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How to Determine Symbol Settings

464 bytes added, 15:37, 27 January 2023
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The symbol settings are located in the '''Edit Symbol''' menu of [[QuoteManager]], in the '''Settings''' tab. Also , it is possible to set apply the settings for to the whole [[Symbol_Dictionary_for_Futures| root]] or [[Setting_Exchanges_%26_ECNs| exchange]].==== 1. Price Scale: ====
Price Scale stands for the number of decimals after the delimiter.
Price Scale can be determined by plotting a chart.<br>
 
'''Example:''' Set Price Scale = 1/10000 and watch the prices on chart. If prices contain too much digits, remove the corresponding number of zeroes in the Price Scale value.
 ==== 2. Min. Movement: ====
The minimum price movement must be an integer.
Min. Movement can be determined by plotting a chart too. Adjust the value so that there are no price levels without real prices on chart.
==== 3. Big Point Value: ====
The correct Big Point Value depends on your broker account.<br>
 
'''Example:''' If the minimum lot size on your account is 1000, set up BPV = 1000, if it is 10000, then set up BPV = 10000 accordingly.
==== Note ====Min. Movement * Price Scale returns the smallest increment between trades. <br>Min. Movement * Price Scale * Big Point Value returns the currency value of the smallest change in price.<br> Knowing that you can calculate the correct values for symbol parameters.<br> For example, ES symbol has the following parameters: Price Scale = 1/100; Min. Move = 25; BPV = 50; Currency = $<br> 1/100 * 25 * 50 = 12.5<br> The smallest change in price for ES symbol = $12.5
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[[Setting_Properties|'''More info''']]
[[Category:FAQ]]

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