NexusFi: Find Your Edge


Home Menu

 





Minimum tick movement vs 1 contract value


Discussion in Commodities

Updated
      Top Posters
    1. looks_one Fat Tails with 6 posts (6 thanks)
    2. looks_two NinjaTrader with 5 posts (3 thanks)
    3. looks_3 gracepips with 4 posts (1 thanks)
    4. looks_4 max-td with 1 posts (2 thanks)
      Best Posters
    1. looks_one max-td with 2 thanks per post
    2. looks_two Fat Tails with 1 thanks per post
    3. looks_3 NinjaTrader with 0.6 thanks per post
    4. looks_4 gracepips with 0.3 thanks per post
    1. trending_up 13,826 views
    2. thumb_up 14 thanks given
    3. group 7 followers
    1. forum 21 posts
    2. attach_file 1 attachments




 
Search this Thread

Minimum tick movement vs 1 contract value

  #11 (permalink)
gracepips
Northern Ireland, UK
 
Posts: 68 since Dec 2010
Thanks Given: 76
Thanks Received: 43


max-td View Post
to complete the hint -collection here :

the NinjaTrader - Instrument Manager (Tools > Instrument Manager )
also gives you an overview of tickvalues + more of your contracts :

you see how much 1 full point is worth in $$
and what value the smallest possible size (ticksize) is.

then you need some maths

Great job Max and very handy.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Better Renko Gaps
The Elite Circle
Are there any eval firms that allow you to sink to your …
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
24 thanks
The Program
18 thanks
  #12 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


max-td View Post
to complete the hint -collection here :

the NinjaTrader - Instrument Manager (Tools > Instrument Manager )
also gives you an overview of tickvalues + more of your contracts :

you see how much 1 full point is worth in $$
and what value the smallest possible size (ticksize) is.

then you need some maths

The NinjaTrader settings are 98% correct, but

-> I have found some false settings as well: the only legitimate source remains the exchange

-> there are some instruments (softs, including SB, KC, CT) which - although officially quoted in cents - are quoted in $ by some brokers and data providers, so this may need to be adjusted

Reply With Quote
Thanked by:
  #13 (permalink)
 
NinjaTrader's Avatar
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
Posts: 1,713 since May 2010
Thanks Given: 203
Thanks Received: 2,686



Fat Tails View Post
The NinjaTrader settings are 98% correct, but

-> I have found some false settings as well: the only legitimate source remains the exchange

-> there are some instruments (softs, including SB, KC, CT) which - although officially quoted in cents - are quoted in $ by some brokers and data providers, so this may need to be adjusted

If you ever find values in the Instrument Manager that are invalid or not update to date, please report it so we can update the database.

Thanks.

Follow me on Twitter Reply With Quote
Thanked by:
  #14 (permalink)
 MXASJ 
Asia
 
Experience: Beginner
Platform: NinjaTrader, TOS
Posts: 796 since Jun 2009
Thanks Given: 109
Thanks Received: 800


NinjaTrader View Post
If you ever find values in the Instrument Manager that are invalid or not update to date, please report it so we can update the database.

Thanks.

I think there is a Known Issue with ICE/NYBOT as per here:



Depending on your data vendor you may or may not have an issue. But correct me if I'm wrong...

Also, its time to get 2012 contracts into Instrument Manager so one can follow the various curves. I recognize that Static Data Management (such as Instrument Manager) is a full-time job at some shops but its great Ninja does most of the work for me.

Reply With Quote
  #15 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


NinjaTrader View Post
If you ever find values in the Instrument Manager that are invalid or not update to date, please report it so we can update the database.

Thanks.

That is what I have done in the past.

It had only affected two or three of the less known (but still liquid) futures contracts.

The only problem that I currently have is with SB (same with CT and KC). But this is specific to my configuration. Interactive Brokers quotes these in $ (which is not in line with the contract definition).

The daily data of Interactive Brokers cannot be used with Ninjatrader in CET (GMT+1) , as NinjaTrader will only display four daily bars per week for a number of instruments (all instruments with session close after midnight local time). I am not complaining about this (as I did with NT 6.5), because I can use Kinetick EOD, which is better quality anyhow.

However, Kinetick quotes SB prices in cents (as should be according to contract definition).

Problem occurs, if I use an indicator that loads daily bars onto my intraday chart. I will have daily prices in cents, and intraday prices in USD. This is not a big deal, as all indicators can be adapted for the 3 instruments to comply with the problem (division of daily data by 100).

It would of course be preferable, if the Kinetick adapter would allow for division by 100 via the symbol settings. In this case I would not have to recode the indicators, if I want to trade SB (or KC, CT).

But this is just a suggestion for further improvement.

Reply With Quote
Thanked by:
  #16 (permalink)
 
NinjaTrader's Avatar
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
Posts: 1,713 since May 2010
Thanks Given: 203
Thanks Received: 2,686


MXASJ View Post
I think there is a Known Issue with ICE/NYBOT as per here:



Depending on your data vendor you may or may not have an issue. But correct me if I'm wrong...

Also, its time to get 2012 contracts into Instrument Manager so one can follow the various curves. I recognize that Static Data Management (such as Instrument Manager) is a full-time job at some shops but its great Ninja does most of the work for me.

Someone on my team will be looking into this over the next few days and if we find any inaccuracies, we will report here and resolve them for our next update.

Follow me on Twitter Reply With Quote
  #17 (permalink)
 
NinjaTrader's Avatar
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
Posts: 1,713 since May 2010
Thanks Given: 203
Thanks Received: 2,686


Fat Tails View Post
It would of course be preferable, if the Kinetick adapter would allow for division by 100 via the symbol settings. In this case I would not have to recode the indicators, if I want to trade SB (or KC, CT).

But this is just a suggestion for further improvement.

Thanks Fat Tails,
I have sent this over to Josh to log in our feature suggestion database.

Follow me on Twitter Reply With Quote
Thanked by:
  #18 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


NinjaTrader View Post
Thanks Fat Tails,
I have sent this over to Josh to log in our feature suggestion database.

I may have already requested it. But it is really a "nice to have", not a high priority issue. It only occurs with two colliding data feeds and there is a workaround available. So I am not very excited about this

Reply With Quote
  #19 (permalink)
 traderwerks   is a Vendor
 
Posts: 692 since Jun 2009
Thanks Given: 436
Thanks Received: 465


NinjaTrader View Post
If you ever find values in the Instrument Manager that are invalid or not update to date, please report it so we can update the database.

Thanks.

The tick size of the Bobl ( FGBM ) always seems to be set at the old size ( 0.005 ) instead of ( 0.01 ) in NinjaTrader. I go in to the instrument manager and change in on fresh installs since Eurex changed the tick size from 0.005 to 0.01 in the spring of '09.

Math. A gateway drug to reality.
Reply With Quote
  #20 (permalink)
 
NinjaTrader's Avatar
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
Posts: 1,713 since May 2010
Thanks Given: 203
Thanks Received: 2,686



traderwerks View Post
The tick size of the Bobl ( FGBM ) always seems to be set at the old size ( 0.005 ) instead of ( 0.01 ) in NinjaTrader. I go in to the instrument manager and change in on fresh installs since Eurex changed the tick size from 0.005 to 0.01 in the spring of '09.

In NinjaTrader 7.0.1000.4, my FGBM is by default set to 0.01. I don't recall how long ago this was changed but you could try Tools > Options > Data > Reset Instruments to set it factory default.

Follow me on Twitter Reply With Quote




Last Updated on April 5, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts