Who sets the pipsize?

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02/28/2021 at 8:16 AM #162734 quote

Jabezz
Participant

Average

Is the pipsize set by Prorealtime or the broker?

The reason for asking is that the pipsize for Tesla is set at 0.01 when it should be 1. The downside to this is that you can not enter the correct spread in a back test since 1000 is the max allowable which would make Tesla’s spread only 10 which is too small.

So where does ProRealTime pick this info from?

Cheers.

02/28/2021 at 8:27 AM #162737 quote

robertogozzi
Moderator

Master

I do not know for sure, but I think this can only be set by the broker.

My guess is that ProRealTime cannot affect prices/quotes and whatever is related to them in a way other than the one set by the broker.

03/01/2021 at 11:00 AM #162830 quote

Nicolas
Keymaster

Master

ProRealTime is a trading software that plots the data transferred by a broker.

You are right, the spread size is limited to 1000 points in backtest, and it can be too small for an instrument with a point size of 0.01. I’ll try to get useful infos about that and let you know.

03/01/2021 at 12:44 PM #162850 quote

Nicolas
Keymaster

Master

BTW, look at the attached picture, spread is 0.78 because 1 point = 0.01, then 0.78/0.01 = 78 points

so you can set the right spread in ProBacktest: 78

tesla-spread.png
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Who sets the pipsize?

ProOrder: Automated Strategies & Backtesting

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Jabezz @jabezz Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by Nicolas
4 years, 12 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/28/2021
Status:	Active
Attachments:	1 files

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