Trailing Stop Plug-in Market Offset Ticks for NQ

S9 - Scan - APEX Scanners Advanced Trailing Stop
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I just wanted to make sure I understand the tick conversion for the Nasdaq or NQ when entering the market offset tick amount on the trailing stop plug-in. NQ ticks at .25 per ticks which means if I use the default market offset of 25 ticks on the trailing stop plug-in. The plug-in would trail $60.25 behind the market (way too much) on a Nadex spread . So I would have to adjust the market offset on the trailing stop plug-in to something that would make more sense like 4 which would equal to $20. NQ is worth $5 per tick.

Is this correct?

Thanks,

Astor

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Bumping thread, because it’s something I’ve been floundering (waffling maybe) on myself.

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Let me ask it this way…

If my pain point was 50 bucks… how many pips do I set that for NQ?

(Or 30-40-50-60)

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I believe that it takes 2 Nadex spreads to equal 1 NQ futures contract

So each Nadex spread would equal $2.50 (since NQ ticks in $5)

So a $50 stop loss would be 20 ticks.

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Oh okay now it makes sense to me. For example a $25 stop loss on a Nadex spread for 1 NQ contract would equal 10 ticks. I’m I correct?

Thanks

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Ok, now how far back is the MVP trailing would you say?

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@astor Correct. Keep in mind that does not include the initial bid/ask spread when you first open a trade though.

@blackaddor Looks like it varies based on the past movement of an instrument. But a rough guess for a 10 tick Diagnostic Bar Setting would be around 30 ticks. With a 6 tick Diagnostic Bar Setting it is around 20 ticks

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