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.
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.
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