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Forums>StrategyQuant>General Discussion>Pip/Tick size and value for crypto

  • #241918|
    Participant
    9 Posts

    I don’t understand tick size and tick value settings.

    Please provide the example for BTCUSD and ETHBTC.

    If the settings are wrong how can it affect strategy generation process?

    #241926
    tomas262
    Administrator
    1193 Posts

    When its set incorrectly it will give you misleading numbers. What is your broker for BTCUSD and ETHBTC?

    #241931
    Participant
    9 Posts

    MultiCharts – Bitfinex

    #241971
    tomas262
    Administrator
    1193 Posts

    Seems they do not have any instrument specifications listed. You can contact them and ask about minimum price fluctuations and value of that

    #242172
    Participant
    9 Posts

    tick size is minimum order size?

    #242197
    tomas262
    Administrator
    1193 Posts

    Tick size represents minimum price fluctuation of a market. For example tick size for stock market is usually 0.01 (1 cent).

    The minimum order size is different. You can trade for example 1  or 10 futures contracts, 0.1 or 3.8 lots of EURUSD which represents certain amount of an asset traded. You need to understand the instrument specification properly before you trade it

    #242209
    Participant
    9 Posts

    Seems like I thought that pip step is pip size.

    Now I don’t understand what is pip step and how pip value is calculated.

    So I requested the info from the exchange and got a response:

    We use 5 significant digits precision across the platform.

    So if BTC price is over 10000 USD, so a tick size is 1. However, if the price goes below 10000, tick size, step and value would change accordingly.

    For ETHBTC the precision is same 5 significant digits with 0.000001 min movement.

     

    #242227
    Participant
    9 Posts

    After some research I ended up with:

    Am I correct?

     

    BTCUSD: (used 0.1 instead of 1 for better historical results)

    size: 0.1

    step: 0.01

    value 0.1

     

    ETHUSD:

    size: 0.01

    step: 0.001

    value 0.01

     

    ETHBTC:

    size: 0.000001

    step: 1e-7

    value 0.01

    • This reply was modified 3 months, 2 weeks ago by  CooleRnax.
    • This reply was modified 3 months, 2 weeks ago by  CooleRnax.
    #242234
    Customer
    241 Posts

    i am afraid that you need to find it for yourself…there is nobody doing this…trading crypto by EAs from SQ doesnt make sense to me

    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.

    #242241
    Customer
    50 Posts

    i am afraid that you need to find it for yourself…there is nobody doing this…trading crypto by EAs from SQ doesnt make sense to me

    Why doesn’t it make sense to you? What’s wrong with trading crypto with EA?

    #242242
    Customer
    241 Posts

    lack of data

    brokers – only long side, swaps, margins, spreads

    no consistency in market

    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.

    #242254
    Participant
    9 Posts

    Tick size represents minimum price fluctuation of a market. For example tick size for stock market is usually 0.01 (1 cent). The minimum order size is different. You can trade for example 1 or 10 futures contracts, 0.1 or 3.8 lots of EURUSD which represents certain amount of an asset traded. You need to understand the instrument specification properly before you trade it

    It seems like I actually was correct:

    Tick step is minimum market movement. (not tick size)

    And Tick size = Tick step * 10

    Please confirm

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    #242318
    tomas262
    Administrator
    1193 Posts

    “Pip step” is used mainly with forex markets with some brokers where each pip is further divided into 10 points. So called 5-digit brokers

    In futures/stock market the tick is really the minimum price change possible. The same applies to BTC futures for example traded on CME

    Not sure about the crypto markets though

    #242325
    Participant
    9 Posts

    Here is the update:

    Does it look correct?

     

    BTCUSD: (used 0.1 instead of 1 for better historical results)

    size: 1

    step: 0.1

    value 0.1

     

    ETHUSD:

    size: 0.1

    step: 0.01

    value 0.01

     

    ETHBTC:

    size: 0.00001

    step: 0.000001

    value 0.01

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