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Pairs Trading with one DOM

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[2013-07-19 20:45:09] #1 [Go To First Post]
TheCalmTrader - Posts: 32
I know there is a way to plot 2 different pairs using the ratio study, but how would I create a single Dom for pairs I want to trade. For example, say I want to buy one ym future and sell one nq future all at the same time with one click. I want to create a dom that will let me enter and exit this trade with one click also have my running p/l on the dom aswell. Is this possible with sierra charts or do i have to do this manually? Thank you for your help in advance

[2013-07-22 01:57:03] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
If the particular Trading service you are using provides an exchange traded spread symbol for the particular markets that you want to trade as one, then you can open a Trade DOM for that particular symbol and trade it. Otherwise, you need 2 separate charts or Trade DOM windows and manually submit the orders. 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, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2013-07-22 04:39:12] #3 [Go To First Post]
TheCalmTrader - Posts: 32
So I know I do have a spread capabilities since i have tt feed and am with deep discount trading and I am familiar with how to pairs trade front month futures with back month.. but how would i trade say esu3 (emini sept) with 2 nqu3(nasdaq sept)? in other words what would i type in in the find symbol section for the trading dom. I tried putting esu3-nqu3 and a dom shows up and i get the symbol is unknown message. my needs are two fold I need to know how the correct text formatting i need to use and i also need to know the text formatting to do mutiple ratios ie a pairs trade that is 2:1 or 2:3 i know you have a study that does this beatifully but i need it on a dom. Thank you

[2013-07-22 18:03:07] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Refer to this section here: https://www.sierrachart.com/index.php?l=doc/TradingTechnologies.php#TradingSpreads For additional help please contact the CME exchange or your broker. It is possible the exchange does not offer the spreads you are interested in. But check with them. 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, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2013-07-23 03:04:17] #5 [Go To First Post]
rick e - Posts: 51
Hi User95171. I was reading your question with interest.If you want to do pairs (I just call them Spreads) automatically, you can use Spreadsheet System for Trading that you will find in the standard studies list. But I noticed the line : a pairs trade that is 2:1 or 2:3 i know you have a study that does this beatifully but i need it on a dom. My question to you is : which study is this that does pairs trades in various ratios so well? I would really like to know, that might help me alot also. Please let me know. Thanks - Rick

[2013-07-23 16:51:52] #6 [Go To First Post]
TheCalmTrader - Posts: 32
Hey Rick e, So if you open up the charts you want to do a spread on say its es and nq click on one of the charts go to studies and then hit ratio bar or line ( this is how the study will be depicted graphically) after that hit add study and then go to setting there should be a input for a multiplier which means how much you want to multiply a specific chart. after that you just plot it and everything is really easy to see. honestly i still prefer to look at the chart and kinda see what going on with my eyes but this could be helpful to some by the way thank you for your spreadsheet system trading i am going to work with that today and try to figure it out

[2013-07-23 17:13:46] #7 [Go To First Post]
TheCalmTrader - Posts: 32
rick e, can you explain how you set up the spread sheet study to send in a spread lets say our example of nq and es how would i set up the study to buy 2 nq vs 1 es. Do you mind sharing your studies? that might help me better understand it.

[2013-07-23 22:54:14] #8 [Go To First Post]
rick e - Posts: 51
If you want to trade a spread you would open a chartbook and place ES as #1 chart and NQ as #2 chart, then apply the study Difference-Line to chart #1 ONLY. Then apply Spreadsheet Study for Trading to BOTH charts and set the parameters as you would like them for both Spreadsheet Study for Trading spreadsheets, then write in the Buy Entry and Sell Entry formulas you are comfortable with in row three of BOTH spreadsheets (that is the 2 SHEETS of the spreadsheet window making one the primary (say ES) trading vehicle and one the dependant one (should be NQ). These are NOT exchange traded spreads but "legged" on spreads that get away from the huge bid/ask differentials you will find on exchange traded spreads. The following documentation in Sierra Chart will put you on your way to setting up these spreads: "Spreadsheet Systems, Alerts and Automated Trading" subtopic "Creating a Trading System for Automated Trading" (in SierraChart documentation) shows you how to place formulas into the appropriate cells with some very good workable examples.

[2013-07-29 12:21:41] #9 [Go To First Post]
TheOddsAreYouDontKnowTheOdds - Posts: 29
Ya'll are right -- creating ratio spreads through studies is easy. But, for me, having spreads (out of two or more separate symbols; I trade futures only) trade off a spreadsheet proved to be unworkable. Strange because the logic appears/is simple to set up. [For clarity: I know my way around Excel and then some.] It was easy to create a dashboard to monitor and control multiple tabs and switch on/off certain spreads. The values seemed to update just fine. But the orders did not fire off reliably (double orders, no firing, legging, etc. were common). All that said, I have gotten spreadsheet trading to work for single symbols. (e.g. buy 3 contracts of X when condition Y is met). Just not two separate symbols simultaneously and reliably. So, if you manage to get a spreadsheet to do that, then please let me know what you did. Thanks.

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