Main interrogation about ProOrder

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  • This topic has 1 reply, 2 voices, and was last updated 2 days ago by avatarJS.
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  • #252954

    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.

    #252956
    JS

    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…

    2 users thanked author for this post.
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