Hi
I appreciate this is an odd question but…..
In ProOrder is there any way to open a dummy trade or simply alert when some conditions are met?
The reason I ask is because I’m trying to get around some things I can’t do with PRT:
- Create alerts when a closing price equals an indicator (not >= or <= but just =)
- Create a multi timeframe trading system on timeframes that aren’t divisible by each other
I have tried running the system on demo but with IG it appears demo and live data have differences which means demo is no good for me.
Any suggestions would be appreciated.
Thanks, Rob
If you are saying that you want to forward test on a real account without actually opening a position then this is not possible.
Also when running a strategy live no graphic instructions are allowed so you would not be able to see any indication of when a dummy trade would have opened or closed or if conditions were met.
In fact that’s possible, you can make dummy variables that you can GRAPH with a backtest. Once the backtest is finished, the strategy will continue to run like a forward test in real time. You’ll get the GRAPH that continue to plot values and also get alerts when the strategy detect that a new order should be opened. It is somehow what I explained at the end of this blog article about using the TIMEFRAME instruction to build your own MTF indicator: First approach to multi timeframe trading with ProRealTime
Thanks Nicolas and Vonasi. These are all food for thought.
The problem I have is that the indicator for a single timeframe is 500 lines or so. It may be possible to streamline it but it’s beyond me.
I’m going to look into the GRAPH option and having a go at a multi-timeframe system over the next couple of days.
I would like to share the code but it now contains a lot of intellectual property.
Thanks again.
Thanks for that correction Nicolas. So it is not so much forward testing live but a never ending back test. Still the back test would be using things such as fixed spread rather than the varying spread of real live trading.
