how do i know the tick size of the symbol ?

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Guest

how do i know the tick size of the symbol ?

Postby Guest » 17 Dec 2006

From easylanguage, how do i know the tick size of the symbol ?

thanks

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Stanley Miller
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Joined: 26 Jul 2005
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Postby Stanley Miller » 18 Dec 2006

MinMove returns a numeric expression representing the minimum movement allowed for a particular symbol.

MinMove * PriceScale returns the smallest increment between trades.

MinMove * PriceScale * BigPointValue returns the dollar value of the smallest change in price.

Guest

Postby Guest » 18 Dec 2006

MinMove returns a numeric expression representing the minimum movement allowed for a particular symbol.

MinMove * PriceScale returns the smallest increment between trades.

MinMove * PriceScale * BigPointValue returns the dollar value of the smallest change in price.


Thanks Stanley.

Does these reserved words take the values that are set in quote manager ?

If yes, then will it still work for certain Options where the tick size changes according to the option price ?

E.g for some options,
IF Price<3 then tick size is 0.01
else if Price>=3 then tick size is 0.05

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Stanley Miller
Posts: 556
Joined: 26 Jul 2005
Has thanked: 3 times

Postby Stanley Miller » 19 Dec 2006

Does these reserved words take the values that are set in quote manager ?


Yes, these values are taken from QuoteManager.

If yes, then will it still work for certain Options where the tick size changes according to the option price ?

E.g for some options,
IF Price<3 then tick size is 0.01
else if Price>=3 then tick size is 0.05


QuoteManager will not change the tick size automatically but it will work if you change it manually.

Guest

Postby Guest » 21 Dec 2006

Does these reserved words take the values that are set in quote manager ?


Yes, these values are taken from QuoteManager.

If yes, then will it still work for certain Options where the tick size changes according to the option price ?

E.g for some options,
IF Price<3 then tick size is 0.01
else if Price>=3 then tick size is 0.05


QuoteManager will not change the tick size automatically but it will work if you change it manually.


It would be impractical for a trader, to keep change the tick size when the price of the option changes.

If the program can handle this, it would be good.
But looks like it is not able to.
Oh well.....


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