So I managed to get my hands on some futures data but I'm not sure I have set things up correctly.
I've imported the data, added symbol property in Markets and Symbols and started trading but got trades where I made like -1.300.000% which is wild and makes me think that I have not understood some properties right. Let me some you an example and I'll wait for some feedback.
You can see in markets and symbol that the point value for SB is 112.000 and in the trade i've bought 36 contracts at 19.63 and sold at 25.72 which is 6.1 almost and in dollar value about 24mil but in only 2 months. I must have got something wrong.
At the time of writing CME groups website is down so I cannot provide a screenshot with spec provided by them.
If you guys know a video that explains how to translate CME futures specs into wealth-lab data please share it. Thanks in advance
I've imported the data, added symbol property in Markets and Symbols and started trading but got trades where I made like -1.300.000% which is wild and makes me think that I have not understood some properties right. Let me some you an example and I'll wait for some feedback.
You can see in markets and symbol that the point value for SB is 112.000 and in the trade i've bought 36 contracts at 19.63 and sold at 25.72 which is 6.1 almost and in dollar value about 24mil but in only 2 months. I must have got something wrong.
At the time of writing CME groups website is down so I cannot provide a screenshot with spec provided by them.
If you guys know a video that explains how to translate CME futures specs into wealth-lab data please share it. Thanks in advance
Rename
The negative 1.300.000% gain was for that SB trade from 19.63 o 25.72?
That is most likely due to the weird way that WL counts the % gains when in Futures mode
https://www.wealth-lab.com/Discussion/Percentage-calculations-for-futures-trading-7514
If you have a low margin, the $ gain/loss of that trade, is divided by the margin and gets some crazy numbers…
https://www.wealth-lab.com/Discussion/Percentage-calculations-for-futures-trading-7514
If you have a low margin, the $ gain/loss of that trade, is divided by the margin and gets some crazy numbers…
No cone it was from a different trade. My bad for mixing values
That's good. Follow the thread alkimist posted for the answer.
In short (and ignoring multi-currency trades) the Profit % of a trade for a future's contract is: 100 * DollarProfit / CostBasis,
where CostBasis for future's contracts is futuresMargin * contractQuantity.
In short (and ignoring multi-currency trades) the Profit % of a trade for a future's contract is: 100 * DollarProfit / CostBasis,
where CostBasis for future's contracts is futuresMargin * contractQuantity.
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