(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:

We are here to help. Just let us know what you need.

We work extremely hard to keep things positive in our community.

We do not tolerate rude behavior, trolling, or vendors advertising in posts.

We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.

We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.

So in ZN, ZB,ZF I am having trouble entering in the values in Excel (which way to format the cells)
I think I see what you are saying... so in the ZN contract it would be in 64ths because you can trade in half point increments.

Do I use the Dollarfr function? To convert the prices I am taking from my charts

This bit... (INT(J2)*64+(J2-INT(J2))/0.005) ... turns the price in cell J2 into "number of ticks" price. Hence since minimum price increment is 1/64 then a price of 131 becomes 131*64 = 8384. It follows that 131,005 becomes 8385.

So @xplorer's formula becomes
=ROUND(IF(E2="Long",J2price - G2price, G2price-J2price, 0)
ie if Long then J2-G2 and if short G2-J2 but the prices are in ticks.

The following 2 users say Thank You to SMCJB for this post:

Since the price is quoted in 64ths and not decimals, we first need to know how many 64ths we have and then convert that to decimals. We find out how many 64ths we have by first dividing by 0.005 and then dividing by 64 to convert to decimals.

Broker/Data: NinjaTrader Brokerage (formerly Mirus Futures)

Favorite Futures: ZB, UB, NQ

Posts: 260 since Jun 2011

Thanks: 375 given,
792
received

Not to beat a dead horse but.....

I don't mean to intrude (again) in this thread because it seems like you may have found an answer to your question already, however since you posted this last question on my birthday I thought I'd take another stab at a possible solution for your spreadsheet.

As I mentioned in my previous post in this thread, Excel does have built in "Functions" to handle the conversion you are trying to work through here from Decimals to Fractions and from Fractions to Decimals.

These functions can simplify the statements you have to put into your spreadsheet which in turn can reduce the chance for errors in your manual inputs or due to rounding.
[So assuming you are using Excel]

If you want to convert a number that is stated as a Fraction [using your ZN example in 64th's] of 131'120 to a Decimal
The statement you would put into Excel would be: =DOLLARDE(131.120,64) resulting in 131.187500 in Decimal format

If you want to convert a number that is stated as a Decimal [using the same ZN example] of 131.187500 to a Fraction
The statement you would put into Excel would be: =DOLLARFR(131.187500,64) resulting in 131.120 in 64'ths

If you want to do the same calculations for the ZB you would simply substitute the ,64 in the above formulas with ,32
If you want to work on a spreadsheet for the ZF you would use ,128

It should go without saying but I'll say it anyway, the number I used in the above examples 131.120 could simply be replaced by a Cell Reference that uses the numbers you already have in your spreadsheet and then calculates your result.

I have attached a small Excel file with examples of the two Functions described here converting Decimal Format numbers to Fractions and vice versa.

I hope it helps
TGN

The following 5 users say Thank You to TopGunNote for this post: