[Splint]

Hello fellow traders,

I'm just setting up tradestation 9 using 3rd party data. When I get to the part of formatting the symbol there is an option for price scale. If I understand correctly, 1/100 should be used if the tick size is 1 cent.

I'm a little unsure about what to do with the CRB Index which according to some info my data provider gave me the tick size is 0.05, because the options are 1/10 and 1/100. Ideally I would use 1/20 but there is no option for that.

Should I just set it at 1/100?

Thanks
Splint

[Tradewinds]

Originally Posted by Splint »

Should I just set it at 1/100?

Thanks
Splint

In the Help info, it defines the Price Scale as the precision to which a security trades. So even it the tick size is 0.05, it's still trading at a 0.01 precision.

I would leave it at 1/100. I think that the tick size is something different. Look under the 'Scaling' tab of the Format Symbol box. That allows you to set the tick size. There is a 'Custom Axis Increment'. If the tick size is 0.05, then set the 'Custom Axis Increment' to 0.05.

The data coming in will probably be automatically formatted to the correct tick size. If whatever the symbol is, trades in a tick size of 0.05, I don't see how or why you would get data coming in at 1 cent increments.

You just need the price axis to be displaying increments that make it easy to determine what the current price is.

[Tams]

Originally Posted by Splint »

Hello fellow traders,

I'm just setting up tradestation 9 using 3rd party data. When I get to the part of formatting the symbol there is an option for price scale. If I understand correctly, 1/100 should be used if the tick size is 1 cent.

I'm a little unsure about what to do with the CRB Index which according to some info my data provider gave me the tick size is 0.05, because the options are 1/10 and 1/100. Ideally I would use 1/20 but there is no option for that.

Should I just set it at 1/100?

Thanks
Splint

you mean you have a pirated copy of TS9?