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Date/Time: Thu, 02 May 2024 02:13:47 +0000

Post From: custom spreads charting in Sierra Chart

[2017-11-11 20:20:32] Link To Thread - Link To Post [Go To First Post]
rpodgo - Posts: 2
I am looking for a charting/trading platform to trade spread strategies mainly in Forex/CFDs. I would like the charts to be based on reliable and true data for forex - so probably external feed from data sources like IQ Feed or similar (not CFD data provided by brokers). I need as good data as possible with OHLC full candles info for even short time frames - preferably tick data as I would like to chart also SPREADS on 2 currency pairs in a created synthetic spread formula. What is the most important - I need to be able to CREATE and STORE custom spreads from 2 currency pairs. Preferable not simple spread - difference or ratio - but a simple formula involving 2 currency pairs. I am used to Bloomberg Terminal and this was simply achieved in BBG by CIX spread function. DO you have similar functionality in your platform? the example of formula that I would like to STORE and Chart with OHLC candles from 5m to daily: 100 * (GBPNOK Curncy / 10.6117 - AUDJPY Curncy / 88.478 + 1) Please let me know if this would be possible on your platform? 1. Can later link a CFD broker to your platform to trade directly from your platform with him? 2. if yes - can leave stop orders and profit take orders based on the TOTAL results of 2 trades? For example: I am long 1 lot EURUSD and short 1 lot GBPUSD - can I set a stop loss based on result of those 2 trades - lets say when total loss on the both trades COMBINED is 500 USD - close both trades. cheers, Rafal