Thanks Nicolas. Very helpful. At least I’ll stop trying to understand why that does not work !! 🙂
Even though I’m not sure I understand why they cannot make it work. I definitely hope they do as part of a new version of ProRealTime. All the graphs are displayed perfectly in ProRealTime (in customized time and daily bars) for ca. 3 years of history, which might be a bit short for backtesting purposes, but is much more information than needed to run automated orders. Not being able to run automated orders on a customized daily timeframes sounds like it makes ProOrder an intraday tool only, which is a bit disappointing (obviously, I guess no one wants to place automated orders on European or American markets at midnight where spreads are highest and liquidity is lowest; and if you want to place daily orders on Asian markets (as I do), you cant’s just go with a “defparam flatbefore 070000” which would ignore the latest 7 hours of relevant information).
I definitely hope they fix this in the next version. In any case, the rest of the tool is great, and this forum is extremely helpful, so thanks a million for this !
Best,
Loeïz
Thank you so much Nicolas
Best,
I appreciate! Have a great week-end! 😉
Thank you for a great thread! I have been as puzzled as Loeiz as I could not think that the system could have been envisaged with such a major flaw. I’ve tried over and over to adapt to daily timeframes based on the actual market opening hours, eg DAX between 08:00 and 22:00 CET. Obviously, as Loeiz pointed out, you do not want to trade systems based on daily frames at midnight when spreads are ridiculous. The only work-around I have come up with is to reconstruct daily indicators based on 1-hour timeframes and have a TIME condition so that trades are only executed once per day. But this of course limits the data available for backtesting.
The PRT code language is really simple, intuitive and simple to work with. Therefore I really hope that PRT will develop ProOrder backtesting and live trading such that it becomes a usable tool, as opposed to the current situation, ie a nice tool without appropriate live functionality for trading on daily timeframes and in reality limited data available for backtesting purposes.
Does anybody know what PRT plans are in terms of future development and releases?
I know multitimeframe is actually been working on by PRT developers as it is a major request by customers. I haven’t tested myself, so I cannot say if it will solve this daily timeframe customized issue, sorry.
