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MultiCharts, MultiCharts, MultiCharts...
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MultiCharts, MultiCharts, MultiCharts...

  #101 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


neriusb View Post
I'm also testing Multicharts (v. 5.5, 30days trial) and like it's speed and reliability. The most missing feature for me is chart trading. Maybe someone knows if they implemented (or plan to implement) this feature in MC 6 (or 7) ? Or maybe there is some thirt-party workaround/add-on to use chart trading using MC and IB ?

MC 7.0 will have discretionary trading and a DOM. As mentioned earlier in this thread, MC 6 does not. MC 7 is due out in a few months (another nice thing about MC, they do several releases a year on a consistent basis).

Someone wrote an EasyLanguage add-on that lets you trade from the chart. I have not tried it, but others seem to say it got the job done. For this moment, I am using NT DOM and only a DOM (nothing else, to prevent crashing) next to a MC chart.

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.

 
  #102 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

As a professional C# developer, NT's C# support and integration into the .NET framework was my initial draw to NT. I like how I have the entire toolset of .NET at my trading fingertips to, say
  1. log data to an external SQL Server database via ADO.NET for data warehousing and multi-dimensional analysis
  2. scrape data off of the internet and incorporate, say, news feeds into my strategies
  3. posting my entries and exits to Twitter
  4. extensive file and IO support
  5. publishing signals to an RSS feed that I can follow on my iPhone
  6. other more creative things I have not yet dreamed of
I'm not sure how well EL can handle these things, though as a former, light user of Tradestation I know it does have some file support. But with NT my strategies and indicators can do anything any .NET program I write for Windows can do. BTW, a friend of mine that interviewed for a QA job at TraseStation said they are working on C#/.NET support in a future release.

As for NT7, I have been hearing people's gripes but not yet experienced them as I am not an NT7 beta user, but I just recently got on their list for the next beta release. As for 6.5, I have never had NT crash, and only had the database corrupt on me once, which I was able to fix just fine. I also reboot my machine daily, as I find it runs more stably with a fresh reboot. If you're running strats 24x7 you should just run them 24x5 and reboot over the weekends. I recognize that I probably don't trade nor backtest as frequently as some of these other users that are crashing so often, but that's just my experience. I trade for 1-2 hours in the morning and sometimes leave my 2-3 yr old quad core Dell on overnight if I want to look for some FX setups while I'm sleeping. It is running on Windows Vista Ultimate with 3GB of RAM. Most of my research, strategy and indicator development I do on my relatively new laptop which has also been working fine (using NT6.5)

I also share the concern as to how long NT7 has taken. I think their software development management is poor. They should have never tried to swallow so many features and drastically large architectural changes in the same release. I think many of us would have been happy with a NT6.5 release with the improved database support as NT7, then all of the other improvements could have been added as NT7 point releases. This more agile approach improves the quality of the product and keeps customers happy getting the small improvements they want all the while and going for large architectural changes only every 1-2 years.

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  #103 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 342 given, 1,077 received



shodson View Post
I'm not sure how well EL can handle these things, though as a former, light user of Tradestation I know it does have some file support. But with NT my strategies and indicators can do anything any .NET program I write for Windows can do.

Multicharts supports the DLL interface from easylanguage, so you should be able to call out to a C++ based DLL to do whatever you want. I would not categorize it as easy to do, but I have done it in Tradestation and once you find and understand the doc it works just fine.

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  #104 (permalink)
Elite Member
Kaunas, Lithuania
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB/IQFeed
Favorite Futures: Stocks, Futures
 
neriusb's Avatar
 
Posts: 15 since Dec 2009
Thanks: 16 given, 12 received

A little off-topic and it's just my opinion, but as old-fashioned MCU programmer ;-) , I think, that some critical applications should still not be written in .NET or JAVA .

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  #105 (permalink)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 33 given, 281 received


neriusb View Post
A little off-topic and it's just my opinion, but as old-fashioned MCU programmer ;-) , I think, that some critical applications should still not be written in .NET or JAVA .

... and don't get me started about the laziness that visual text editors encourage. That's why I'm making my own platform, in machine language, by manually flipping bits on my hard drive with a magnet.

(I'll probably still finish before NT7 comes out)

 
  #106 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received


Richard View Post
... and don't get me started about the laziness that visual text editors encourage. That's why I'm making my own platform, in machine language, by manually flipping bits on my hard drive with a magnet.

(I'll probably still finish before NT7 comes out)

Oh man, you don't get me started on the "IDEs are evil/productive" topic... I'll restrain myself here. I call you out over at Slashdot

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  #107 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


Zoethecus View Post
Does this mean backtest resluts using renko and range bars are accurate with MC?


Big Mike View Post
Good question. I don't think range bars are in question on either platform, but Renko obviously doesn't work in NT. Even the built-in Renko in NT7 doesn't work.

I'll add it to my list to check. I don't use Renko personally.

Mike

Zoe,

I wrote this simple strategy:

 
Code
                            
if Close Close[1then Buy 1 Contract Next Bar At Open;
if 
Close Close[1then Sellshort 1 Contract Next Bar At Open
I tested it in MultiCharts on a 6-tick Renko chart on CL for 3-days.

To keep things simple, let's just look at today. This is CL for today in MultiCharts:

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Now let's zoom in a bit so we can look at a few specific trades and bars.

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Compare that to NinjaTrader, what does yours look like (again -- regular Renko).

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.

 
  #108 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Zoe,

More on the renko test. Below is a slow motion replay via MultiCharts for today.

I am showing in total it took 60 trades and made $1395 after commission and slippage. As I replay the results, it seems to be working as expected. But, I don't have much experience with Renko charts so take a close look and give me your thoughts.

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A similar comparison "head-to-head" of same strategy in NinjaTrader would be useful to, if you are willing.

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.

The following user says Thank You to Big Mike for this post:
 
  #109 (permalink)
Elite Member
Atlanta, Georgia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: DDT
Favorite Futures: ZN, ZB
 
cbritton's Avatar
 
Posts: 224 since Mar 2010
Thanks: 152 given, 237 received

Dumb question - where can I get the regular renko for NT?

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
 
  #110 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received



cbritton View Post
Dumb question - where can I get the regular renko for NT?

Regards,
-C

It is part of NT7.

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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