Indicators from other trading activa

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  • 10/11/2021 at 3:42 PM #179402 quote
    Albaran
    Participant
    Average

    Hi there,

    I was wondering whether it was possible to use indicators from other assets classes than the one you are trading in?

    Example: I’m wondering if it is possible to use, e.g. the volume from the US500 (S&P), while trading in the DAX?

    I noticed that it is possible to call the indicator from another index but don’t know if only the code will be used  to calculate the volume of the DAX index or does it really take into account the volume of the US500?

    10/11/2021 at 4:43 PM #179408 quote
    robertogozzi
    Moderator
    Master

    Any indicator can only return data/info/signals on the traded asset.

    If you add your indicator to a DAX chart, or call it from a strategy running on DAX, you won’t be able to make it work with other assets.

    10/11/2021 at 5:42 PM #179414 quote
    Albaran
    Participant
    Average

    Pity, maybe a feature for the next PRT version..

    03/29/2024 at 11:52 AM #230700 quote
    Albaran
    Participant
    Average
    robertogozzi wrote:

    Any indicator can only return data/info/signals on the traded asset.

    If you add your indicator to a DAX chart, or call it from a strategy running on DAX, you won’t be able to make it work with other assets.

    Is this still true? I’d be wonderful to make use of such indicators…

    03/29/2024 at 1:59 PM #230712 quote
    robertogozzi
    Moderator
    Master

    Still true Albaran.

    Albaran thanked this post
    03/29/2024 at 2:41 PM #230713 quote
    Albaran
    Participant
    Average

    A real shame that! I’d be such an asset, if only to monitor existing positions in other trading activa/systems so as to get an even better grasp on the whole risk/reward ratio…

    07/16/2024 at 11:52 AM #235318 quote
    Albaran
    Participant
    Average

    Hi there,

    Other question on the same topic!

    Is it possible to run 2 different systems on the same index, one only in buy mode, the other only in short mode and use a kind of countofshortshares/countoflongshares so that each system can monitor the number of contracts the other system has engaged in?

    I’ve tested the countofshortshares/countoflongshares and it doesn’t work but is there a workaround?

    Thanks for the replies..

    07/16/2024 at 12:00 PM #235319 quote
    GraHal
    Participant
    Master
    Albaran wrote:

    Is it possible to run 2 different systems on the same index,

    Yes

    one only in buy mode, the other only in short mode

    Yes but it doesn’t have to be.

    so that each system can monitor the number of contracts the other system has engaged in?

    No, each System cannot ‘see the other’.  We can be long in both, short in both or long in 1 System and Short in the other … there is no restriction.

    Albaran thanked this post
    07/16/2024 at 12:04 PM #235321 quote
    Albaran
    Participant
    Average

    I’ve said it before and I’m gonna say it again: it’s a damn shame that systems can’t monitor each other..

    Thanks for the quick reply though, much appreciated!

    07/16/2024 at 12:14 PM #235322 quote
    GraHal
    Participant
    Master

    Only restriction is that we cannot have open positions as Long AND Short in the same System (manual trading yes, but not AutoTrading.

    robertogozzi thanked this post
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Indicators from other trading activa


ProOrder: Automated Strategies & Backtesting

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Albaran @albaran Participant
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This topic contains 9 replies,
has 3 voices, and was last updated by GraHal
1 year, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/11/2021
Status: Active
Attachments: No files
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