Not logged in
Viewing 6 posts - 1 through 6 (of 6 total)

Forums>StrategyQuant>General Discussion>Instrument Specification & Spread

  • #258569 |
    Participant
    16 Posts

    I have a question on settings for spread, slippage and min distance.

    When entering these numbers what should  these numbers be based on? For example for the instrument specification as follows:

    Pip/Tick Size = 0.01

    Pip/Tick Step= 0.001

     

    If I enter 10 in the spread setting am I correct in saying that SQX will equate this to 0.01 x 10 = $0.1 actual price difference between bid and ask?

    Are slippage and min distance calculated with the same multipliers?

    #258571
    Customer
    429 Posts

    step decimal points – should be set as a decimal points by your broker, for example EURUSD has 5 decimals, so step will be 0.00001, by this setting you are saying what is the lowest posibble move, si this is tick for forex

    and by size value, you are setting where lies 1 pip move, so for forex 10 ticks = 1 pip, because of that size is by 1 decimal point smaller

    if you set this way spread and slippage will be set in pips

    for currencies its very simple, we have only JPY pairs, which has 3 decimals, other markets has 5 and everything is set correctly by dukascopy data itself

    for indices, etc. you need to know what is your broker using…so the setting is little tricky

    You want to be a profitable algotrader? Sharing of final strategies with real traders just started. Fill in this FORM. 1500+ final SQ3 and SQX strategies for members running on demo accounts DEMO ACCS. We provide also strategies for indices - DAX and DOW JONES, because we have realtick data from brokers.

    #258572
    Participant
    16 Posts

    Thanks hankeys.

    #258573
    Participant
    16 Posts

    So the spread you enter is the number of units of spread in terms of the Pip/Tick size specification window?

    #258610
    Customer
    429 Posts

    yes…you can see the real spread in MT platform itself, but the value is in ticks – the lowest possible moves by decimal points

    so if i see spread as 11, i need to set it in pips – so 1.1, but for backtests i will set worse value, for example for EURUSD 2, GBPUSD 3, GBPJPY – 6, because of widening the spreads because of news, or evening

    we dont need accurate backtest, we need to be profitable for the future

    Attachments:
    You must be logged in to view attached files.

    You want to be a profitable algotrader? Sharing of final strategies with real traders just started. Fill in this FORM. 1500+ final SQ3 and SQX strategies for members running on demo accounts DEMO ACCS. We provide also strategies for indices - DAX and DOW JONES, because we have realtick data from brokers.

    #258728
    Participant
    16 Posts

    Cheers.

Viewing 6 posts - 1 through 6 (of 6 total)

You must be logged in to reply to this topic.