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Date/Time: Mon, 16 Sep 2024 19:24:45 +0000



Post From: Do You Guys Use the "Commission" to Account for your "Spread" when trading Forex? Or?

[2015-03-26 23:18:44]
Auspicatum - Posts: 46
....Kiwi....thank you. What I am asking though is...Is that what everyone usually does to account for spread when backtesting? OR is there a built in way that Sierra Charts intends to take care of that?

This seems like such a basic and important thing that every single user would have to deal with. So, this must be a common question and I am guessing that Sierra Charts has a built in way that deals with the spread.

I have the basic FXCM data feed (I think... it's the one that comes with the most basic package of Sierra Charts).

It seems like there is a built in spread of about .00005, which is the "tick size". But this doesn't exactly make sense to me. There is nothing in the documentation that specifically says...."go here to adjust the spread"....or "this is how we account for the spread".

One person suggested changing the tick size to something close to what I think the spread is. But why do I even have to guess at it. Why isn't this simply built into the software/data as I back-test??

And Kiwi, again, I hear you saying that is a logical thing to do...but is it what you do? Is it what most people do? Again, this is an issue that every single trader has to deal with as they back-test. So...what is the way that Sierra Charts intends us to account for the spread. ????

Please Help! Its been several days now Of me asking this same question and I can't seem to get an answer that really answers the question. This is particularly frustrating because I am forced to pay by the day, and thus several days have gone by where I can not make good use of the software. And there is no phone number to call for customer service as far as I can see.... so that leaves this forum...and getting an answer seems rather difficult. (Not that I'm ingrate to the answer that Kiwi gave me...thank you Kiwi !) Sierra Charts...please help me! And try to articulate something more than a cut and paste to the documentation, which I've now read over several times.
Date Time Of Last Edit: 2015-03-26 23:25:31