Support Board
Date/Time: Tue, 22 Apr 2025 16:47:32 +0000
Trade and Current Quote Symbol (EURUSD/M6E and XAUUSD/MGC)
View Count: 276
| [2025-01-15 02:32:45] |
| Alex01 - Posts: 17 |
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Hello, I understand how to use Trade and Current Quote Symbol to trade for example M6E on 6E chart. I'd like to trade M6E contracts based on the EURUSD forex chart (instead of 6E). I'd like to do the same thing with XAUUSD and MGC contracts. In simulation, it works, but do you have a good reason to not do that with live trading? Of course, I'd prefer to use 6E chart when trading M6E (or GC with MGC), but the EURUSD and XAUUSD charts are way more reliable than the futures counterpart. As a price action trader, I see big differences in the candlesticks, and I'd like to trade on EURUSD/XAUUSD charts. On gold, I noticed the order price is 267 for my stop/limit order instead of 2687, and on EURUSD the order prices are different from M6E real prices, but they do seems to execute well. I could look at EURUSD and XAUUSD, and switch tab to execute on GC/MGC and 6E/M6E, but I'd prefer to stay on only 1 chart if it's possible. Your advice would be appreciated. Thanks Date Time Of Last Edit: 2025-01-15 03:05:52
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| [2025-01-15 06:25:46] |
| Sierra_Chart Engineering - Posts: 19305 |
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It will not make sense to use the cash Forex charts or CFD charts for Trading futures because there is going to be a price difference.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-01-16 14:49:18] |
| Alex01 - Posts: 17 |
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Even though there's a price difference, it works. I'd not have made this post if it didn't work. As a paid user, this is very important to me otherwise, I'll have to constantly switch tabs to look at EURUSD and execute on another tab 6E/M6E. The order price are different, but when the stop level or target price is hit on EURUSD, it seems to execute well on M6E. Why is it working if the order price doesn't match M6E contract? Could you please take the time to try it, you are experts in Sierra Chart. You will see that it works. It took me days to read the documentation, and configure everything I wanted myself without making many support threads/asking many questions, but this feature (EURUSD on M6E), even though the price doesn't match, it works and I'd like to use it. It would avoid me to constantly switching tab to manage my trades. Thank you. Date Time Of Last Edit: 2025-01-16 18:43:01
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