If you're keeping
the contract overnight, the margin is 3750.
Tick size relates
to how much movement is required to get paid. It is 0.25.
I set those values
in the Symbol Information window.
Commission is 2.40
per side or 4.80 round trip. You use 2.40
per contract. (The 1.65 you saw
was for OPTIONS on futures.)
You can find
contract details here and margin deposit on the IB page you have:
http://www.cme.com/clearing/clr/spec/contract_specifications.html?type=idx
SetOption("CommissionMode", 3);
/* Modes
explained next...
0 - use portfolio manager commission table
1 - percent of trade
2 - $ per trade
3 - $ per share/contract */
SetOption("CommissionAmount",
2.40);
Be sure to check
the Futures box in AA->Settings.
This is necessary
even when you use this line of code,
which I always include when testing
Futures.
SetOption("FuturesMode",True);
-----Original
Message-----
From:
[email protected] [mailto:[EMAIL PROTECTED] On Behalf Of emp62
Sent: Friday, July 21, 2006
07:14
To:
[email protected]
Subject: Re: [amibroker] trading
futures
So in the Symbol inofrmation
window I fill in:
Round Lot Size:
1 Margin deposit:
1500
Tick Size:
5 Point value:
20
am I right? What number do
you use for the margin deposit?
----- Original Message -----
Sent: Friday,
July 21, 2006 2:52 PM
Subject: Re:
[amibroker] trading futures
Point
value for NQ is $20.00 - (Tick value = $5.00).
IB commissions are
$2.40
----- Original Message -----
From: emp62 <[EMAIL PROTECTED]>
Date: Friday, July 21,
2006 3:11 am
Subject: [amibroker] trading futures
To: [EMAIL PROTECTED]ps.com
>
hi,
>
> am am testing some systems on futures (have experience
with stocks
> only) and I want to check if my settings are set up
properly for
> trading NQ E-mini Nasdaq 100 futures at Interactive
Brokers.
>
> For trading 10 contracts I add into my
system:
>
> NumContracts = 10;
> PositionSize =
NumContracts * MarginDeposit;
>
> Further:
>
>
tick size = 0.25
> Point value = 12.5$ / 0.25 = 50
>
>
Margin deposit ?? Do I need to get this number from IB? I find a
>
list here:
>
>
http://www.interactivebrokers.com/en/trading/marginRequirements/margin_
amer.php
>
> what do I use? 1500?
>
> Commision I use 1.65$ per
contract.
>
> if somebody could check the setup I would
appreciate,
>
> thanks, Ed
