Anyone Know How to Set Format Strategy for Forex Data? PLease!

[Danielj 10]

Hi!

I'm newer on trade.

I've a problem. I have an old Tradestation prosuite 2000i and i wish to do backtesting on my FOREX data, but i don't know how to set the correct parameter.

e.g ( for 1 lot 100000 with pips value 10) how:

Daily limit? Min.Move? Point Value?

and PLEASE, in "Format Strategy" (Tradestation) how to set:

Commission (per Unit or per Transaction)?

Slippage (...)?

Margin (...)?

and... in "Default trade amount" what must I insert?

and ...in "Maximum open entries per position"? and "Maximum contract/shares per position"?

Please, please, help me!

THANKS in advance!!!

[MadMarketScientist 11]

Hello- while I used TS2000i in the past it has been many years so I'm going to answer what I can based upon what I know now. I'm sure others can weigh in or even correct anything here that I believe...

 

In the new TS 8x you do not typically set the values as it's a known value.

 

As for Commission I would either fill in the Commission or the Slippage section 1/2 of what you expect your round turn pip spread to be on the trade. So, if you are testing it based upon a full size contract - meaning 1 pip = $10 then you should put in $15 (per side) since likely your spread is 3 pips = $30. Of course if you pay more or less for spread costs adjust accordingly. I'm assuming that would cover it depending upon where you trade ($20 if 4 pips, $10 if 2 pips)

 

If a mini of course that you're tracking at $1 per pip then just chop the zero off the above for the 1/10th size.

 

 

Default trade amount I would just go with 1 and not do any adding of additional units in same direction. You're trying to test I assume the results of 1 -- whether mini or standard.

 

The Maximum contract/shares per position shouldn't matter as long as your strategy doesn't add additional units, and you are using the Fixed contract size of 1.

 

Hope that helps you...

 

 

 

 

 

Hi!

I'm newer on trade.

I've a problem. I have an old Tradestation prosuite 2000i and i wish to do backtesting on my FOREX data, but i don't know how to set the correct parameter.

e.g ( for 1 lot 100000 with pips value 10) how:

Daily limit? Min.Move? Point Value?

and PLEASE, in "Format Strategy" (Tradestation) how to set:

Commission (per Unit or per Transaction)?

Slippage (...)?

Margin (...)?

and... in "Default trade amount" what must I insert?

and ...in "Maximum open entries per position"? and "Maximum contract/shares per position"?

Please, please, help me!