Trading real stop evens loss
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can I get that dome to do that can I program it in or anything
SP I reckon, but anyway I still don’t understand what you are asking?
You have written code (?) so what do you mean by … program it in?1 user thanked author for this post.
can that be built into pro real time into the Dome I’ve used
Yes I’m sure what you want can be coded as an Algo, but you need to specify EXACTLY what you need the code to do and in numbered points, as for example …
- Close Crosses over Average[20](Close) Buy 1 Contract.
- Close Crosses over Average[30](Close) Buy 1 Contract.
3. Close Crosses under Average[10](Close) Sell 1 Contract.
4. Close ….. etc etc.
5. etc etc
The Coding Wizards on here would be wasting their time if they guessed what you want as a coded Strategy.Also, I am intrigued … what is this ‘Dome’ you keep referring to??
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From what I understand, it was possible in NinjaTrader or Infinity Trading to program directly within the DOM (Depth Of Market) interface…
Unfortunately, this is not possible in ProRealTime (PRT)…
If you want to scale in or out in PRT, you can indeed use the ATR (Average True Range) for that…For example, you can define a few targets:
Target1 = EntryPrice + (0.5 * ATR)
Target2 = EntryPrice + (1.0 * ATR)
Target3 = EntryPrice + (1.5 * ATR)Then you can scale in or out using a condition like:
If Close > Target1 then
SellShort 5 contracts at Market
EndIf1 user thanked author for this post.
Normally I am not so weak to ask someone else what it is all about … but :
So, maybe I’m just clicking a button to buy, or maybe I’m acting on signals. Either way, I use a detailed approach to scaling in and especially scaling out of trades. For example, I might buy 20 contracts at a specific price—let’s say 200. My strategy for scaling out isn’t just arbitrary; it’s based on the Average True Range (ATR) and a percentage of that value. Instead of trying to calculate everything manually, I want the system to recognize: “Okay, you’ve bought 20 contracts, and now it automatically handles scaling out according to these rules.” Can this kind of automation be built into ProRealTime, specifically within the DOM (Depth of Market)? Previously, I used Infinity Brokers, but they got bought by NinjaTrader. Their DOM had sophisticated features for scaling in, scaling out, and things like Nightingale strategies.
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Can this kind of automation be built into ProRealTime, specifically within the DOM (Depth of Market)?
So now after making requirements more clear … are you able to also answer the question Peter please? 😉
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All I can do is show the order book (Micro S&P500 in this case) and tell that it is possible to trade with this (it bears numerous formats). But … in PRT-IB only. Not for IG … That is, in PRT-IB we can have some depth in the order book, which in PRT-IG does not exist AFAIK – if things didn’t change the past years.
The Order Book can adopt many formats (self-settable) of which you see two examples below. Green is IG, Blue is IBKR.
In the 2nd attachment I added a second screenshot for IBKR, so you can see how the “balance” changes over time. So Yes, you can nicely trade with this (with the left column empty, all is over sold). I was just too late catching that, but in the 3rd screenshot you see the dip of that at 14:11.No Autotrading possible with this.
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For those thinking : oh ? hmm !
Here a comparison between IG (Green) and IBKR (Blue). I tried to set both as equal as possible. You can see that with the IG version you can do nothing much – the data just is not there.3 users thanked author for this post.
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