Bob Hoffman
posted this on March 02, 2010 13:45
THESE INSTRUCTIONS ARE FOR THE MULTI-PANE FOOTPRINT.
THESE INSTRUCTIONS ARE FOR THE CLASSIC FOOTPRINT.

The number typed in refers to TICKS and NOT POINTS! On popular example is with ES Futures. Many people use a 5 tick reversal, as seen above.
So obviously you will want to have an idea of the tick increment in order to be able to determine values that will work optimally. If you need suggestions please contact us and specify the instrument being traded.
By default most will use a 1 box setting, i.e. single tick increments on the price scale, for most futures contacts. Stocks will usually be different use more compressed price scales, such as 2 or 5 box setting.