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My Problems with Multicharts
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Created: by greenroomhoo Attachments:3

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My Problems with Multicharts

  #11 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
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I've never tried the backtesting in MC, but I don't believe NT or SC do portfolio backtesting at all, so it seems to me it would still be the best (only?) option regardless of the limitations.


Last edited by vegasfoster; December 11th, 2011 at 02:35 PM. Reason: Didn't see Lornz post, AMIBROKER ROCKS!!!
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  #12 (permalink)
Membership Revoked
Oslo, Norway
 
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greenroomhoo View Post
thanks - how easy is it to customize things in Amibroker...like simple bar patterns etc.?

It should be pretty straightforward, but I'm not the one to ask. I haven't used it in a few years, but there are several active users on ET.

I suggest you download the free trial and play with it...

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  #13 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: Ensign, Multicharts
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greenroomhoo View Post
i dont know if it is an issue in the others or not or if it is just MC specific.

You don't know ...... ???

This is of vital importance!

Perhaps what you want is with the current state of computers and software not possible
with other programs as well.

How can you post something like you did and not knowing if it's a fault or perhaps a bad designed
software routine and not a general windows 32 bit problem?

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  #14 (permalink)
Site Administrator
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greenroomhoo View Post
Ok - no it is not a scam but MC does not make it clear that memory constraints will impact (IN my opinion - SEVERELY) your ability to backtest. If i had truly understood that issue, i would not have bought it.

I've backtested on years and years of tick data, and never once ran into a memory problem.


Quoting 
Ill change the title of thread to something like: "My negative review of MC" or something like that if you like - but i dont know how.

Go to post #1, click edit. Click 'advanced', then change the title.

Mike

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  #15 (permalink)
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greenroomhoo View Post
i dont know if it is an issue in the others or not or if it is just MC specific.

32-bit application memory limits are not limited to just MultiCharts. The real issue is that in recent years, the typical retail user is now dealing with more data than ever before. Longer testing periods. More complicated indicators. All of these take more and more memory.

Platform companies are just now catching up and using 64-bit code. But it isn't as simple as just pressing the 64-bit button. NinjaTrader for example has had 64-bit for a while now with NT7. But it is a painful process for some, depending on who your broker is, and if you had purchased third party indicators and how those indicators were distributed. You may not have been able to use NT7 even though they have a x64 version.

64-bit is the way of the future, there is no doubt, but honestly it isn't as simple as it sounds to make it work. It wasn't until Windows 7 that a x64 OS really became mainstream, so the software developers are just now feeling the pressure from their users to catch up in this area.

Not to get too far off topic, but I think a whole new approach to backtest is really needed. 64 bit, more memory, etc isn't the answer. We need some innovation in this area to advance the industry.

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.

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  #16 (permalink)
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sorry but have to disagree. I did not state that portfolio testing worked in Sierra or other applications just that I had problems with it in multicharts. I wrote this thread so others considering the platform could see my experiences so that they might try that aspect out to see if it works for them.




ehlaban View Post
You don't know ...... ???

This is of vital importance!

Perhaps what you want is with the current state of computers and software not possible
with other programs as well.

How can you post something like you did and not knowing if it's a fault or perhaps a bad designed
software routine and not a general windows 32 bit problem?


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  #17 (permalink)
Elite Member
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Futures Experience: Intermediate
Platform: Ninja, MC, Sierra, Amibroker
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greenroomhoo's Avatar
 
Posts: 276 since Jun 2011
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i guess maybe it is the only option then and my beef lies elsewhere.



vegasfoster View Post
I've never tried the backtesting in MC, but I don't believe NT or SC do portfolio backtesting at all, so it seems to me it would still be the best (only?) option regardless of the limitations.


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  #18 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: Ensign, Multicharts
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greenroomhoo View Post
sorry but have to disagree. I did not state that portfolio testing worked in Sierra or other applications just that I had problems with it in multicharts. I wrote this thread so others considering the platform could see my experiences so that they might try that aspect out to see if it works for them.

You can't disagree because i merely asked a question and did not state that you said it worked in other programs.

It seems that
- you bought a car because you want to drive 300 mph and the car only goes to 150 mph
- or you bought a car because you wanted to fly but didn't know with the current state in car techniques
cars can't fly

In both cases, as i personally see it, the fault is all yours. There are always limits on things being it cars
or software programs.

It is also my personal opinion that you didn't just wanted to make a remark about a program or high lite a bug
but wanted to be negative and burn it down.

But just like you and others i just post my personal opinion and could be completely wrong.

Oh and i don't use MC myself.

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  #19 (permalink)
Elite Member
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Futures Experience: Intermediate
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except this car advertised it could go 300 mph....and i am only trying to drive it 200




MultiCharts





ehlaban View Post
You can't disagree because i merely asked a question and did not state that you said it worked in other programs.

It seems that
- you bought a car because you want to drive 300 mph and the car only goes to 150 mph
- or you bought a car because you wanted to fly but didn't know with the current state in car techniques
cars can't fly

In both cases, as i personally see it, the fault is all yours. There are always limits on things being it cars
or software programs.

It is also my personal opinion that you didn't just wanted to make a remark about a program or high lite a bug
but wanted to be negative and burn it down.

But just like you and others i just post my personal opinion and could be completely wrong.


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  #20 (permalink)
Elite Member
annapolis USA
 
Futures Experience: Intermediate
Platform: Ninja, MC, Sierra, Amibroker
Broker/Data: PFG (too bad), IB, Fidelity, AMP
Favorite Futures: ES, NQ, Equities, Forex, Etc.
 
greenroomhoo's Avatar
 
Posts: 276 since Jun 2011
Thanks: 107 given, 225 received


Well that is your opinion but you will note i have already changed the title of this thread and changed my first response to soften my harshness. But to be clear, if i had read this thread before buying, i would have done additional testing on the platform during my trial and likely not purchased it. Rather i would have waited.

Whether or not the "fault is all mine", I am trying to point out what I perceive as flaws for others considering the software.

My motivation for writing this thread is also not relevant. If you are considering the software, create a portfolio with 300 symbols, apply a moderately complex strategy, and backtest it over 2 years on a daily chart. See how many times you can backtest before you start getting erros. Then try to optimize that strategy and see what happens.

If you are happy with multicharts then disregard and move on.



ehlaban View Post
You can't disagree because i merely asked a question and did not state that you said it worked in other programs.

It seems that
- you bought a car because you want to drive 300 mph and the car only goes to 150 mph
- or you bought a car because you wanted to fly but didn't know with the current state in car techniques
cars can't fly

In both cases, as i personally see it, the fault is all yours. There are always limits on things being it cars
or software programs.

It is also my personal opinion that you didn't just wanted to make a remark about a program or high lite a bug
but wanted to be negative and burn it down.

But just like you and others i just post my personal opinion and could be completely wrong.

Oh and i don't use MC myself.


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