Hello,
I try the following 3 combinations:
1).Lmax data feed for USD.JPY charts and X strategy based on Lmax lot applied on this chart (1 contract=1000 base currency)
2).IB data feed for USD.JPY charts and X strategy based on IB lot applied on this chart (1 contract = 1 base currency)
3).Lmax data feed for USD.JPY charts and X strategy based on IB lot applied on this chart (1 contract = 1 base currency)
for 1) and 2) , the results all show correctly.
for 3) , even if I select "Interactive Brokers" as broker plug in and set point value =1 in quote manager for for this IB fx instrument. The results is not the same as 2) .
It seems it is using point value from Lmax (1 contract =1000) instead getting it from IB (broker plug-in)
How do I fix this problem?
Where is strategy calculation getting its point value from?isn't it from broker plug in?or it is from Data feed?
or I have to change point value for Lmax(1 contact = 1 ) for 3) setting?
In that case, I will have problem with 1) setting
Please advise
FX Point value problem with different data feed [SOLVED]
- TJ
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Re: FX Point value problem with different data feed
Your strategy calculation is based on your chart.
Re: FX Point value problem with different data feed
Hello,TJ,
Thanks for reply. Do you mean strategy calculation is based on chart data feed?
If So, what if my chart data feed has different point value than the broker?
By the way, in strategy property, I have to set commission rule.
Is this for chart as well?
thanks
Thanks for reply. Do you mean strategy calculation is based on chart data feed?
If So, what if my chart data feed has different point value than the broker?
By the way, in strategy property, I have to set commission rule.
Is this for chart as well?
thanks
- TJ
- Posts: 7743
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2222 times
Re: FX Point value problem with different data feed
All the strategy calculations are done on the chart.
When your strategy triggers an order, the order is submitted to your broker as follows:
1. order type -- Buy, sell, limit, market or stop, etc.,
2. price
3. quantity
4. order in effect -- day order? GTC? etc.,
Your strategy does not know, and does not care who your broker is.
Your strategy does not know what language your broker speaks.
All your strategy knows is, when the logic is met, it will submit an order.
Think for a minute without LMAX or eSignal or IQFeed or whoever can supply you with the datafeed.
All you need to know is, when the logic is triggered, what is the quantity you want your broker to receive.
When your strategy triggers an order, the order is submitted to your broker as follows:
1. order type -- Buy, sell, limit, market or stop, etc.,
2. price
3. quantity
4. order in effect -- day order? GTC? etc.,
Your strategy does not know, and does not care who your broker is.
Your strategy does not know what language your broker speaks.
All your strategy knows is, when the logic is met, it will submit an order.
Think for a minute without LMAX or eSignal or IQFeed or whoever can supply you with the datafeed.
All you need to know is, when the logic is triggered, what is the quantity you want your broker to receive.
Re: FX Point value problem with different data feed [SOLVED]
Hello,TJ,
Thanks for the reply, it is good to know that 'quantity' is important and that is the one will send to brokers.
It seems I have to adjust point value of datafeed to be the same as broker's point value setting.
Thanks.
Thanks for the reply, it is good to know that 'quantity' is important and that is the one will send to brokers.
It seems I have to adjust point value of datafeed to be the same as broker's point value setting.
Thanks.