Multiple signals applied to one chart - EasyLanguage Programming | futures io social day trading
futures io futures trading

Multiple signals applied to one chart
Updated: Views / Replies:463 / 1
Created: by Jonny473 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Multiple signals applied to one chart

  #1 (permalink)
Trading Apprentice
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
Posts: 6 since Sep 2012
Thanks: 2 given, 1 received

Multiple signals applied to one chart

Hello guys,

I have an issue in Multicharts regarding applying multiple signals to one chart; maybe you have some advice for me: I am still struggling to understand the logic behind applying multiple signals to one chart. MC combines multiple signals applied to one chart to ONE signal as I was told.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

See the pic above: I am using a trend strategy including MAs, RSI (optional), ADX (optional) and a SL/TP strategy linking to ATR. To adapt to different market conditions, I applied 12 signals to one chart with different parameters. The MAs for example reach from 2-21 (circled), for some RSI and/or ADX restrictions are applied (for example do not trade in overbought/oversold conditions; only when trend is existing). As said before, I could also open 12 charts and apply one signal to each only, which is probably the easiest way.

BUT: From a trade series and money management perspective it does make sense to apply all signals to just one chart. Because lets make the following assumptions. All 12 signals make 10 trades each over the period with a profitability of 90%, so there is one loss trade. Overall 110 winners to 10 loosers sounds promising. But what if the loosing trade for all 12 happens at around the same time. So you have 12 loosers in a row. My assumption is you can avoid it by applying all 12 to one chart (at least it becomes more obvious that the loosing trades all happen around the same time).

So my questions are:
-What coding is necessary to link all signals and to make them work independently (still all applied to one chart)
-Which parameters do I have to look at, to make sure the signals do not cancel/ cross each other. Shall the SL/TP for all signals be the same? My assumption is if 11 singals have more or less the same TP/SL parameters, with one signal having much smaller TP/SL parameters: Whenever this last signal happens when other signal would open a trade as well, TP/SL will minimized to adapt to the conditions of the one signal with minimized TP/SL.

Hopefully you have some advice for me.

Best regards

Reply With Quote
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


futures io > > > > > Multiple signals applied to one chart

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

September Journal Challenge (sponsored by TopstepTrader)


Battlestations! Win $947 in prizes for showing us your trading desk!


Finding Your Edge & Maximizing Returns w/Richard L Weissman

Oct 16

Similar Threads
Thread Thread Starter Forum Replies Last Post
multiple tick chart indicator acdrew0 MultiCharts 2 April 30th, 2015 12:46 AM
SetStopLoss Confilct with two systems applied to one chart. no erocla MultiCharts 4 July 7th, 2013 06:51 PM
Signals from multiple time frame charts Allistah Traders Hideout 7 October 18th, 2012 01:18 PM
TS/MC - Chart screen information for trade signals? RM99 TradeStation 2 November 25th, 2011 08:05 PM
'how to find template applied to a chart' emini_Holy_Grail Traders Hideout 6 January 9th, 2011 09:34 AM

All times are GMT -4. The time now is 05:11 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-10-16 in 0.09 seconds with 15 queries on phoenix