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Trading on the RTY Chart, Entering trades on M2k


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Trading on the RTY Chart, Entering trades on M2k

  #1 (permalink)
 tonycashflow 
Montreal Qc/Canada
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Hi all,

I was wondering if it was possible to enter trades using the RTY chart, using the chart trader, but the trades would be entered on the M2K contract instead.

I would like to do this because I feel the RTY chart are better because of more ticks for the same move, not sure if thats clear...

Thanks
Antoine

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  #2 (permalink)
 
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 sam028 
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tonycashflow View Post
Hi all,

I was wondering if it was possible to enter trades using the RTY chart, using the chart trader, but the trades would be entered on the M2K contract instead.

I would like to do this because I feel the RTY chart are better because of more ticks for the same move, not sure if thats clear...

Thanks
Antoine

I should have something to this next week, send me a PM if I forget.

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  #3 (permalink)
 rb55 
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Is this possible?

I'd like to do the same with ES and NQ as well.

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 sam028 
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rb55 View Post
Is this possible?

I'd like to do the same with ES and NQ as well.

It's possible but then some kind of ratio will be required for stop/limit orders and ATMs. With market entries/market exits then it's easy.

I'm getting closer but it's more complicated than expected, and I didn't tested with fills on the slave side (MES for example) and not on the master side (ES), partial fills on the slave, ...

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 brucerobinson 
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tonycashflow View Post
Hi all,

I was wondering if it was possible to enter trades using the RTY chart, using the chart trader, but the trades would be entered on the M2K contract instead.


Thanks
Antoine

You could add both the RTY and M2K Data Series to your chart, hide the M2K (make it Transparent), set Chart Trader to execute on M2K but trade off the RTY chart visually.

Best,

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  #6 (permalink)
 
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 sam028 
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I'm getting closer but still not working well in some conditions (if a slave order is filled before the master order).
But if the slave is set to not replicate the master instrument/master account exits then it works well.

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  #7 (permalink)
 tonycashflow 
Montreal Qc/Canada
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brucerobinson View Post
You could add both the RTY and M2K Data Series to your chart, hide the M2K (make it Transparent), set Chart Trader to execute on M2K but trade off the RTY chart visually.

Best,

Great idea, will try this out. Thanks!

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  #8 (permalink)
 tonycashflow 
Montreal Qc/Canada
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Experience: Intermediate
Platform: MT4 and others
Trading: ES, Forex
Posts: 7 since May 2012
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sam028 View Post
I'm getting closer but still not working well in some conditions (if a slave order is filled before the master order).
But if the slave is set to not replicate the master instrument/master account exits then it works well.

Hey this looks good. Thanks for the work on this. DO you mind sharing so I can test it out?

Thanks!

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 sam028 
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tonycashflow View Post
Hey this looks good. Thanks for the work on this. DO you mind sharing so I can test it out?

Thanks!

I'll let you know when I have a version worth testing.

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  #10 (permalink)
 
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 Botts 
Penetanguishene, Ontario, Canada
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tonycashflow View Post
Hi all,

I was wondering if it was possible to enter trades using the RTY chart, using the chart trader, but the trades would be entered on the M2K contract instead.

I would like to do this because I feel the RTY chart are better because of more ticks for the same move, not sure if thats clear...

Thanks
Antoine

I haven't spent a lot of time looking at this but my guess is you'll find a lot of this type of thing happening to your entries.

You might find looking at multiple timeframes of the same instrument rather than trying to synthesize an entry based on a more liquid contract is a better use of your time?

Just a thought.
Best of luck

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