NexusFi: Find Your Edge


Home Menu

 





Using MC for trading stocks


Discussion in MultiCharts

Updated
      Top Posters
    1. looks_one Xyzzy with 6 posts (2 thanks)
    2. looks_two jdfagan with 3 posts (1 thanks)
    3. looks_3 FastBull32 with 3 posts (1 thanks)
    4. looks_4 horton with 2 posts (1 thanks)
      Best Posters
    1. looks_one ericbrown with 1 thanks per post
    2. looks_two Jura with 1 thanks per post
    3. looks_3 Xyzzy with 0.3 thanks per post
    4. looks_4 jdfagan with 0.3 thanks per post
    1. trending_up 9,790 views
    2. thumb_up 9 thanks given
    3. group 8 followers
    1. forum 23 posts
    2. attach_file 0 attachments




 
Search this Thread

Using MC for trading stocks

  #11 (permalink)
 
jdfagan's Avatar
 jdfagan 
Pacifica, CA
 
Experience: Advanced
Platform: AmiBroker, TradeStation, NinjaTrader
Broker: Options House
Trading: Futures, Stocks
Posts: 34 since Jun 2009
Thanks Given: 68
Thanks Received: 44


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)?

Follow me on Twitter Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
27 thanks
GFIs1 1 DAX trade per day journal
18 thanks
The Program
18 thanks
  #12 (permalink)
 
horton's Avatar
 horton 
Germantown, TN, USA
 
Experience: Intermediate
Platform: Esignal, Multicharts, MarketDelta, Stockfinder
Trading: Violin
Posts: 29 since Sep 2010
Thanks Given: 0
Thanks Received: 8

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.

Reply With Quote
  #13 (permalink)
nikke
grandiose
 
Posts: 34 since Aug 2010
Thanks Given: 5
Thanks Received: 6


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?

Reply With Quote
  #14 (permalink)
 Xyzzy 
Seattle, WA
 
Experience: Advanced
Platform: MultiCharts
Broker: IB/IQFeed
Trading: ES
Posts: 24 since Dec 2010
Thanks Given: 27
Thanks Received: 22

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.

Reply With Quote
Thanked by:
  #15 (permalink)
tmcdonough10
Newport Beach, CA
 
Posts: 2 since Jan 2013
Thanks Given: 0
Thanks Received: 0

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...)

Reply With Quote
  #16 (permalink)
 Xyzzy 
Seattle, WA
 
Experience: Advanced
Platform: MultiCharts
Broker: IB/IQFeed
Trading: ES
Posts: 24 since Dec 2010
Thanks Given: 27
Thanks Received: 22

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

Reply With Quote
  #17 (permalink)
 FastBull32 
 
Posts: 39 since Oct 2012

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?

Reply With Quote
  #18 (permalink)
nikke
grandiose
 
Posts: 34 since Aug 2010
Thanks Given: 5
Thanks Received: 6


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?

Reply With Quote
  #19 (permalink)
 FastBull32 
 
Posts: 39 since Oct 2012

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

Reply With Quote
  #20 (permalink)
sinedanat
Saratov Russia
 
Posts: 2 since Nov 2012
Thanks Given: 3
Thanks Received: 0


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

Reply With Quote




Last Updated on July 20, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts