Trading secondary symbols? - futures io
futures io



Trading secondary symbols?


Discussion in EasyLanguage Programming

Updated
    1. trending_up 614 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 4 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Trading secondary symbols?

(login for full post details)
  #1 (permalink)
ChrisOCC
Louisville, KY
 
 
Posts: 2 since May 2021
Thanks: 0 given, 0 received

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!

Reply With Quote

Can you help answer these questions
from other members on futures io?
you cant wait for life is not hard anymore before you de …
Psychology and Money Management
Using fxd files in FXCM trading station
Platforms and Indicators
Wyckoff room
The Elite Circle
Price Action Swing Pro NT8
NinjaTrader
Looking for VisEMA indicator for NT7
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Beast Slayer, Lances NQ Trading Journal
45 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
Michael Burry warns the Mother of All Crashes is coming
21 thanks
FairX is launching soon
17 thanks
Chart Trader Alternatives ?
14 thanks
 
(login for full post details)
  #2 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,040 since Jul 2012
Thanks: 1,620 given, 6,035 received


ChrisOCC View Post
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!

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.

A little tricky, but it could be done I believe. I have never tried that though with only trading long or short for a particular symbol...

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #3 (permalink)
ChrisOCC
Louisville, KY
 
 
Posts: 2 since May 2021
Thanks: 0 given, 0 received



kevinkdog View Post
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.

A little tricky, but it could be done I believe. I have never tried that though with only trading long or short for a particular symbol...

Thanks, that's exactly what I did and it looks good so far!

Reply With Quote
 
(login for full post details)
  #4 (permalink)
 olobay 
Montreal
 
Experience: Intermediate
Platform: MultiCharts
Broker: IB Canada/Rithmic
Trading: CL
 
Posts: 349 since Jul 2011
Thanks: 406 given, 516 received


ChrisOCC View Post
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!

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.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,040 since Jul 2012
Thanks: 1,620 given, 6,035 received


olobay View Post
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)

Follow me on Twitter Reply With Quote


futures io Trading Community Platforms and Indicators EasyLanguage Programming > Trading secondary symbols?


Last Updated on June 3, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts