Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Data1 is for E-Mini, Data2 is for S&P500. is it possible for TS to trade S&P500 according to the price info of E-Mini?
seems DataN is only for data reference rather than order trading. That means I couldn't use : buy this bar of data2 on close. Is my understanding correct?
in Ninjatrader, we can use EnterLong(SymbolName, 1) to trade any symbol. so I am confused on this.
could anyone share your expertise here? Appreciate for any comment.
thanks
Can you help answer these questions from other members on NexusFi?
As far as I know, it is not possible with MultiCharts to trade another instrument than Data1, so I think it is the same for TradeStation, but I have never used TradeStation.
But is it really a problem?
You just have to apply the study to the instrument you have to trade. In this case, the instrument will be Data1.
And you can use the other as Data2 for any calculation you want.
How can I enter buy/sell orders for more than one symbols in a strategy? Where/how can I specify the symbol to be traded in the easylanguage buy/sell commands?
For MultiCharts, as far as I know, you cannot.
(I refer to MultiCharts, because it uses basically the same language as TradeStation. But they are totally different platforms.)
You can only buy/sell the instrument to which the strategy is applied.
If you want to trade 2 instruments with the same strategy, you need to open 2 charts, and apply to each of them a relevant strategy.
Official reference: Spread and [AUTOLINK]Pair Trading[/AUTOLINK] - MultiCharts
For TradeStation, I do not know.
I have found a video ( Pairs Trading with TradeStation 9.0.mp4 - YouTube ) showing that it might be possible with additional customization. But I prefer to stop here, because I have never used this platform.
EDIT: I realize now that your question was raised in the TradeStation forum. I should not have stepped in with my MultiCharts ideas. Sorry for the confusion.
I saw a question where someone was asking if it is possible to trade a product which would be different than the one used to make the decision. I think you can do it with Multicharts using their function called Symbol Mapping.
Open the Symbol Mapping tool and you can, for example, select on the left side (DATA) as being the S&P 500 and select the NASDAQ100 on the right side or whatever you want to buy when the DATA SYMBOL generated an order.
you will likely run into problems when you try to map and trade on instruments with different parameters. According to Henry from Multicharts, "You can't trade from GCM16 to MGCM6 due to different instrument parameters.". Even if the instruments have the same parameters, you'd have to be careful as Multicharts wouldn't automatically convert your limits and stops on the mapped symbol.
In general the symbol mapping does a good job when you try to chart a symbol from datafeed 123 and trade the same symbol on broker XYZ.
When it comes down to trading DataN it might be better to use one of these approaches:
- use the Portfolio Trader to trade on a specific symbol, although the trigger came from another symbol
- make the DataN your Data1 symbol and make the previous Data1 symbol your new DataN and trigger the symbols
from DataN
- use external DLLs to exchange symbols between two charts
While all of the above will require some programming, they can get the job done, when the symbol mapping approach might not work.
Thanks ABCTG, your option is much safer than mine, I agree. As I always trade "market orders" I did not take into account the Limit and Stop orders. But your way is better anyway, thanks for sharing.