Correct data settings

In the eBook you have some suggestions for data settings.

Example

¦ CAD, ¦.CHf,¦..JPY¦ etc.

Do the ¦. Mean only USD in the place of¦¦or any pair?

Example

In ¦CAD you use USDCAD (1,3244) resulting in point value 75.500 USD.

What if it is EURCAD like in my case?

I used current ratio USDCAD which is 1,3063 so I put tick value 76.552 USD.

Will this be applied for both EURCAD and USDCAD? Or I need to further convert to Euros? Or use EURCAD rate which is 1,4666?

 

Same about the rest. Will I use GBPUSD rate to assign correct point value to EURGBP? GBPUSD is 1,4441 so I used point value for EURGBP 144.410 (as I would for USDGBP if it existed)¦

 

My recent list (prices not as of this moment but close). Please confirm for crosses correct point values

 

RATE IN USD

CROSS

Point V

GBPUSD

1,4441

EURGBP

144.410

USDCAD

1,3063

EURCAD

76.552

USDJPY

109,043

GBPJPY

917

USDJPY

109,043

USDJPY

917

NZDUSD

0,68

AUDNZD

68.000

USDCHF

0,987

USDCHF

101.317

 

If you trade EURCAD (currently having rate of 1.47) then you basically are buying or selling 100,000 EUR using 147,000 CAD

So to get USD value you need now CADUSD rate (currently 0.77). 147,000 CAD equals = 113,200 USD

 

The point value for EURCAD expressed using USD would be 113,200 USD

(Removed in retrospect because it was an embarrassing beginner question and didn’t add any value, haha)

Please confirm:

EURGBP

0,79

GBP

78.572

GBPUSD

1,45

PV IN$

114.006

EURCAD

1,45

CAD

144.572

CADUSD

0,79

PV IN$

113.998

GBPJPY

154,87

JPY

15.487.000

JPYUSD

0,00937

PV IN$

145.118

USDJPY

106,72

JPY

106.720

 

 

PV IN$

937

AUDNZD

1,05

NZD

104.620

NZDUSD

0,71

PV IN$

74.605

USDCHF

0,96

CHF

95.880

 

 

PV IN$

104.297

 

Alexis

alexis, yes seems correct

 

I also made a mistake in the post above. You always expressing currency pair as 100 000 of currency at the second position i.e. the point value for EURGBP is 100,000 multiplied by the current EURGBP rate (at this moment it is 0.78). So the $$$ point value for EURUSD in SQ is 78,000 USD. For JPY pairs just multiply rate by 1,000

If I’m setting up the data import – if I’m trading US dollars and I wish to set up an exotic currency like USDMXN. I take 100,000 and multiply by the current rate (18.24 as of this writting)? So it becomes 1,824,000 ?

 

What about fluctuations?  if the testing period has a long range, doesnt it screw up the results?

If your strategy is not part of a bigger portfolio you can do all work using MXN currency without conversion to USD. As you mentioned the rate is still fluctuating hence the results will always be bit off

Hello!

 

How to set cost per roundturn in SQ 

IC Markets has 5.5$ roundturn in eur account 

Hello!

 

How to set cost per roundturn in SQ 

IC Markets has 5.5$ roundturn in eur account 

Edit your history data and you will see it

Edit your history data and you will see it

That I know 

I mean 

1.set to 5.5$

2.set higher than 5.5$ like 6,7,8……………..

Yes, you can use the decimal point