movement.

Taking the first trade as an example: You entered at 30782.75 short and exited at 30765.98, this would actually be 16.77 points or 1677 ticks of profit.

At $1 per point, this would then even out at $16.77 in profit.

[vantojo]

Ok, I get it....thanks!

1677 ticks = $16.77

[vantojo]

By the way, is Ninja enabled for live trading with Coinbase?

[NinjaTrader_Manfred]

Hello vantojo,

While NinjaTrader can receive real-time data from Coinbase, we do not currently support live trading through this connection and it is not possible to connect to a specific Coinbase account.

[vantojo]

please add me to the wish list to enable live crypto trading

[NinjaTrader_Manfred]

Hello vantojo,

I've added a vote on your behalf to SFT-2334, which tracks interest in enabling live crypto trading.

When a feature request is implemented, you'll find a description of the new feature in the release notes:

• https://ninjatrader.com/support/help...ease_notes.htm

Please don't hesitate to let me know, should you have any further questions!