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Trading secondary symbols?
Updated June 3, 2021
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Trading secondary symbols?
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#1 (permalink
Louisville, KY
Posts: 2 since May 2021
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Hello, is it possible to trade a secondary symbol rather than the primary chart symbol? For example, I have an EasyLanguage strategy that currently generates long/short signals for QQQ. Rather than trading QQQ, I'd like to long TQQQ on a "long QQQ" signal, and long SQQQ on a "short QQQ" signal. Thanks in advance!
Can you help answer these questions
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#2 (permalink
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ChrisOCC
Hello, is it possible to trade a secondary symbol rather than the primary chart symbol? For example, I have an
EasyLanguage strategy that currently generates long/short signals for QQQ. Rather than trading QQQ, I'd like to long TQQQ on a "long QQQ" signal, and long SQQQ on a "short QQQ" signal. Thanks in advance!
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#3 (permalink
Louisville, KY
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kevinkdog
You'd probably have to set up 2 charts, one with data1=TQQQ and data2=QQQ on first chart and data1=SQQQ and data2=QQQ on 2nd chart. Then, all calculations for signal would use data2, and the buy/see would be for data1 symbol.
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#4 (permalink
Montreal
Experience: Intermediate
Platform: MultiCharts
Broker: IB Canada/Rithmic
Trading: CL
Posts: 349 since Jul 2011
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ChrisOCC
Hello, is it possible to trade a secondary symbol rather than the primary chart symbol? For example, I have an
EasyLanguage strategy that currently generates long/short signals for QQQ. Rather than trading QQQ, I'd like to long TQQQ on a "long QQQ" signal, and long SQQQ on a "short QQQ" signal. Thanks in advance!
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#5 (permalink
Posts: 3,040 since Jul 2012
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olobay
You could also use the Symbol Mapping feature. Map the TQQQ to the QQQ and when you place an order on the QQQ chart, it will send an order using the TQQQ symbol. If the tick sizes are the same, it should work.
MultiCharts can do this, but I do not think Tradestation can (that I know of)
Last Updated on June 3, 2021
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