BigPointValue, PointValue, MinMove

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TJ
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BigPointValue, PointValue, MinMove

Postby TJ » 07 Sep 2008

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?

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TJ
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Postby TJ » 07 Sep 2008

HSI is returning:

BigPointValue = 50
PointValue = 50
MinMove = 1
PriceScale = 1


GOOG is returning:

BigPointValue = 1
PointValue = 0.01
MinMove = 1
PriceScale = 100

bruiser
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re:BigPointValue, PointValue, MinMove

Postby bruiser » 08 Sep 2008

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.

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TJ
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Postby TJ » 08 Sep 2008

Thank you Bruiser!

I learned something new from you today.

The Keywords are returning the proper value now.

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TJ
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Postby TJ » 08 Sep 2008

just a curious question, shouldn't the ES MinMove be set at 0.25 instead of 25?

Doesn't that make more sense?

fs

Postby fs » 08 Sep 2008

just a curious question, shouldn't the ES MinMove be set at 0.25 instead of 25?

Doesn't that make more sense?


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.

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Marina Pashkova
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Postby Marina Pashkova » 26 Sep 2008

Hi guys,

In our system, MinMov can only be a whole number. And then the system takes the PriceScale value into consideratio and brings the two values together.
That's how it is.

Regards.


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