Change base currency for instrument?
Author: quaresma
Creation Date: 6/9/2018 10:53 AM
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quaresma

#1
Hello again.
I recently encountered such a problem. I downloaded the market data for the ETH / BTC tool (crypto). After I set the conditions starting capital: 100,000 and shares 5. In the end, I get the equity in BTC currency (although I initially pointed out the capital in $), but this is not a problem. I would like to know whether it is possible in wealth lab, after every closed trade, to contact another BTC / USD instrument and recalculate the closed position (which is expressed in BTC) in $ and whether it is possible to display (or get into the file) equity in $, rather than in BTC. I hope I put it plainly Thank you!
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Eugene

#2
Hi,

You're not looking for easy ways, don't you. At least three data providers return the crypto data already denominated in USD:

Cryptocurrency (Bitcoin) static provider
Quandl static provider
Forexite static provider

The Cryptocurrency provider is flexible enough to let you choose the custom base currency (e.g. BTC/EUR for euros) and supports cross rates (e.g. ETH/BTC).

Wealth-Lab isn't designed for multi-currency trading so just keep it simple!
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