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Hartynspren
Angemeldet seit:
02.01.2023
Beiträge: 178
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hi, i have below line for regular MNQ strategy.
triskToSarTicks = Math.Abs(Close[1] - ParabolicSAR1[1]) / TickSize;
trr1to1Long = triskToSarTicks * 1;
ExitLongLimit(1, true, Position.Quantity, Position.AveragePrice + (TickSize * trr1to1Long), "PTL", "TML");
now i want to switch to pips and i am confused about TickSize part.
How would I appropriately rewrite this logic for pips calculation?
Thank you
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Gordonhoj
Angemeldet seit:
02.01.2023
Beiträge: 30
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Thank you for your post.The TickSize value comes from the Master Instrument properties that are saved in the Control Center > Tools > Instruments window. Tick size is described in the help guide as "the increment value the instrument trades in" and, generally, TickSize is also the equivalent of one pip. These terms are sometimes used interchangeably, as they both represent the smallest price change for an instrument. You may always verify that the TickSize for a forex instrument is set to the desired value for specific instruments from the Instruments window, or you could even test a strategy and print out the value of TickSize to ensure it is behaving as expected.
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Fistargine
Angemeldet seit:
10.07.2023
Beiträge: 4
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Sescerys
Angemeldet seit:
28.10.2021
Beiträge: 58
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If you are looking for reliable and profitable Forex signals, TopTradingSignals is the perfect choice. Our expert analysts provide high-quality trading signals ***** based on in-depth market analysis, technical indicators, and trend forecasting.
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