Support Board
Date/Time: Thu, 28 Nov 2024 20:30:54 +0000
Possible? Buy SPY via DOM and also simultaneously and automatically buy ES?
View Count: 313
| [2023-03-31 14:43:10] |
| Calculus - Posts: 97 |
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For ES traders using very short time frames, 20 sec for example, the SPY just charts better (looks nicer)because of its smaller size and bid-offer (405.55 versus for the ES 4072). But the SPY is slightly more expensive to trade I believe. Would it be possible in Sierra and using the DOM to enter say a 100 lot SPY order and Sierra then automatically puts the same trade on in the ES (lot size to be determined by the trader)? So if the SPY is at 405.65, enter a trade to buy above on stop at 405.85 and if/when that trade executes to automatically send a market order to buy x ES? Or possibly even better, to work out what the correct level is in the ES (versus the SPY price of 405.65) and place a stop to buy x ES at that level so the order is working ahead of time? Is this possible for Sierra using the DOM? Thanks, Alex |
| [2023-03-31 17:35:12] |
| John - SC Support - Posts: 36350 |
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Certainly you can do this, but it requires a custom study to accomplish this. Refer to: Automated Trading From an Advanced Custom Study For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-03-31 19:45:16] |
| Calculus - Posts: 97 |
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John, that's the sort of answer I was looking for. Thanks a lot and got to love Sierra, just so powerful and well programmed. |
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