How does the commissions setting work in backtesting?

amiscell
07 Mar 2014, 18:03

RE:

amiscell said:

I think I worked it out - It's $78 / Million traded - to include both legs.

Is the commission setting meant to be for one leg or both legs of the trade?

For instance, for IC Markets:

Opening Price€100,000 x 1.3000 
= USD $130,000 
x (3 / 100,000)$3.90

Closing Price€100,000 x 1.3100 
= USD $131,000 
x (3 / 100,000)$3.93

Total Commission on Trade$7.83

Is the commission setting 39 per Million, or 78 per Million?