- ago
Hi

I'm considering a switch to WealthLab for FX/CFD trading. But many of my strategies use Range Bars and Tick Bars.

I see that there's an extension offering price-based bars like Renko, but not the bar types I need.

Two questions. For backtesting at an acceptable speed, can I import OHLCV Tick and Range bars and chart them and backtest them as I would with minute candles?

Second, would it be practical to trade those bar types live against a tick-resolution data stream?

What would be involved in coding this capability for the API? Is this something the devs would consider adding, or would I be on my own?
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Cone8
 ( 6.32% )
- ago
#1
QUOTE:
For backtesting at an acceptable speed, can I import OHLCV Tick and Range bars and chart them and backtest them as I would with minute candles?
Depends on the amount of history. Millions of ticks can make for intensive operations.

QUOTE:
Second, would it be practical to trade those bar types live against a tick-resolution data stream?
Depends on how fast the n-Tick bars would be forming. If you're getting a new bar (not just a tick, but something like 100-tick bar) every second or two, it's probably impractical.

QUOTE:
What would be involved in coding this capability for the API? Is this something the devs would consider adding, or would I be on my own?
Not required. For n-tick, n-volume, etc. bars, just select a Custom Interval.
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