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SI tick value is inaccurate on Sierra chart


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SI tick value is inaccurate on Sierra chart

  #1 (permalink)
 Saham 
Riyadh-Saudi Arabia
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP - CQG
Trading: CL
Posts: 9 since May 2018
Thanks Given: 7
Thanks Received: 6

Hello everyone

I noticed when I use reward/risk tool on Silver the tick value is inaccurate comparing to tradingview or barchart.com/, I don't know if this only on my SC platform or I misunderstand something.


For example:

SIN2018
Enter price: 16.200
Target: 16.475


The profit is no inaccurate on SC it only 275$ for 55 ticks, but on tradingview the profit is 1375$ for 55 ticks and on barchart.com too.

please see the attached picture.

my date feed: AMP, CQG


best regards...

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  #2 (permalink)
 
LDog's Avatar
 LDog 
Lafayette, TN/USA
 
Experience: Beginner
Platform: SC,TastyWorks,ToS
Broker: TDA, OANDA,AMP/CQG/SC
Trading: Looking for it/them
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I'm just posting until someone who knows more does :-)

To me, it looks like Barchart and TraderView are using the 'Outright transaction price' of the SI contract and SC (via CQG) is using the 'Settlement price', based on the contract spec's minimum price flucuation:

Outright transactions: $0.005 per troy ounce. Straddle or spread transactions and settlement prices: $0.001 per troy ounce.

Silver (SI) [AUTOLINK]Futures Contract[/AUTOLINK] Specifications - [AUTOLINK]CME[/AUTOLINK] Group

My SC, also using CQG (F.US.SIEN18) shows the same - $5 per tick.

Hope that helps!

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  #3 (permalink)
 Saham 
Riyadh-Saudi Arabia
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP - CQG
Trading: CL
Posts: 9 since May 2018
Thanks Given: 7
Thanks Received: 6



LDog View Post
I'm just posting until someone who knows more does :-)

To me, it looks like Barchart and TraderView are using the 'Outright transaction price' of the SI contract and SC (via CQG) is using the 'Settlement price', based on the contract spec's minimum price flucuation:

Outright transactions: $0.005 per troy ounce. Straddle or spread transactions and settlement prices: $0.001 per troy ounce.

Silver (SI) [AUTOLINK]Futures Contract[/AUTOLINK] Specifications - [AUTOLINK]CME[/AUTOLINK] Group

My SC, also using CQG (F.US.SIEN18) shows the same - $5 per tick.

Hope that helps!


Thank you for your reply, but why only on SI other symbols are accurate (ES CL GE etc...), I will email AMP to see if there is more explanation.

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  #4 (permalink)
tmorgan4
Denver, CO
 
Posts: 9 since Jan 2016
Thanks Given: 2
Thanks Received: 10

Your symbol is likely different as I'm using Gain instead of CQG.

My symbol for silver through Comex is GSI?# so GSIU8 is September 2018 expiration.

Open your 'Global Symbol Settings'. A few ways to get here but the easiest is...

----- right click on an open silver chart > chart settings > edit global symbol settings (on main tab).

Mine also shows 0.005 as the tick price but the 'currency value per tick' is 0. All my other symbols have this field filled out so I'd bet changing the 0 to a 25 should fix your problems. My guess is Sierra doesn't know whether you're trading the outright or a spread so they need to default to some value.

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  #5 (permalink)
 Saham 
Riyadh-Saudi Arabia
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP - CQG
Trading: CL
Posts: 9 since May 2018
Thanks Given: 7
Thanks Received: 6


tmorgan4 View Post
Your symbol is likely different as I'm using Gain instead of CQG.

My symbol for silver through Comex is GSI?# so GSIU8 is September 2018 expiration.

Open your 'Global Symbol Settings'. A few ways to get here but the easiest is...

----- right click on an open silver chart > chart settings > edit global symbol settings (on main tab).

Mine also shows 0.005 as the tick price but the 'currency value per tick' is 0. All my other symbols have this field filled out so I'd bet changing the 0 to a 25 should fix your problems. My guess is Sierra doesn't know whether you're trading the outright or a spread so they need to default to some value.


unfunnily, does not work.

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  #6 (permalink)
tmorgan4
Denver, CO
 
Posts: 9 since Jan 2016
Thanks Given: 2
Thanks Received: 10

Did you click 'Apply Global Symbol Settings' in the 'Chart Settings' window after changing the tick value?

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Last Updated on July 2, 2018


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