Basic question regarding cross pairs

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JJLL
Posts: 62
Joined: Sat Jun 06, 2009 8:50 pm

Basic question regarding cross pairs

#1 Postby JJLL » Tue Feb 06, 2018 5:18 pm

Hello,
I'm hoping to find some basic help on non USD/cross pairs. I've back tested the following to create an example:

AUD/CAD made 770 points with a gain of 6.06
GBP/JPY made 1280 points with a gain of 13.79
EUR/CHF made 420 points with a gain of 3.44

All of these trades were entered into with a lot size of 0.01 and each of these trades hit their TP amounts.

These trades were created running a back test of only the tested pair (no other USD based pairs were used).

For example, I ran a single test of the AUD/CAD and every trade that reached the my TP of 770 had a gain of 6.06

Please help me understand the pip value for these pairs and any other non USD pair.

I'm assuming that I will need a pip value calculator but I'm hoping to perform the calculation manually.

Although FT shows accounts based in USD. It does not automatically convert the pair. The AUD/CAD would need to test simultaneously with the USD/CAD. For me this is good. At this time, I'm trying to understand how this is calculated, this is why I’m looking for manual examples.

In theory, I should be able to take my gain and divide it by the points (6.06 / 770). But, I don't think this is correct.

If anyone can explain or show a manual way of calculating pip values, I would be thankful.

FX Helper
Posts: 1094
Joined: Mon Apr 01, 2013 3:55 am

Re: Basic question regarding cross pairs

#2 Postby FX Helper » Wed Feb 07, 2018 7:18 am

Hello,

If you want to test a cross pair (non-USD), it is necessary to create a project for USD pair too.
So if you want to test AUDCAD, you need to create a project for AUDCAD and USDCAD.
Our software needs to know current USDCAD price so it can calculate pip value and use this pip value when calculating profit for AUDCAD pair in USD currency.

You can use this calculator, for example, you can find the formula there too:
https://www.fxpro.co.uk/trading/calculators/pip

FX Helper
Posts: 1094
Joined: Mon Apr 01, 2013 3:55 am

Re: Basic question regarding cross pairs

#3 Postby FX Helper » Tue Apr 23, 2019 4:43 am

Hello,

Forex Tester program allows testing custom experts in the Forex Tester but they should be written in Forex Tester format and have .dll extension.
These experts can be added via File -> Install -> Install New Strategy menu.
Please check this tutorial about how to use EAs in the program:
http://www.forextester.com/expertadvisers

If you have the expert in another format, it can be written by a programmer in the Forex Tester format using Forex Tester API libraries (we have Delphi and C++ API for writing indicators and EAs).
Please see more information about API here:
Forex Tester -> Help -> Strategies API
http://www.forextester.com/forum/viewforum.php?f=8
http://www.forextester.com/forum/viewforum.php?f=9

API files can be found in C:\<ForexTester>\Examples\Strategies folder.


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