I cannot set the point value to less than 1 for a backtest

[jcm21]

I am running backtests on the emini sp500 futures. The tick value is .25 index points, or $12.50 per contract. This means that if the futures contract moves the minimum price increment (one tick), say, from 920.00 to 920.25, a long (buying) position would be credited $12.50; a short (selling) position would be debited $12.50. A full point move would be $50.

When I set the point value for the backtest to $50 per point the results are hugely too large. When I set the point value to $1 per point the backtest trade report reports the trades to be double what they should be. So I tried to set the point value to $0.50 per point but I cannot set the point value to less than 1.

Please tell me what I am doing wrong.

[ACM]

jcm21

When I set the point value for the backtest to $50 per point the results are hugely too large. When I set the point value to $1 per point the backtest trade report reports the trades to be double what they should be.

The fact that when you set the point value to 1 the results are double what they should be indicates that in the Back Testing dialog box you have the Default Lot Size set to 100 ie you are running a back test on 100 contracts. Set that value to 1 and then in the Settings of the Strategy Analyzer Report set the Point Value to 50
Alex

Originally posted by jcm21
I am running backtests on the emini sp500 futures. The tick value is .25 index points, or $12.50 per contract. This means that if the futures contract moves the minimum price increment (one tick), say, from 920.00 to 920.25, a long (buying) position would be credited $12.50; a short (selling) position would be debited $12.50. A full point move would be $50.

When I set the point value for the backtest to $50 per point the results are hugely too large. When I set the point value to $1 per point the backtest trade report reports the trades to be double what they should be. So I tried to set the point value to $0.50 per point but I cannot set the point value to less than 1.

Please tell me what I am doing wrong.

[jcm21]

Thank you Alex

Thank you Alex,

Sure am glad you are out there - you are a definite asset to us all. Drive defensively, get regular colonoscopies, eat heathy food, exercise, etc.

Joe Miller

[ACM]

Joe
You are most welcome and thank you for the kind words
Alex

Originally posted by jcm21
Thank you Alex,

Sure am glad you are out there - you are a definite asset to us all. Drive defensively, get regular colonoscopies, eat heathy food, exercise, etc.

Joe Miller