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EasyLanguage Collective2 Interface (MultiCharts to Collective 2)
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EasyLanguage Collective2 Interface (MultiCharts to Collective 2)

  #11 (permalink)
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Zoethecus View Post
So, this my provide for more accurate reporting of trades for the developer, but it won't have any bearing on a subscriber who uses C2 auto-trade correct? They will still be under lag and execution constraints because they are getting signals after the fact, correct?

If that's the case, then susbcriber slippage may actually increase from what C2 posts as exceuted trades and that is not a good thing.

No I don't really agree.

Most of the slippage is from the developer -> C2. If people are serious about trading a C2 strategy (end user), they will AutoTrade it with a broker, and the speed of that is near instant. C2 reports "realism" factor for trades, this is what the end user can expect to get using AutoTrade.

With my method above for EasyLanguage, you are sending orders to C2 that are limit orders including profit targets and stops, this results in far, far less slippage than by doing everything market at the time market touches price (like NT does by default).

Mike

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  #12 (permalink)
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stop orders (for entry) example

Mike, thanks for your work.
Can you give an example - how to use the Collective2 function to send the stop orders (for entry).


upd:
I'm sorry, I understood how to send the stop orders (for entry).
But I can not understand how to use the function SetStopLoss, SetBreakeven, SetProfitTarget, SetTrailing send orders to Coll2 with your function?


Last edited by Chepell; October 27th, 2010 at 06:09 PM.
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  #13 (permalink)
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Look at post #1 for the C2 Signal API link, find the function you need, and pass it to the easylanguage function I created as the "cmd" parameter. I did not implement all of them, but you can easily make changes.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #14 (permalink)
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Built-in Stop in MC

Hello Mike and thank you for this fantastic work. I think that MC is one of the best tool in order to build strategies but it has less "connectivity" than MT4 for example.... So this interface is welcome!

Like Chepel, I don't know how to use "built-in" stops in my MC signal.

For example:

SetStopPosition;
SetPercentTrailing(25,5);

Do I put:
Value1 = Collective2("signal"......
next after?

One more question, can I use forex mini contracts in C2 (i.e. 0.1 contract).

Thank u!!!!

Nicolas.

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  #15 (permalink)
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C2 Interface with email

I saw in C2 pages that an Email Signal Entry System is available.

I think that an integration with MC is possible (with alert email).

Is this solution too much slow or is it possible?

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  #16 (permalink)
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Post #7 shows code for setting stops with C2. You'll want to set them ahead of time like this code does to prevent slippage.

As for what C2 lets you trade, that is a question for C2, I can't speak to forex mini's.

As for email, that is much to slow. Using the method I've outlined the delay is about 5-7 seconds or so (90% on C2's side, so they could conceivably improve it one day). Email would be far worse, probably in the 1-2 minute range at best.

Personally I found 5-7 seconds acceptable since I am setting the order up ahead of time (targets/stops). It means there is some slippage on entry but not on exit, which was "good enough" for my use.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #17 (permalink)
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Multicharts to Collective2

I'm quite interested to try out Collective2 but I'm lost. I did try to download application using links from tread #1, but no success

I have my signal that are generated from Multicharts. I just don't understand the interface between them, even after reading all reply twice...

Any clarification trully appreciated

Martin
Montreal, Canada

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  #18 (permalink)
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Take it one step at a time and tell me specifically/exactly what step you do not understand or where you have a problem.

BTW, this entire solution requires some computer knowledge, so if you are not a PC guru then this method is not for you.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #19 (permalink)
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Quoting 
BTW, this entire solution requires some computer knowledge, so if you are not a PC guru then this method is not for you

.


I did go trough again late last night and I do understand now the logic, but not the process

-- Multicharts orders to a file

-- Dos program loop to see change in the order files
If change then use the Internet adapter software to send an Internet request line using the info from the
orders text files.

I'm not a PC guru expert. I do succeed to achieve my goals, but with lot of work. I will try again soon or look with solution from TradeBullet

Many thanks Mike for you kind support and dedication to your forum

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There is 3 steps, on which one have you some problems ?

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