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MC v7 Cool things
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MC v7 Cool things

  #1 (permalink)
Elite Member
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MC v7 Cool things

The purpose of this thread is for people to highlight cool things they've found about MC 7.

We've all read the MC documentation, but as with all new software versions, people are going to find things that they find more useful than others.

This is not supposed to be a new feature list, but informing forum readers what features you have found useful and how it has benefited you.

Note - This thread will assume that you have already upgraded to Version 7

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  #2 (permalink)
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for example

When editing code, in the past when you selected an auto suggested function or variable name, unless you had a space between the next word MC would over write that word.

if I had a statement like:

if condition1 = true then .....

and edited it to add in an addtional condition:

if condition1 = true and condition2 = true then .....

very often the "then" would be overwritten with "condition2" unless you were very careful on how you insert the new condition.

Now MC doesn't do this -

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  #3 (permalink)
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Chart Trader


Testing the Chart Trader - way cool. Behaves very much like the Ninja version, with:
  • Drag and drop order / stop / pt on the screen
  • changing the display from $ to pips to %
But can't seem to find how to add templates for different strategies like you can in Ninja.

Ooops had a MC crash when I tried editing a complex exit strategy whilst I had an trade (sim) going. Not so cool...

good job the orders were with the broker (IB) and I was in sim.

Restarted MC not issues and it has reloaded the order in Chart Trade. But this needs more investigation before real use.

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  #4 (permalink)
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One of the things I like the most is how you can manipulate pending orders, like pending breakout trades or pending target/stop from a pending buy stop or sell stop before it gets triggered. Sierra does this, too, but Ninja doesn't and it always aggravated me to no end.

Mike

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  #5 (permalink)
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Big Mike View Post
One of the things I like the most is how you can manipulate pending orders, like pending breakout trades or pending target/stop from a pending buy stop or sell stop before it gets triggered. Sierra does this, too, but Ninja doesn't and it always aggravated me to no end.

Mike

Hi Mike

Not sure I understand what you mean here...

I thought you could move pending orders in Ninja, especially on Chart Trader? Or are you meaning the pending targets / stops?

Cheers

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  #6 (permalink)
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Complex Exit Strategies

Well - I definitely have an issue editing complex exit strategies as everytime I try to edit, MC stops working and crashes

This is a first for me and my experiences with MC. Does anyone else have this issue or is it to do with my setup?

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  #7 (permalink)
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diverdan View Post
Hi Mike

Not sure I understand what you mean here...

I thought you could move pending orders in Ninja, especially on Chart Trader? Or are you meaning the pending targets / stops?

Cheers

Pending targets and stops associated with the pending order.

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)
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  #8 (permalink)
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diverdan View Post
Well - I definitely have an issue editing complex exit strategies as everytime I try to edit, MC stops working and crashes

This is a first for me and my experiences with MC. Does anyone else have this issue or is it to do with my setup?

Sorry, never messed with it beyond the standard 'xx' tick target/stop, which is good enough for me - after which I move them manually immediately after placing the order, even while it is still pending.

Go to MultiCharts live chat support tomorrow during trading hours and they can log on to your computer while you reproduce the issue.

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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  #9 (permalink)
Fortitudo et Honor
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I noticed on the press release that MC 7 now offers "stop limit orders."

All I have to say to that is amen.

Anyone who's ever traded for real....EVER, would know that this is a desirable feature for just about any trader.

What use is a "stop order" when executing a trailing stop? It makes NO SENSE to me.

On TS, the stop orders are "at or worse" for exits. Stop orders on TS are only useful for entries (where the convention is "at or better").....and I seriously wonder how many people use stop orders for entries....seriously.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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  #10 (permalink)
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RM99 View Post
and I seriously wonder how many people use stop orders for entries....seriously.

I use buy and sell stops to enter on breakout trades. Exits are always by limit orders.

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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