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Date/Time: Sun, 05 May 2024 04:10:31 +0000



Currency value per tick configuration

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[2017-07-04 12:04:40]
grantx - Posts: 244
I have read through your help files but do not understand how to configure forex trading correctly. Please give me one example on how to set it to £1 per pip. So I can figure out how to do the rest of the currency crosses myself.

GBPJPY I have set:
Tick size = 0.01.
Currency value per tick = 1

So as I understand it, the above settings should make it £1 per pip. Before I enter a trade, I select quantity = 1.

When you look at the screenshot you will see that I got into a trade and the chart showed me 3.00C profit (£3).
However, when I close the trade, the software then tells me that my DPL is only 0.03C (£0.03).

What is going on? How do I correctly configure SierraChart for forex?
imageGBPJPY 100 Trades #1 2017-07-04 12_42_34.526.png / V - Attached On 2017-07-04 11:56:56 UTC - Size: 51.53 KB - 249 views
imageGBPJPY 100 Trades #1 2017-07-04 12_42_46.063.png / V - Attached On 2017-07-04 11:57:03 UTC - Size: 51.49 KB - 237 views
imageMainSettings2.png / V - Attached On 2017-07-04 11:57:09 UTC - Size: 30.27 KB - 293 views
imageMainSettings.png / V - Attached On 2017-07-04 11:57:15 UTC - Size: 32.57 KB - 245 views
[2017-07-04 17:51:07]
Sierra Chart Engineering - Posts: 104368
There is an inconsistency in the internal Trades list in a chart, where the symbol settings like Currency Value per Tick is obtained from.

We will make this completely consistent and it will resolve this problem.

In the case of the Daily Profit/Loss the settings are coming from the Global Symbol Settings.


Also, in the case of GBPJPY, the currency is always Japanese Yen. Not pounds.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
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Date Time Of Last Edit: 2017-07-04 17:51:26

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