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