Now with the concepts covered, let us create our first Strategy on Tradetron
We will be using one technical indicator (Bollinger bands). You can read about what are bollinger bands here
Our custom list of instruments
The candle size we use in this strategy is of 15 minutes
So, you want to automate your trading strategy. How do you do this? All you need to do is, give the computer-specific set of instructions about when to enter into a trade and when to exit.
This may sound simple, however, this requires a deep understanding of programming languages, computer networks, and system integration.
Here is where Tradetron comes to your rescue. Even without any knowledge of computer science, Tradetron helps you build and automate your trading strategies.
Before we understand what are Lists / Multiple instruments, you need to first make your strategy and run on a single instrument.
Click here to first make a simple bollinger based mean reversion strategy
Assuming now, that you have your entry condition ready and tested on Tradetron for a single instrument, and you want the same condition to check multiple instruments and take positions in those instruments accordingly
Many a times it would happen that you would want more than one condition to satisfy before you take a position or either one of the multiple conditions to satisfy before taking positions
This can be achived using the Logical connections in the condition builder
There are two Logical connections you can make
1. Logical AND
2. Logical OR
So, you have created your strategy on Tradetron.
Before we understand Marketplace Settings, we need to understand, what is a Marketplace on Tradetron.
Similar to how Amazon, eBay & Alibaba.com are e-commerce marketplace for products, Tradetron is a marketplace for algo strategies.
What do you mean by this?
Similar to how vendors can sell products, on Tradetron, users can create strategies and put them up on the marketplace for others to subscribe and use.
To go to TradeTron Marketplace, go to Strategies -> Marketplace.
Assuming that you have created your first simple strategy from reading the previous blogs, let us know understand how to implement a multi-leg strategy and how you can take action on specific legs.
What is a Multi-leg strategy? A multi-leg strategy is any strategy which takes positions simultaneously, in different instruments at the same time for one single entry condition
For example a Long Strangle