BigPointValue

curiousMan · Postby **curiousMan** » 22 Jan 2015

This field - Bars.Info.BigPointValue - is defined as

double BigPointValue { get; } - Profit/loss money equivalent in the instrument currency,
when the price moves by one minimum increment, for example, for ES = 50 ;

Well, let's run the simple code:

Code: Select all


		private bool m_once = true;

		protected override void CalcBar()

		{

			if( this.Bars.LastBarOnChart && m_once)

			{

				Output.WriteLine( "{0}\tInfo.BigPointValue\t{1:F2}",  Bars.Info.Name, Bars.Info.BigPointValue);

				Output.WriteLine( "{0}\tInfo.MinMove    {1}",  Bars.Info.Name, Bars.Info.MinMove);

				Output.WriteLine( "{0}\tInfo.PriceScale {1:F6}",  Bars.Info.Name, Bars.Info.PriceScale);

				Output.WriteLine( "{0}\tInfo.PointValue {1:F6}",  Bars.Info.Name, Bars.Info.PointValue);

				Output.WriteLine( "{0}\tBars.Point      {1:F6}",  Bars.Info.Name, Bars.Point);



				m_once = false;

			}

		}

and look at its result for some instruments (MC.NET - Oanda):

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EUR/USD	Info.BigPointValue	100000.00

EUR/USD	Info.MinMove    1

EUR/USD	Info.PriceScale 10000.000000

EUR/USD	Info.PointValue 10.000000

EUR/USD	Bars.Point      0.000100



GBP/JPY	Info.BigPointValue	1.00

GBP/JPY	Info.MinMove    1

GBP/JPY	Info.PriceScale 1000.000000

GBP/JPY	Info.PointValue 0.001000

GBP/JPY	Bars.Point      0.001000



EUR/GBP	Info.BigPointValue	1.00

EUR/GBP	Info.MinMove    1

EUR/GBP	Info.PriceScale 100000.000000

EUR/GBP	Info.PointValue 0.000010

EUR/GBP	Bars.Point      0.000010

Does anybody know why BigPointValue = 100,000 for EUR/USD? What does "BigPointValue = 1" mean for other instruments? Is it a profit/loss when the price moves to 1 point? And in what currency?

Maybe someone has a method that returns a cost (in the account currency) of 1 point moving? Would be highly appreciate for such method.

Thanks.

Henry MultiСharts · Postby **Henry MultiСharts** » 22 Jan 2015

Hello curiousMan,

When trading Forex with Oanda 1 in MultiCharts = 1 at Oanda. So the correct Big Point Value for Forex Oanda instruments is 1.
Please add the instruments using Lookup to have the correct instrument parameters provided by the data feed API or manually change the values.

You can find the Big Point Value description at the following page: Settings Instrument Properties.

Min.Movement * Price Scale is the price of 1 tick in chart price.
Min.Movement * Price Scale * Big Point Value is the price of 1 tick in the secondary currency of the Forex pair.

In order to convert amount of money from one currency into another one according to currency rate on specified date you can use the ConvertCurrency Method.

curiousMan · Postby **curiousMan** » 23 Jan 2015

Thank you Henry!

Min.Movement * Price Scale * Big Point Value is the price of 1 tick in the secondary currency of the Forex pair.

So for example for EUR/GBP we have (see the parameters in my first post)

1 * 100,000 * 1

Seems it's too many for 1 point movement, isn't it?

Another question: I need to know a currency of the current account. It seems I can get it from the collection of accounts:

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this.TradeManager.TradingData.Accounts

But as it turned out the collection is empty (this.TradeManager.TradingData.Accounts.Items.Length == 0)

Is there another way to get account currency?

Thanks.

Henry MultiСharts · Postby **Henry MultiСharts** » 26 Jan 2015

So for example for EUR/GBP we have (see the parameters in my first post)
1 * 100,000 * 1
Seems it's too many for 1 point movement, isn't it?

The correct Big Point Value for Forex Oanda instruments is 1. Please add the instruments using Lookup to have the correct instrument parameters provided by the data feed API or manually change the values.

Another question: I need to know a currency of the current account. It seems I can get it from the collection of accounts:
Code: Select all
this.TradeManager.TradingData.Accounts
But as it turned out the collection is empty (this.TradeManager.TradingData.Accounts.Items.Length == 0)
Is there another way to get account currency?
Thanks.

Please make sure the broker profile is connected. You can try using the attached sample code.

BigPointValue

BigPointValue

Re: BigPointValue

Re: BigPointValue

Re: BigPointValue