Pip/Tick size and value for crypto
21 replies
CooleRnax
4 years ago #241918
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?
tomas262
4 years ago #241926
When its set incorrectly it will give you misleading numbers. What is your broker for BTCUSD and ETHBTC?
CooleRnax
4 years ago #241931
MultiCharts – Bitfinex
tomas262
4 years ago #241971
Seems they do not have any instrument specifications listed. You can contact them and ask about minimum price fluctuations and value of that
CooleRnax
4 years ago #242172
tick size is minimum order size?
tomas262
4 years ago #242197
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
CooleRnax
4 years ago #242209
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.
CooleRnax
4 years ago #242227
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
hankeys
4 years ago #242234
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? We started using StrateQuant software in early 2014. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM.
bentra
4 years ago #242241
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?
hankeys
4 years ago #242242
lack of data
brokers – only long side, swaps, margins, spreads
no consistency in market
You want to be a profitable algotrader? We started using StrateQuant software in early 2014. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM.
CooleRnax
4 years ago #242254
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
tomas262
4 years ago #242318
“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
CooleRnax
4 years ago #242325
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
kasinath
3 years ago #267245
Did you ever get help with this?
I find it surprising there is very little discussion or help with Crypto strategies.
hankeys
3 years ago #267246
for me whole crypto is rollercoaster and mostly “expensive” …to find some usefull strats is not easy, which will be profitable on the long term and has some edge
second problem is simple – where do get realiable data and what broker to use?
You want to be a profitable algotrader? We started using StrateQuant software in early 2014. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM.