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Good resource for easylanguage coding in strategies (trailing stops/ b/e etc.)
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Good resource for easylanguage coding in strategies (trailing stops/ b/e etc.)

  #1 (permalink)
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Good resource for easylanguage coding in strategies (trailing stops/ b/e etc.)

Ok - have a strat that i ran on the S&P 500 going back as far as i can (2000) in MC portfolio backtesting. I know its not much to brag about, but it hits a 2% target before a 5% stop 75% of the time and is profitable even on that simple basis accross 5500 trades.

My own logic tells me that I should be able to improve results with more sophisticated money management, but my coding that stuff (trailing stops, moving stops to b/e, etc.) is just plain BAD. My prior attempts have led to strategies that are just ugly and probably did not work correctly.

Anyone have a resource they recommend? I used to be able to get really good easy language help in the tradestation forums, but the MC forums are just not as deep.
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Last edited by greenroomhoo; January 30th, 2012 at 07:42 PM.
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  #2 (permalink)
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  #3 (permalink)
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same boat


I'm about 2 weeks into my free trial and have zero experience with easy/power language....
you might be beyond this already, but here are some free things i've found...

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Last edited by program; January 30th, 2012 at 10:39 PM.
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scarecrow - you are the man...THANKS

i also found this and am trying to work it into my strat:

A Flexible Trailing Stop Function for Tradestation

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Another one in the boat here..

I'm also considering to switch to Multicharts from NT, and have downloaded the trial version two days ago.
I think that the book "Tradestation Made Easy" by Sunny J Harris should be good, based on some reviews. I haven't found it as pdf though, and haven't read it myself yet.

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dkallback View Post
I'm also considering to switch to Multicharts from NT, and have downloaded the trial version two days ago.
I think that the book "Tradestation Made Easy" by Sunny J Harris should be good, based on some reviews. I haven't found it as pdf though, and haven't read it myself yet.

There are quite a few threads here on the benefits & tradeoffs of MultiCharts vs. NinjaTrader so I won't repeat them here, but my .02 (for what it's worth):
  • Even if you're a programmer/IT architect by profession (I've been one for 25+ years, FWIW), if the goal is to spend more time TRADING vs. CODING the latest strategy, then MC7 may be a better choice. Indicator or strategy code in EasyLanguage tends to be a lot "easier" (i.e. shorter) to write & understand than slinging C# OO code, that while I'm capable of, distracts me from what I'm trying to learn which is TRADING.
  • Most strategies developed for NT7 can be (or have already been) ported to MC7; there are definitely a few gaps in the current MultiCharts platform compared to NinjaTrader (no OnMarketUpdate() method, EasyLanguage quirks like no "return" statement, etc.) but I've noticed that MultiCharts is not as resource-intensive compared to NinjaTrader (granted bad indicator/strategy code is still bad code regardless of platform).
  • I bought a copy of "Tradestation Made Easy" and would give it an 8/10 - nothing beats just sitting down and trying to just code whatever it is you're trying to do. PRACTICE PRACTICE PRACTICE - there is NO "easy road" (granted, not just in trading, but it definitely applies to trading ).

If you haven't tried NinjaTrader yet, it's definitely worth reviewing. I may ultimately buy a NT7 license at some point; I decided initially to buy a lifetime MultiCharts license after reviewing both for over a year and waiting for the quirks with the "7" version of each to be mostly worked out. Both platforms are great (and the code/userbase is considerably larger for NT), but I'm glad I went the route I did with MultiCharts (especially given how responsive the MC deveopment/sales team has been).

-Guy

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i might add that a non programmer like me in a very very very short time can get basic stuff to show up on Multicharts - I love that about it.

That said the wealth of stuff already built for ninja by more saavy experienced folks is immense. Then of course Sierra is inexpensive for market structure and delta....

So i have all three running. I look at the lifetime licenses as an investment in the business and time learning each platform just another investment.

I wish sierra had a lifetime also. that link i posted earlier on trailing stops resolved my strategy coding issues and is pretty neat stuff in its own right.


Last edited by greenroomhoo; February 1st, 2012 at 02:10 PM. Reason: more to say
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  #8 (permalink)
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greenroomhoo View Post
scarecrow - you are the man...THANKS

i also found this and am trying to work it into my strat:

A Flexible Trailing Stop Function for Tradestation

No problem, and thank you too...
I'll keep an eye on this thread whereas i can use all the help i can get
I'll try and post any good things i can find, rules permitting.

p.s. @greenroomhoo is your strategy a modified Perry method?

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no. its a momentum trigger combined with bettervolume climax up for longs. it hits 2 % 82% of the time so I assume (correctly or incorrectly) that using correct trade management it will be successful. i am not trying to auto trade just use in discretionary swing trading.

I also am trying to do the same with simple three and four bar reversals.

Now that i can portfolio test I am finally attacking these things. What i am finding though is that I probably should just be using amibroker since it is seeming even faster than mc.

I am hesitant try to add another platform to my "portfolio" of platforms.




program View Post
No problem, and thank you too...
I'll keep an eye on this thread whereas i can use all the help i can get
I'll try and post any good things i can find, rules permitting.

p.s. @greenroomhoo is your strategy a modified Perry method?


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My travelled road is metastock TS2000i (pirate copy) Bullcharts amibroker NT and now multicharts. I have to say that for writing strategies , MC is by far the best.
Neil.

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