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Hi I created a strategy in tradestation and I want to automate the strategy on muliple symbols? Does anyone know how to achieve that, prefferable using Radar Screen or Scanner?
Can you help answer these questions from other members on NexusFi?
do you need data from all symbols on your strategy ? if so you have to insert multiple data symbols in one chart and can make calculations based on all symbols you have but can only send signals to the first one.
something like this:
if (BarStatus(2) >= 0 ) then // We have the second symbol.
Begin
dd = 2; DClose = Close of Data(dd); // etc ...
DStatus = BarStatus(dd);
end;
I know this post is old but I came across it with a similar question. First of all I use tradestation. Im leanrning and have not pulled the trigger with actual money yet.
If I can't trade multiple stocks within a single strategy, can I use multiple strategies in the same account (diversification)? So if on margin for example a good stock may prevent the margin call on a losing stock.
Yes this is doable in Tradestation. Just need to have each instrument you want to trade on a different chart with the strategy enabled in each one individually. I do this with equities and futures. I might have the same strategy running on 100 different charts.
Margin requirements need to be handled by you though. I generally get into about 20 positions per day so I set my systems up to allow potentially 25-30 positions to get filled. I swing trade and have gone over my marginable amounts a few times but never received a margin call from TS. What does happen is I get a fill error on opening new positions if I do not have enough margin available. I usually choose to not trade it, or sometimes I'll cut a loser as they usually continue to lose and open the strategy position.
I want to follow up on this. Shadowfox you mentioned you need to have a chart up for each ticker that you apply the strategy. I want to run my system on the SP500. There's no way to have 500 charts up at once. Is there no way to apply the strategy to a custom symbol list?
Create your own software bot that will trade only, but will not draw cool charts. Also, Not all brokers can provide you such number of symbols to get quotes streams simultaneosuly. It's extra expenses.
OrderTickets would allow you to trade from an indicator that you can apply in Radarscreen. This will usually require a lot more coding and testing compared to strategies, since the Object Oriented EasyLanguage OrderTickets basically require you to do more of the order handling (something that is done for you within a strategy) and they will only work in realtime.