Currently, it is only allowed to enter absolute value for slippage and commission. However, when trading futures symbols, it would be more reasonable to set them in percent.
Is this too hard to implement?
Slippage and Commission in % value as well
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007
Welcome back, Marina.
This forum certainly has been half-alive without you for the last couple weeks.
And thanks for accepting my suggestion.
I would like to elaborate more on this idea as follows:
The commission in our case is calculated as follows:
Commission Per Trade = BigPointValue x Fill Price * Commission Rate
where, Per Trade means either 1 buy or 1 sell.
Therefore, it is more natural and correct to use % as the commission rather than a fixed amount per trade.
And for Slippage, I would rather like to enter the # of ticks per trade. For example, 0.5 tick or 0.8 tick. Tick value for each symbol is differnet but we can calculate the tick value as follows (and MC definitely knows this):
1 Tick = BigPointValue * MinMove / PriceScale
In summary, I wish I could have additional option to enter slippage in ticks and commission in %.
This forum certainly has been half-alive without you for the last couple weeks.
And thanks for accepting my suggestion.
I would like to elaborate more on this idea as follows:
The commission in our case is calculated as follows:
Commission Per Trade = BigPointValue x Fill Price * Commission Rate
where, Per Trade means either 1 buy or 1 sell.
Therefore, it is more natural and correct to use % as the commission rather than a fixed amount per trade.
And for Slippage, I would rather like to enter the # of ticks per trade. For example, 0.5 tick or 0.8 tick. Tick value for each symbol is differnet but we can calculate the tick value as follows (and MC definitely knows this):
1 Tick = BigPointValue * MinMove / PriceScale
In summary, I wish I could have additional option to enter slippage in ticks and commission in %.
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007
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- Posts: 11
- Joined: 04 Jan 2011
Re: Slippage and Commission in % value as well
I also have a need for this feature. Interactive Brokers charges me 0.08% per trade with a $6 minimum on the Australian Stock Exchange. This is a MUST for accurate backtesting.
- Dave Masalov
- Posts: 1712
- Joined: 16 Apr 2010
- Has thanked: 51 times
- Been thanked: 489 times
Re: Slippage and Commission in % value as well
Dear SeanBannister,
This feature has not been implemented yet. You may want to post a feature request in Project Management: https://www.multicharts.com/pm/
This feature has not been implemented yet. You may want to post a feature request in Project Management: https://www.multicharts.com/pm/
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- Posts: 11
- Joined: 04 Jan 2011
Re: Slippage and Commission in % value as well
Cheers, I've posted an issue at:
https://www.multicharts.com/pm/viewissu ... _no=MC-105
https://www.multicharts.com/pm/viewissu ... _no=MC-105