Pip/Tick size and value for crypto - StrategyQuant Forum Topic (2024)

3 years ago #241918

I don’t understand tick size and tick value settings.

Please provide the example for BTCUSD and ETHBTC.

If the settings are wrong how can it affect strategy generation process?

3 years ago #241926

When its set incorrectly it will give you misleading numbers. What is your broker for BTCUSD and ETHBTC?

3 years ago #241931

MultiCharts – Bitfinex

3 years ago #241971

Seems they do not have any instrument specifications listed. You can contact them and ask about minimum price fluctuations and value of that

3 years ago #242172

tick size is minimum order size?

3 years ago #242197

Tick size represents minimum price fluctuation of a market. For example tick size for stock market is usually 0.01 (1 cent).

The minimum order size is different. You can trade for example 1 or 10 futures contracts, 0.1 or 3.8 lots of EURUSD which represents certain amount of an asset traded. You need to understand the instrument specification properly before you trade it

3 years ago #242209

Seems like I thought that pip step is pip size.

Now I don’t understand what is pip step and how pip value is calculated.

So I requested the info from the exchange and got a response:

We use 5 significant digits precision across the platform.

So if BTC price is over 10000 USD, so a tick size is 1. However, if the price goes below 10000, tick size, step and value would change accordingly.

For ETHBTC the precision is same 5 significant digits with 0.000001 min movement.

3 years ago #242227

After some research I ended up with:

Am I correct?

BTCUSD: (used0.1 instead of 1 for better historical results)

size: 0.1

step: 0.01

value 0.1

ETHUSD:

size: 0.01

step: 0.001

value 0.01

ETHBTC:

size: 0.000001

step: 1e-7

value 0.01

3 years ago #242234

i am afraid that you need to find it for yourself…there is nobody doing this…trading crypto by EAs from SQ doesnt make sense to me

You want to be a profitable algotrader? We started using StrateQuant software in early 2016. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM. 1500+ final SQX strategies for members running on demo accounts to verify the edge DEMO ACCS. We provide also strategies for indices - DAX, DOW JONES, NASDAQ, SP, UK, because we have realtick data from our brokers.

3 years ago #242241

hankeys wrote:

i am afraid that you need to find it for yourself…there is nobody doing this…trading crypto by EAs from SQ doesnt make sense to me

Why doesn’t it make sense to you? What’s wrong with trading crypto with EA?

3 years ago #242242

lack of data

brokers – only long side, swaps, margins, spreads

no consistency in market

You want to be a profitable algotrader? We started using StrateQuant software in early 2016. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM. 1500+ final SQX strategies for members running on demo accounts to verify the edge DEMO ACCS. We provide also strategies for indices - DAX, DOW JONES, NASDAQ, SP, UK, because we have realtick data from our brokers.

3 years ago #242254

tomas262 wrote:

Tick size represents minimum price fluctuation of a market. For example tick size for stock market is usually 0.01 (1 cent). The minimum order size is different. You can trade for example 1 or 10 futures contracts, 0.1 or 3.8 lots of EURUSD which represents certain amount of an asset traded. You need to understand the instrument specification properly before you trade it

It seems like I actually was correct:

Tick step is minimum market movement. (not tick size)

And Tick size = Tick step * 10

Please confirm

3 years ago #242318

“Pip step” is used mainly with forex markets with some brokers where each pip is further divided into 10 points. So called 5-digit brokers

In futures/stock market the tick is really the minimum price change possible. The same applies to BTC futures for example traded on CME

Not sure about the crypto markets though

3 years ago #242325

Here is the update:

Does it look correct?

BTCUSD:(used0.1 instead of 1 for better historical results)

size: 1

step: 0.1

value 0.1

ETHUSD:

size: 0.1

step: 0.01

value 0.01

ETHBTC:

size: 0.00001

step: 0.000001

value 0.01

2 years ago #267245

Did you ever get help with this?
I find it surprising there is very little discussion or help with Crypto strategies.

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