The only advantage would be that it integrates with NT. So orders would appear in chart trader and one could use the NT ATM strategies.
But everything depends on the question if it is possible to get to the right click menu and if it is then possible to change the price...without the ability to submit limits and stops via the chart trader this approach would not work anyways. I think @bukkan has done something slightly similar with looping through ChartTrader controls... maybe he has an idea...
Also @ThatManFromTexas has used strategies to invoke ATM strategies from within an indicator, but I don't know if the strategy has to be activated manually before or if the indicator invokes it... if it is invoked by the indicator then everything should be quite easy from there on....maybe TMFT can shed some light?
P:S: @1LotTrader I'll stop hijacking your thread now....promise
Hic Rhodos, hic salta.
Last edited by vvhg; October 30th, 2012 at 11:43 AM.
I have not updated the binary on my blog yet, apologies I thought you were ok with .cs file and so on. I will compile a new binary and upload it. Will send you a PM when it's done. existing binary is still old.
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@vvhg, no worries, not hijacking, enjoy a good bit of discussion.
I have very little use of NT ATM strategies, trying to implement them in an order book I can see no reason, it is like bringing a knife to a gun fight.
I can see the useful part of integration with NT meaning you don't have to write all the adapters etc. but you will lose a lot in return. Anybody who has traded on an order book for a year daily would think twice because it is painfully visible how often you give up a tick here or a tick there, slow into the queue. In Bund you know sometimes if you don't get out, now you have to take the price 3 ticks down, that's costing 30bucks.. 2 or 3 times a week, this cost is adding up quickly.
This what I have said above is again the main reason why I encourage people to spend 3-6 months on the 1LDom as a stepping stone to learn about a book. If you spend the time, you will see many of the things where it is weak, what could be better etc., then you have a good base to move to something better. Problem is everyone wants the best straight away but don't know what best is. ATM ability in my opinion is a Z-list requirement. Speed of orders/Speed of Price/Stability of Book is A-List requirement. Just my opinion anyway.
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The indicator creates buy and sell buttons on Chart Trader...
When I click a buy or sell button ... the indicator invokes a strategy to create an order (market or limit depending on setup) ... which invokes an ATM strategy to handle stops and targets ... from that point on everything works just as it would normally...
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