according to the manual, the following keywords should return these values for ES E-mini S&P 500:
BigPointValue = 50
PointValue = 0.50
MinMove = 25
However I am getting the following results:
BigPointValue = 1
PointValue = 0.0001
MinMove = 1
PriceScale = 10000
Why ?
Version 4.0 Beta 1 (Build 1440), my datafeed is IB
p.s. why is POINT not implemented?
BigPointValue, PointValue, MinMove
- TJ
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- TJ
- Posts: 7742
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re:BigPointValue, PointValue, MinMove
Hi TJ,
When testing BigPoint, PointValue, & MinMove on
Version 4.0 Beta 1 (Build 1440), & IB datafeed I can confirm the CORRECT figures that you identified for ES E-mini S&P 500:
ie
BigPointValue = 50
PointValue = 0.50
MinMove = 25
Just double check what Settings Details you have in QuoteManager for each symbol. (The IB datafeed doesn't seem to set correctly by default)
Example for ESU8:
In QuoteManager click on ESU8
Right Click->Edit Symbol
On Settings Tab:
Use Custom Settings
Price Scale: 1/100
Min. Movement: 25
BigPoint Value: 50
OK/Apply
Close QuoteManager
ReOpen QuoteManager
Hopefully that does the trick for you.
When testing BigPoint, PointValue, & MinMove on
Version 4.0 Beta 1 (Build 1440), & IB datafeed I can confirm the CORRECT figures that you identified for ES E-mini S&P 500:
ie
BigPointValue = 50
PointValue = 0.50
MinMove = 25
Just double check what Settings Details you have in QuoteManager for each symbol. (The IB datafeed doesn't seem to set correctly by default)
Example for ESU8:
In QuoteManager click on ESU8
Right Click->Edit Symbol
On Settings Tab:
Use Custom Settings
Price Scale: 1/100
Min. Movement: 25
BigPoint Value: 50
OK/Apply
Close QuoteManager
ReOpen QuoteManager
Hopefully that does the trick for you.
- TJ
- Posts: 7742
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2222 times
- TJ
- Posts: 7742
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2222 times
Yes, it does make more sense, but for some reason Minmove get multiplied by price scale in the P/L caluclations. So if you want correct P/L calculations, you will always have to make sure that your settings are set so that Minmove * Pricescale give you the real/correct tick move. Doesn't make sense, but just one of this things you have to live with.just a curious question, shouldn't the ES MinMove be set at 0.25 instead of 25?
Doesn't that make more sense?
- Marina Pashkova
- Posts: 2758
- Joined: 27 Jul 2007