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Is possible realt-time (intrabar) trading with EasyLanguage/TS?


Discussion in EasyLanguage Programming

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Is possible realt-time (intrabar) trading with EasyLanguage/TS?

  #1 (permalink)
mwtzzz
Sunnyvale, CA
 
Posts: 171 since Dec 2012
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A few years ago I looked into EasyLanguage on the TS platform. The thing that dissuaded me from using it was that I couldn't see a way of trading real-time prices (or prices that are no older than a few seconds). The closest I could find was trading the closing price of the last minute bar.

This isn't sufficient for my trading strategy, because I look at velocity and movement on a smaller timescale (on the order of 10-seconds or so). Has anything changed to where this is now possible? I see mention of an "Intrabar order" - Does this mean I can keep track of real-time prices and place an order now instead of waiting for the minute bar to finish?

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  #3 (permalink)
 ABCTG   is a Vendor
 
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mwtzzz,

yes, Tradestation allows for intrabar order generation and computing strategies intrabar nowadays. There are some limitations though, one would be that you can't use it with/on advanced bar types (like Kase, Renko etc.).

Regards,

ABCTG

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  #4 (permalink)
mwtzzz
Sunnyvale, CA
 
Posts: 171 since Dec 2012
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ABCTG View Post
mwtzzz,

yes, Tradestation allows for intrabar order generation and computing strategies intrabar nowadays. There are some limitations though, one would be that you can't use it with/on advanced bar types (like Kase, Renko etc.).

Regards,

ABCTG

How would one code this in EasyLanguage? I see the setting to enable IntraBar order generation to "True", but I can't see any Buy or Sell commands that use it. (buy and sell require at bar close or next bar).

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  #5 (permalink)
 ABCTG   is a Vendor
 
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mwtzzz,

when intrabar order generation is enabled, "next bar" means next tick and you would use the regular orders.

Regards,

ABCTG

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  #6 (permalink)
mwtzzz
Sunnyvale, CA
 
Posts: 171 since Dec 2012
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ABCTG View Post
mwtzzz,

when intrabar order generation is enabled, "next bar" means next tick and you would use the regular orders.

Regards,

ABCTG

Got it. Thanks!

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  #7 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,433 since Apr 2013
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mwtzzz,

you are welcome. This link gives a good explanation: https://www.multicharts.com/trading-software/index.php/IntraBarOrderGeneration.
I would also suggest checking this: About Intrabar Order Generation and the mentioned look inside bar backtesting feature.

Regards,

ABCTG

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