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AveragePrice and calculation

08.06.2020 07.54

Algorithmic Trading with NinjaTrader

Frank

if (Close[0] <= Position.AveragePrice - TickSize * StopLossValue)

? 1, what is the value of Position.AveragePrice ?

** is it the current price on the market for the position i'm holding ?

? 2, what is the value of the TickSize ?

** is it a number like 0,5 for example ?

? 3, whx to multiply here with StopLossValue ?

** is it to convert the TickSize to a market price ?

Yuri Zolotarev
08.06.2020 10:16

- Position.AveragePrice is average entry price
- TickSize value is set inside NinjaTrader settings for each instrument individually eg. for ES it is 0.25
- You multiply by stop value because you need to convert ticks to points

<p><span style="color: rgb(33, 37, 41);">- Position.AveragePrice is average entry price</span></p><p><span style="color: rgb(33, 37, 41);">- TickSize value is set inside NinjaTrader settings for each instrument individually eg. for ES it is 0.25</span></p><p><span style="color: rgb(33, 37, 41);">- You multiply by stop value because you need to convert ticks to points<br></span><br></p>