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Direct MessagesDate/Time: Sat, 27 Apr 2024 04:47:45 +0000
BitMEX DOM P&L Question
View Count: 1610
| [2019-01-05 05:29:44] |
| User116783 - Posts: 84 |
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Hello, Regarding the XBTUSD perpetual swap, since 1 contract of XBTUSD = $1.00, a quantity of 100 on the trading DOM (see attached pic) should be equivalent to $100, yes? If this is correct, why then does the P&L column show a $50 increase only one tick higher than the entry price @ 3844? Also there is zero leverage being utilized with this simulated trade. Thanks, ZS Date Time Of Last Edit: 2019-01-05 05:58:51
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 2019-01-05_0-19-06.png / V - Attached On 2019-01-05 05:28:52 UTC - Size: 95.46 KB - 392 views |
| [2019-01-06 01:27:06] |
| User116783 - Posts: 84 |
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Ok so I figured out how to change the DOM P&L to currency (C), however I'm still confused as to how much is changing with each tick in US dollars? It looks like $50 per tick (see attachment), but that can't be right, if my position is only 100 contracts of XBTUSD, which again should be equivalent to $100. Under Chart Settings --> Advanced Settings 2, I have the Currency Value Per Tick set to 0.5. Date Time Of Last Edit: 2019-01-06 01:30:02
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| 2019-01-05_20-21-41.png / V - Attached On 2019-01-06 01:25:17 UTC - Size: 87.71 KB - 359 views |
| [2019-01-06 07:37:06] |
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This is from the BitMex documentation: Note that all Bitcoin quantities are returned in Satoshis: 1 XBt (Satoshi) = 0.00000001 XBT (Bitcoin) Therefore the correct currency value per tick is as follows: 0.000000005 We have now updated the Symbol Settings correctly. Follow the instructions here to update the Symbol Settings: Global Symbol Settings: Update Global Symbol Settings After that follow these instructions for each chart for XBTUSD-BMEX: Global Symbol Settings: Update/Apply Symbol Settings to Charts So as you can see it is a very tiny value and you are going to need to trade considerably more of a quantity to have a gain or loss of 100 USD. But we recommend verifying our understanding before risking real money. But if we are wrong, we want someone to correct us on this, and explain why we are wrong. 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: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-01-06 07:46:19
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| [2019-09-07 23:11:17] |
| User814318 - Posts: 9 |
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Sorry to hijack this thread, but the Currency Value Per Tick only accepts 8 decimal points, so 0.000000005 is not possible. Could this limit be lifted? |
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