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Convert price difference into currency

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    Convert price difference into currency

    hi,
    How to convert difference between two price points (e.g. Close and High) into currency (Profit or loss). I am trying to adjust the stop loss order using a price target.
    Thanks,
    Sam

    #2
    Hello Sam,

    Can you please check what 'Tick size' and 'Point value' is used for the instrument first. Go to Control Center-->Tools-->Instruments. Double click the futures instrument to view these settings.

    For example, the ES futures uses a Tick size of 0.25 and Point value of 50. This means 1 tick equals $12.50.

    If you have the following prices: 3659.00 and 3661.50, there is a 10 tick difference, so the price difference is $125.

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      #3
      Thanks. I want to do this programmatically. I could not find a field for the point value. Can you help with this?
      Thanks,
      Sam

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        #4
        Can you please create a new post under "NinjaTrader 8 - General Development" regarding this inquiry. If you create an indicator, please post it under "NinjaTrader 8 - Indicator Development". If you create an automated strategy, please post it under "NinjaTrader 8 - Strategy Development".

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