Trading based on a another instrument

[arbuthnot]

Hi Guys

Is it possible to set up an automated strategy which works on, and is activated by, one instrument, say the cash Dow (^DJIA), but which places its trades on another, say the ES?

(The rationale behind this is that the Dow and the ES move very similarly, but each 'tick' in the ES is is roughly equal to 250 in the Dow as represented on the NinjaTrader charts, thus affording much greater precision when analysing the Dow.)

Thanks for letting me know.

[NinjaTrader_Brett]

Hello,

Thanks for the form post.

This is absolutely possible, this would need to be done with what is known as Multi Time Frame & Multi Instrument strategy.

Information on how you would do this and considerations to be aware of can be found here:

http://www.ninjatrader.com/support/helpGuides/nt7/multi_time_frame__instruments.htm

Please note that the strategy wizard is not able to MTF strategies.

As always let us know if any questions.

_Brett

[arbuthnot]

Thanks, Brett, very much indeed. I suspected that might be possible and now I know!

I'll be back if I have any questions but I'll try and 'master' this approach as much as possible myself.