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Using MC for trading stocks
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Using MC for trading stocks

  #11 (permalink)
Elite Member
Pacifica, CA
 
Futures Experience: Advanced
Platform: AmiBroker, TradeStation, NinjaTrader
Broker/Data: Options House
Favorite Futures: Futures, Stocks
 
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horton View Post
Worden Stockfinder is the best client side stock scanner I have found. I use MC for macro scans but if I want to scan the entire US equity market on a near real time basis I go to Stockfinder for that.

Thanks horton. Does Stockfinder have the capability to hook into a broker to automate trades (i.e., order execution and trade management)?

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  #12 (permalink)
Elite Member
Germantown, TN, USA
 
Futures Experience: Intermediate
Platform: Esignal, Multicharts, MarketDelta, Stockfinder
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No. You can get down to 1 minute resolution with no symbol limit on the data feed. But they only cover US equities, no international equities and no futures. You would have to cut/paste or export/import and setup list into MC. However I believe that amibroker supports the Worden data feed so that might let you do the scan and execution in one place.

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  #13 (permalink)
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grandiose
 
Futures Experience: Intermediate
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Similar stock scanning and trading issues here:

Is it possible to use MC market scanner to scan hundres of stocks based on custom coded criteria and then submit orders automatically to the interesting ones?

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  #14 (permalink)
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Seattle, WA
 
Futures Experience: Intermediate
Platform: MultiCharts
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Currently, MultiCharts doesn't support autotrading from the scanner window. Instead, you need to open up a separate chart window for each symbol that you want to trade.

However, MultiCharts just announced that they're working on implementing a "portfolio trading" feature that would allow you to do something like this. I'm guessing that this will be included in their next release. There's no ETA at the present.

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  #15 (permalink)
Trading Apprentice
Newport Beach, CA
 
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Any word on that portfolio trading feature? Still trying to do intraday scans of the entire equities market based on my system and have it automatically execute from the results (without opening up thousands of charts...)

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  #16 (permalink)
Elite Member
Seattle, WA
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB/IQFeed
Favorite Futures: ES
 
Posts: 20 since Dec 2010
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According to their Project Management page, it's listed as a planned feature for MultiCharts 9.0. I'm looking forward to it. No idea of when it will be released, but given their update history, I wouldn't be surprised if there's a beta within a few months.

MultiCharts Project Management - Issue MC-114 - Add the ability to auto-trade a portfolio of stocks

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  #17 (permalink)
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Nicosia, Cyprus
 
Futures Experience: Intermediate
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Since this thread seems to have come back from the dead, let me note that now Multicharts runs unlimited number of symbols for portfolio backtesting, and it's fast and accurate (I reproduce the results in Excel) too.

My idea of scanning stocks is to use MC's portfolio backtester on the stock universe I want, with the strategy already designed with powerlanguage.
This takes a few (3 to 5) minutes to run, compared to a scanner that would take a few seconds, but I am assuming that to build my strategy in a scanner, make sure it works identically to powerlanguage and then maintain everything twice, would take more time over the long run.

Any comments?

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  #18 (permalink)
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grandiose
 
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moses View Post
Since this thread seems to have come back from the dead, let me note that now Multicharts runs unlimited number of symbols for portfolio backtesting, and it's fast and accurate (I reproduce the results in Excel) too.

My idea of scanning stocks is to use MC's portfolio backtester on the stock universe I want, with the strategy already designed with powerlanguage.
This takes a few (3 to 5) minutes to run, compared to a scanner that would take a few seconds, but I am assuming that to build my strategy in a scanner, make sure it works identically to powerlanguage and then maintain everything twice, would take more time over the long run.

Any comments?

Data is a bottleneck.
Hard to get realtime data for unlimited number of symbols.
How have you solved it?

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  #19 (permalink)
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1st, a disclosure - I have not yet 'traded'this plan to know how practical it is.

My idea is, given that:
a - I would only have to download today's data (the rest is already on the local disk)
b - the strategies only need data for the lookback period of the strategy (say, 100 periods - so a couple of thousand stocks times 100 periods = 200k data points, a couple of minutes work for MC).

that I wouldn't have a problem with bottlenecks.
I am only using daily and minute data, no ticks.

I'm setting up this idea, and plan to run it in the next 1-2 days, I can give some feedback here about how it runs.
I am very interested to hear how others who are using MC, are solving their scanner requirements.

Andreas

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  #20 (permalink)
Trading Apprentice
Saratov Russia
 
Futures Experience: None
Platform: MarketDelta
Favorite Futures: Currency Futures
 
Posts: 2 since Nov 2012
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MultiCharts Stock Brokers


Hello!

Can you recommend me any stock brokers that allow to trade through MultiCharts?
All brokers stated on MultiCharts Supported Brokers page are for futures/forex only ...

Thanks a lot!
Eduard

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