Exit strategy ticks for E-Mini

Questions about MultiCharts and user contributed studies.
kdmezzo
Posts: 10
Joined: 19 Aug 2011

Exit strategy ticks for E-Mini

Postby kdmezzo » 08 Dec 2012

I recently opened a demo account to trade the E-Mini. I have been trading forex but wanted to try my hand at some futures. I was able to get the instrument figured correctly for the DOM but I am having problems with setting the profit target values in ticks. When I set it to 5 ticks, I was closed out almost immediately. Can someone who perhaps trade the E-mini assist me in figuring out the tick values for exit strategies for the E-Mini. I must be doing something wrong.

escamillo
Posts: 197
Joined: 25 Mar 2011
Has thanked: 22 times
Been thanked: 55 times

Re: Exit strategy ticks for E-Mini

Postby escamillo » 08 Dec 2012

]
Last edited by escamillo on 17 Nov 2014, edited 1 time in total.
These users thanked the author escamillo for the post:
TJ

kdmezzo
Posts: 10
Joined: 19 Aug 2011

Re: Exit strategy ticks for E-Mini

Postby kdmezzo » 08 Dec 2012

Thanks Escamillo,

I was looking more at just attaching one of the prebuilt exit strategies for the DOM. The exit strategies ask for ticks or percentage. I believe that the tick value input is different. Similar to the input values that I have to enter when trading 5 digit forex instruments. A 20 pip stop input would be 200 with a 5 digit instrument. Hope this is not too confusing.

Best

User avatar
Andrew MultiCharts
Posts: 1587
Joined: 11 Oct 2011
Has thanked: 931 times
Been thanked: 557 times

Re: Exit strategy ticks for E-Mini

Postby Andrew MultiCharts » 10 Dec 2012

Hello kdmezzo,

You are right, for both FOREX and futures 1 tick in terms of settings for exit strategies is 1 minimum price movement. It depends on price scale and min. movement settings of the symbol in your QuoteManager. That's why for forex when customers expect 20 "classical" ticks it should be 200 ticks in MC, however we are thinking of improvements for forex traders in future.
As for quick execution of your exit orders on futures, they may several reasons. First, make sure the settings in QM (right-click on the symbol -> edit symbol... -> settings) are realistic. Secondly make sure the symbol mapping is set up correctly. This article may help you.


Return to “MultiCharts”