Hi,
What is the correct way for setting
up forex data for testing? I’m using hourly bars using forexite currency
data.
This is what I have so far:
TickSize (pip size) set
individually for each Ticker under Symbol -> Information…
RoundLotSize = 1 ?
PointValue = 0 ?
MarginDeposit = -1 (account
leverage at 1:100)
FuturesMode = True
PositionSize = -1 (invest [not
risk] 1% of account per trade – this is not really related to it I know)
I feel I must be doing something
wrong - as my testing results are too good ;-) - 500% annual return @ 20 max DD%
on hourly intraday data (running 24h/5d).
Surely futures mode can’t be
working properly if PointValue = 0?
Must I trade in a certain block
size of currency and so need to know point value of each block? Does
Interactive Brokers (IDEALPRO) use fixed size
contracts – if so I guess I need
to find margin deposit / point values for them – is that right?
I’m rather confused? Please help
J
p.s., I don’t want to test
how many pips I make I want to test how much $ and %.
p.p.s., I’ve looked in the
help and done some hand calculations and they look OK – I am probably doing
the hand calculations wrong also. If there is a help page I have missed -
then please tell me where it is J
Dan.