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Is it possible to trade 2 symbols with one strat?


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Is it possible to trade 2 symbols with one strat?

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  #1 (permalink)
Orlando FL
 
Experience: Intermediate
Platform: MultiCharts, Ninja
Trading: Emini ES
 
Sinatra Fan's Avatar
 
Posts: 22 since May 2019
Thanks: 2 given, 5 received

Is it possible to track AND TRADE 2 symbols with the same indicator/strategy? For example, I would like to track and trade both the ES and MES simultaneously. My main reason is that as I put on more MES contracts, I eventually want to replace a block of 10 MES with 1 ES. Your thoughts...

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  #2 (permalink)
Myslenice Poland
 
 
Posts: 21 since Aug 2019
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NT can operate different Contracts with the same Indicator/Strategy on the same time, so it should be possible from the technical side. But I would like to ask you ďwhy?Ē, because I donít understand the sense behind it...? MES is the smaller brother of ES with a lower value for each point, but the chart and his movements should be the same as in ES. So it makes no sense for me to trade them together, in certain circumstances if you want to split your TakeProfit in different steps on the run and reduce your loss risk.
Iím actually working on an indicator, which has to operate on different contracts and timeframes at the same time and submits Entry- and Exit commands directly to strategy algorithms.

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  #3 (permalink)
torrance, ca
 
 
Posts: 2 since Jun 2020
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I have a similar question about Mulitcharts. Is it possible to create a strategy that is based on ES but executes orders on MES? ES has more reliable signals due to liquidity, but I would like to test a strategy with the lower risk of MES.

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  #4 (permalink)
Orlando FL
 
Experience: Intermediate
Platform: MultiCharts, Ninja
Trading: Emini ES
 
Sinatra Fan's Avatar
 
Posts: 22 since May 2019
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tj773 View Post
I have a similar question about Mulitcharts. Is it possible to create a strategy that is based on ES but executes orders on MES? ES has more reliable signals due to liquidity, but I would like to test a strategy with the lower risk of MES.

If I hear you correctly, you are asking - Can your strat make decisions based on ES data and fire off orders on MES? I believe that would be yes. That sounds like a simple SYMBOL MAPPING issue.

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  #5 (permalink)
torrance, ca
 
 
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Yes that's what I was wondering. Thanks for the the reply. I will look into symbol mapping. Has anyone actually tried this with ES/MES or some other contract?

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  #6 (permalink)
Myslenice Poland
 
 
Posts: 21 since Aug 2019
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tj773 View Post
Yes that's what I was wondering. Thanks for the the reply. I will look into symbol mapping. Has anyone actually tried this with ES/MES or some other contract?



Yes, Iíve a similar approach. At this moment Iím developing a strategy based on ES data for entry/exit, but order execution will be done in MES during test period. The MES is a great option for testing strategy behavior under real market conditions and for getting confidence with it, because risk of only a few dollars doesnít touch your mind and the fun factor is high, when it works and you earn a few dollars :-) Feel free to contact me if you have any questions


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June 27, 2020


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