Hi guys,
How to make ProOrder perform a trade lively, in Tick-by-Tick mode, not after the update of the current candle TF.
Example, if current price Tick By Tick gets out the BB- (2 20) TF 15′ enter right now with a Long position, no matter how long still time before the ending of the candle calculation
Isn’t this a limitation for your algo trades ? if so, how do you manage with it ?
Looking forward to hearing from you,
Regards.
JSParticipant
Senior
Hi,
You cannot use tick-by-tick data in ProOrder because it is not time-based like timeframes with fixed time intervals…
However, this doesn’t have to be a limitation, as you can use MTF (Multiple Time Frames)…
This allows your main code to run on, for example, a 10-minute timeframe, while your order management can operate on a lower timeframe, such as 1 minute or even 1 second…
The downside of this MTF approach is that the available historical data is limited by the lowest timeframe…
For instance, when using a 1-second timeframe, the historical data is usually restricted to only a few days or weeks…
This can be a limitation when backtesting a system…