Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Incorrect results with Strategy Analyzer on NinjaTrader
The result is correct, but your position isn't what you think it is.
First the math:
50000 x 119.82 - 50000 x 119.78 = $2000
$2000 - $3 commissions = $1997
Second step:
And now you can check if you really wanted to enter on 50000 x 119.82, let alone 3 times.
P.S.: To do a cross-check if it isn't only a faulty currency unit, select e.g. a €-denominated
asset like the CAC40 or the FDAX. If the analyzer unit stays $, the USDJPY result in the analyzer
(erroneously) is USD instead of JPY. You can also test that on sim.
For a standard Forex lot (100000), the pip is worth 0.0001 for EURUSD, but for the USDJPY, the pip worth 0.01.
So for a lot of 50,000, the pip USDJPY worth 50,000 x 0.01 x 4 pips = $ 2,000 - $ 3 = $ 1,997.
Sorry for the confusion regarding the pip value relative to the relevant currency pair.
. I hope others will respond.
