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Can I do the following on MC?
Started:January 23rd, 2012 (06:49 PM) by 30percent Views / Replies:882 / 3
Last Reply:January 29th, 2012 (07:40 PM) Attachments:0

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Can I do the following on MC?

Old January 23rd, 2012, 06:49 PM   #1 (permalink)
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Can I do the following on MC?


I'm new to programming.

I took time to learn c# and how to code my trading system in Ninjatrader. However, I came across (formerly BMT)'s website and Mike's comparison between MC and NT. I'm considering of switching from NT to MC. On NT I set CalculateOnBarClose = false on my strategy. However, it doesn't seem to process tick-by-tick . There were a host of other issues that I encountered on NT. It has been pretty frustrating. At this point, I'm willing to look at alternative automation trading software.

Wonder if I could get some help here with anyone that has experience of using MC.

Can I do the following in MC7?
a) on point and figure chart - don't process the strategy unless current bar is 2 days older than the first bar.

b) find the lowest low or highest high of the last 2 days on point and figure chart?

c) add other data series/indicators to a point and figure chart?

If I could do these, hope someone could guide me through. I want to learn as much as possible before downloading MC to try it out.

Thanks a lot!

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Old January 23rd, 2012, 06:49 PM   #2 (permalink)
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Old January 24th, 2012, 03:08 PM   #3 (permalink)
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Yes, they can all be done.

MultiCharts natively does tick-by-tick backtesting.

One caveat, when using exotic bar types like PnF, Renko, Kagi, 3LB, etc, the "Open" of the bar (where the strategy trade takes place from the prior bar, if IntrabarOrderGeneration is off) will be false. You can get around this by having Data1 be a non-exotic bar type, like a 1 range bar, and then Data2 for your exotic bar type.

Data1 would then be used for execution, and Data2 for signaling.


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Old January 29th, 2012, 07:40 PM   #4 (permalink)
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Hi Mike,

to make sure I have this right, if I set IntrabarOrderGeneration = true the following strategy for point and figure will be processed real time or tick-by-tick?

Anytime, market price is higher than High[1], signal would be triggered.

if High > High[1] then
//do something

Otherwise, if I set IntrabarOrderGeneration = false, in this case, I would have to use Data1 and Data2 as you described?

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