Auto trading on Range Bars and Ticks charts
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The attached chart is a range bars 6 points per bar for spot gold, painted by super trend, can you imagine how easy to trade it if Automated. unfortunately PRT is preventing us from Auto trading on range bars charts!!!
Do you mean simulating the range bars chart to a time frame chart using coding?
Please, see attached the same chart of spot gold 6 points per bar, the bars are painted by MACD. If you notice the RSI period 7when it is above 70 gold has gone up very fast and the only way to catch such a fast movement is Auto trading it using a momentum indicator like RSI7 or CCI50, all that is allowed in MT4 but not in PRT. Also the most important point that you will catch the movement after the bar close which 6 points or less while on a time frame chart will catch the movement after the bar close which might be 10 to 15 points. Why PRT is not allowing Auto trading on range bars and Ticks charts, while it is allowed on a very simple platform??. that’s a major shortfall in PRT and should be urged to add it to the platform.
Auto trading on Renko is not allowed too
Attached … better again as with SL and TP and with Box Size = 6.
MT4 is a free platform and you can Auto trade any type of chart on it, while PRT is a paid platform and it has a technology shortage in only Auto trading time frames based charts, this doesn’t mean that PRT has not many advantages like trendlines , but also it has many shortages in the trading tools one of them is that you can not use limit order attached with a trailing stop, it has to be only with market order !!. Please, see attached the charts below one for range bars 4 points per chart and the second is typical 5min chart, it is very clear when fast movements during news you can catch the move if Auto traded after 4 points close of the range bar, while after 30 points after the close of 5min bar !!. At the end of the day, why on earth a free platform gives more advantages than a paid not cheap platform??%!!!!!
This (from PRT on a 21 seconds chart) is all operating at the tick/quotes level (Pending Orders with Trailing al over the place), but you don’t know how to do it ?
Additionally, your perception of “virtual server” is quite special. 🙂
But let us know when you have something running on your own PC or a VPS or better – tell where on this globe you physically put that, what latency you achieved from where to where and why from there to there – all with the knowledge that Nasdaq bears 10K+ quotes per second (Gold less) – and what your infrastructural approach has been to achieve that “something” which you will come up with. Don’t hesitate to mention the platform used (if any).Btw, round trip latency from Australia (assumed that you reside there) to NY or wherever Gold is exchanged with a broker of your choice of which wee don’t know where that will be, is quite better these days than a few years ago. Take that as a base for your further thinking on your ideas about working at the “tick level”. 🙂
First, Please, see attached the proof that you can not use trailing stop attached to your limit order.
Second, I don’t not like the way your talking to me, this is very rude and I’m raising that to the admin @robertogozzi.
Third, I don’t need to proof to you or anyone else where I live, unless you consider that anyone lives in any country rather than a western country is a second tier compared to you, this is what’s called racism.
Fourth, attached a current MT4 live account working on VPS with an Australian broker IC markets AU.
Lastly, if you come again to jump on me like that, believe me you will not like or stand to my response
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Summary
This topic contains 15 replies,
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6 months, 2 weeks ago.
Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 08/02/2025 |
| Status: | Active |
| Attachments: | 9 files |
