Ticks and Points
Posted: Fri Feb 28, 2020 5:17 pm
Hi Rade,
I want 4 strategies. Each fires in a bet 25 ticks higher than the last.
I figure that I will set them up so once the first strategy gets matched the rest will get placed unmatched based on..
Strategy 2: initial price + 25 ticks
Strategy 3: initial price + 50 ticks
Strategy 4: initial price + 75 ticks
Seems ok. Except.
What I'm wanting is.
Strategy 1: initial price = 1.49
Strategy 2: initial price + 25 = 1.74
Strategy 3 : initial price + 50 = 1.99
Strategy 4 : initial price + 75 = 2.24
Except Strategy 4 wouldn't be 2.24 but rather 2.50 at 25 ticks difference. Is that correct?
Likewise if I wanted to do the same at 1 point difference so
Strategy 1: 2.05
Strategy 2: 3.05
Strategy 3: 4.05
Strategy 4: 5.05
There isn't 100 ticks between each though but only 50 ticks between strategies 1 and 2, 20 ticks between strategies 2 and 3, and 10 ticks between strategies 3 and 4 - more or less.
Is there any way to set up things using points, 1/4 points etc rather than just ticks?
Especially as the initial price isn't set but is just the entry price and will vary.
I think even replacing ticks with percentages would be problematic.
I want 4 strategies. Each fires in a bet 25 ticks higher than the last.
I figure that I will set them up so once the first strategy gets matched the rest will get placed unmatched based on..
Strategy 2: initial price + 25 ticks
Strategy 3: initial price + 50 ticks
Strategy 4: initial price + 75 ticks
Seems ok. Except.
What I'm wanting is.
Strategy 1: initial price = 1.49
Strategy 2: initial price + 25 = 1.74
Strategy 3 : initial price + 50 = 1.99
Strategy 4 : initial price + 75 = 2.24
Except Strategy 4 wouldn't be 2.24 but rather 2.50 at 25 ticks difference. Is that correct?
Likewise if I wanted to do the same at 1 point difference so
Strategy 1: 2.05
Strategy 2: 3.05
Strategy 3: 4.05
Strategy 4: 5.05
There isn't 100 ticks between each though but only 50 ticks between strategies 1 and 2, 20 ticks between strategies 2 and 3, and 10 ticks between strategies 3 and 4 - more or less.
Is there any way to set up things using points, 1/4 points etc rather than just ticks?
Especially as the initial price isn't set but is just the entry price and will vary.
I think even replacing ticks with percentages would be problematic.