Tomhgriff1:
Hi All,
I am a spread trader, so trade correlations between different markets, often simultaneously long and short correlated markets at the same time.
Does MT5 offer the functionality to chart/backtest and auto trade such systems?
An example of such a system would be buy 1 WTI Oil contract and Sell 1 Brent contract when x happens?
CQG offers this functionality but its pretty expensive so hoping MT5 does also.
Kind Regards
Tom
Hi All,
I am a spread trader, so trade correlations between different markets, often simultaneously long and short correlated markets at the same time.
Does MT5 offer the functionality to chart/backtest and auto trade such systems?
An example of such a system would be buy 1 WTI Oil contract and Sell 1 Brent contract when x happens?
CQG offers this functionality but its pretty expensive so hoping MT5 does also.
Kind Regards
Tom
Hi Tomhgriff1
I do the same. I use custom symbols (eg: WTI_BC = WTI/BC). Then I just build EA's to apply my indicators to the spread and enter/exit 2 legs of the trade when I get my signals. This works for anything correlated/cointegrated but you should apply multipliers to the ratios to bring the prices into alignment. You can also use these custom symbols to backtest. This is only for execution however. I do all my analysis of markets externally with python and other market or alternative data sources. Happy Trading.
Contacts and requests
I am a spread trader, so trade correlations between different markets, often simultaneously long and short correlated markets at the same time.
Does MT5 offer the functionality to chart/backtest and auto trade such systems?
An example of such a system would be buy 1 WTI Oil contract and Sell 1 Brent contract when x happens?
CQG offers this functionality but its pretty expensive so hoping MT5 does also.
Kind Regards
Tom