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It used to. I thought all I changed a while back was that statement. I was
using sim with the CL then, not $EURUSD. Something is wrong, but after checking
it out for more than 45 minutes I don't know what. I could e-mail NT support but
it's a holiday.
Apparently you are indeed correct. 6E does work. This makes it
harder as far as sim in the $EURUSD is concerned. I guess people
would have to write down PnL by hand.
You are only trading onecontract. In order to see PnL in Replay for EURUSD you have to trade more than 1000 contracts. This is a standard mini lot with a real account.
However, Replay does not work at all when you have that many contacts while using targets. The volume is off and it will take a hour to exit one trade and will likely freeze your computer up. So dont do it!!
The way to get around is to keep the one contract and view points instead. If you are using a strategy then you can use the summary to find the number of points. See attached pic. The example shows a 1223 point loss. Then calculate externally how much profit is made. If you are manually trading then you can use the orders or execution tabs in the control center to find the points for trades.
Example 100 tick move profit calculation for EURUSD:
100,000 lot: $10 * 100 = $1,000
10,000 lot: $1* 100 = $100
1,000 lot: $.1 * 100 = $10
The other option is to change how much a contract is worth in the NT settings. Although, I would not advise doing this unless you have a seperate computer for testing. It screws other stuff up when trading live.
You could trade 6E but the results will be different because 6E does not move 1 to 1 with EURUSD.
Thanks, this is much appreciated. A few questions and comments.
Attachment (first) shows a 2 point loss as I understand it?
{At this moment I'd just like to see a profit in sim after a few hours. How much exactly,
would be a matter for the future.}
Attachment (second) shows volume? But you're saying Market Replay still won't like it?
I've only been playing around with futures in sim, so I'm glad you told me about a minimum trade being
1000 contracts. (I don't understand that, but I'll go with it.)
You're saying: @1,000 lot: $.1 * 10 = $1 (ie. for a 10 tick move)
10 cents is correct. 1000 lot is considered to be a micro lot. It is the smallest amount which can be traded on the EURUSD. 10,000 is standard lot. This is what most brokers allow you to trade on the EURUSD.
The 6E is equivilant to 125,000 EURUSD.
125,000 * .0001(tick value) = 12.50.
To me, it only takes you to pull up your main window which has the pertinent information as to how you are. Remember, never trust your screens as sometimes you will still have orders in and think you are flat. It has happened to me a couple times. (Of course they had stops in as well most times...)
Whenever I close out a trade LIVE, I ALWAYS check the FCM's web interface as well as the main Ninja Terminal window to verify that I am flat etc.. I also record that via video... I have heard others having the unfortunate circumstances that they would get orders on their account through software glitches... (I have limited exp. live on Ninja Trader as I was using ATC interface through Dorman and also Tradestation and also MT4.)
Also, I find profit on my screen to be distracting. One thing I am learning as I grow is that the only thing that matters is the current trade or NEXT TRADE. Nevermind ANYTHING that happened before UNLESS you are martingaling...
NT is a great platform for commodities and I truly do hope it gets better for currencies...
What do you mean by main window? There are a number of windows at Control Center.
I don't want to assume about this.
One way in NT (in sim at least) to flatten everything is to click on Flatten Everything
in ChartTrader. See attachment. Would you say that is the best way? I never use a DOM.
By FCM, would that mean MB Trading, if I went with them as a brokerage?
So I would log on to MB Trading to check my personal account status, or...????
I need to know how I'm doing, in a general way. I possibly might be doing better in Market Replay lately.
Historically I've done very poorly.
Thanks. It's nice to get help from different people here that know what they're doing.
