Mini Oil

[punkiy2111]

Hello, could you give me indications of how to configure the mini oil QM in NinjaTrader?
The price of the tick is $ 5?

Regards.

[NinjaTrader_ChristopherD]

Hello punkiy2111,

The contract size for QM is 500 barrels and the minimum price fluctuation is $0.025 per barrel. As a result, the value of one tick will be $12.50 (500 * 0.025). Here is a link to the contract specification on the CME Website:

• http://www.cmegroup.com/trading/ener...fications.html

The symbol for QM is already set up within NinjaTrader with the correct tick size and point value. You can access this contract by searching searching the instrument name "QM" in the Instrument Manager window. Here is a link to the Help Guide article on searching from the Instrument Manager:

• http://ninjatrader.com/support/helpG...nstruments.htm

Feel free to contact us if you are ever in need of support.

[punkiy2111]

Ok thanks, and there is an explanation of why CL costs 10 $ tick? that is less than the mini? Is there any reason?
Cheers.

[NinjaTrader_ChristopherD]

Hello punkiy2111,

The tick value for a futures contract will equal the contract size multiplied by the minimum price fluctuation per unit. CL is a larger contract size than QM (1000 barrells versus 500 barrells) but the minimum price fluctuation per barrel is smaller for CL ($0.01 versus $0.025). This is why the tick value for CL is $10 per tick and the tick value for QM is $12.50. You may review the contract specifications for CL at the link below:

• http://www.cmegroup.com/trading/ener...fications.html

[punkiy2111]

Ok, just answer in the QM I can only operate 10 Maximum contract? guarantees are $ 500 per contract? And moreover, what is the heat of the tick in FDAX?

thank you very much for your help.

[NinjaTrader_ChristopherD]

Hello punkiy2111,

Margin requirements for NinjaTrader Brokerage are publicly available at the link below:

• http://ninjatrader.com/PDF/ninjatrad...ct_details.pdf

You will need to contact the brokerage support team directly to find out the leverage that you have available based on the funds in your trading account.

FDAX is also set up within the NinjaTrader platform with the correct tick size and point value.

[punkiy2111]

I get the tick 12.50 euros. It is right?

[NinjaTrader_ChristopherD]

Hello punkiy2111,

NinjaTrader's settings for FDAX are correct but you can always review contract specifications at the exchange group's website:

http://www.eurexchange.com/exchange-en/products/idx/dax/DAX--Futures/17206