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                                                   How to trade one symbol based on indicators of another?

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saratur
2011-01-17 08:42:19


... A basic question: How do I build a trading system, and/or a set of trading rules, where indicators and operations on indicators of one symbol trigger trades of another symbol?

For example, buy INTC if the ^NDX rsi(14) crosses above 20, or buy QQQQ if ^GSPC crosses above its upper bollinger band?



QuantShare
2011-01-17 09:29:11

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Best Answer
- Buy a security if the ^NDX rsi(14) crosses above 20

a = GetSeries("^NDX", close);
buy = cross(Rsi(a, 14), 20);

If you want to buy only INTC:

a = GetSeries("^NDX", close);
buy = cross(Rsi(a, 14), 20) AND StringEqual(Name(), "INTC");

Or you can use the Advanced Money Management Tool.

- Buy a security if ^GSPC crosses above its upper bollinger band

a = GetSeries("^GSPC", close);
buy = cross(a, BbandsUpper(a, 20, 2, _MaSma));



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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.