stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

Indicator or Robot
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2523		 Page 1 of 1
Author:  ianj [ Thu Jun 13, 2013 4:49 pm ]
Post subject:  Indicator or Robot
What are the ESSENTIAL differences between a Robot and an Indicator

Yes i know an Indicator is intended to be visual - more so than a Robot

But what can a Robot do that an Indicators cannot and vice versa

In Empty4 the differences are:
  • 1. Indicator are setup to visualise their output
  • 2. Indicators have a different THREAD model - they are supposed to be lightweight
What are the equivalent limits with a Robot/Indicator

I am looking at building something that has a SIMPLE interface requirement, yet communicates with processes OUTSIDE of cTrader (DLL or sockets). It will attempt to trade - and the THREADING model may be critical

Is it better as an indicator, or a robot, or both (one for visualisation, one for behaviour - somehow linked together ?

I have also posted this question on the spotware forum - ill post any answers here
Author:  ianj [ Fri Jun 14, 2013 3:57 pm ]
Post subject:  Re: Indicator or Robot
Ill answer this myself with a reply i just got from spotware

The major differences are:
  • Robot can trade, indicator can not
  • Indicators can be used in cTrader, robots can be run in cAlgo only (we will add an ability to run robots in cTrader in future)
  • Robots can reference and use indicators
  • Indicator is reinitialized (recreated) every time you change timeframe or refresh a chart. But you can not do this with robot, you must stop it first
  • Indicator can not access Account properties (positions, balance, etc) - we will implement this ability in future
All times are UTC Page 1 of 1

Powered by phpBB® Forum Software © phpBB Limited