I'm working on a strategy that I would like to apply to the mini Dax future. At the moment of the creation of the theory behind the strategy I was looking at the FDAX chart. When I've installed 3 weeks ago for the first time multichart then I started to write code and test it on the fly directly over the Mini Dax graph. Since I use tick based chart I realized TODAY that things looks different on FDAX tick based chart and MINI DAX tick based chart...
I tried my strategy on the dax and it also seems to work...
But the question is: It is correct to apply the strategy over the MINI DAX chart ?
If the answer is NO, so then is there a way to apply the straegy on the FDAX chart but made entries on the minidax??
I came across this thought this morning and I'm a little bit confused.
Thanks in advance for every suggestion,
Regards,
David
Can you help answer these questions from other members on futures io?
Waiting for an answer I've received some suggestions so I'm updating the post.
As I've understood I shall apply my signal to the MINI DAX, then from the Chart with "Insert Instrument" I have insert the FDAX and then within the code I must add "of Data2" after all the logic (example "Close of Data2") so it will refer to the FDAX in order to generate buy/sell orders.
There is minimal divergence (0,5 - 1 point) between FDAX and FDXM... FDXM has got poor volume, so you can base your strategy on FDAX and execute it on FDXM
The following user says Thank You to skepsi for this post:
Yes this is what I would like to do. :-D
Please correct me if I'm wrong:
So in order to do that I should apply the signal to the MINIDAX (data1) chart (that's because the orders will be executed only on the MAIN DATA1 of the chart, is this correct? then on the same chart I add Data2 wich is FDAX and then I can use the QUOTATION of Data2 to trigger the buy/sell actions... (Using "of Data2" in my logic)...
Is it correct?
It should be simpler to use the strategy on the FDAX chart and simply say "Buy 1 minidax" inside the code but as I've understood it's not possible on multichart.
Looks like i have answerred in wrong section, sorry