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I was wondering if it was possible to enter trades using the RTY chart, using the chart trader, but the trades would be entered on the M2K contract instead.
I would like to do this because I feel the RTY chart are better because of more ticks for the same move, not sure if thats clear...
Thanks
Antoine
Can you help answer these questions from other members on NexusFi?
It's possible but then some kind of ratio will be required for stop/limit orders and ATMs. With market entries/market exits then it's easy.
I'm getting closer but it's more complicated than expected, and I didn't tested with fills on the slave side (MES for example) and not on the master side (ES), partial fills on the slave, ...
You could add both the RTY and M2K Data Series to your chart, hide the M2K (make it Transparent), set Chart Trader to execute on M2K but trade off the RTY chart visually.
I'm getting closer but still not working well in some conditions (if a slave order is filled before the master order).
But if the slave is set to not replicate the master instrument/master account exits then it works well.
I haven't spent a lot of time looking at this but my guess is you'll find a lot of this type of thing happening to your entries.
You might find looking at multiple timeframes of the same instrument rather than trying to synthesize an entry based on a more liquid contract is a better use of your time?
Just a thought.
Best of luck
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