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

  #151 (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
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GentleTrader View Post
Do you know if next Multicharts version (6.0) will have a DOM ?

The current gold/final release is 5.5. The current beta is 6.0 beta 2, which I think everyone is pretty widely using as it has no "major" bugs. It's been out since January, the final MC 6 should be very very soon.

Version 7 is where they've stated discretionary trading (DOM, etc) will be added. Based on their prior release schedule and what I've been told/read, I would put a beta of 7 at the end of Q2 this year (June).

Mike

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  #152 (permalink)
Membership Revoked
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Big Mike View Post
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.

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

Mike

Mike please post the code in its entirety.

 
  #153 (permalink)
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Zoethecus View Post
Mike please post the code in its entirety.

That is the entire code

BTW, remember later in this read it was discovered MC suffers from the same problem as NT.

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.
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  #154 (permalink)
Membership Revoked
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Big Mike View Post
That is the entire code

BTW, remember later in this read it was discovered MC suffers from the same problem as NT.

Mike

Actually, I don't remember. Can you post the link?

 
  #155 (permalink)
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Zoethecus View Post
Actually, I don't remember. Can you post the link?

Well, in this thread look at post 116, 118, 119, 129, and 130. I think they all relate to this but haven't had time to study Ranger's workaround.

I can't find the post where I confirmed MC has the same Renko problem, sorry. But, I have confirmed it. The replay shot I posted looks like it works, but in real life it does not.

I think Ranger has the right idea, you can easily do global variables in EL so your Renko strategy can just fire a signal to your tick-based strategy, and that tick based strategy is what actually enters/exits the market, so you can still backtest using renko charts and also have confidence in their result. The same could be done in NT naturally using a MTF strategy.

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.
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6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #156 (permalink)
Site Administrator
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Richard from MoveTheMarkets did a nice video today using MultiCharts. I think it may come as a surprise to many NT users just how quick and responsive MC is compared to NT...



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.

 
  #157 (permalink)
Trading Apprentice
Port St Lucie, FL
 
Futures Experience: Intermediate
Platform: Tradestation, MultiCharts
Broker/Data: TradeStation/Open e-cry
Favorite Futures: ES
 
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Posts: 46 since Jan 2010
Thanks: 9 given, 43 received

ZOE/BM

Followed your traffic and I wanted to provide you with the 3LBC ADE functions and debugging indicators(saver/loaders) & the signal; You can apply same to your RENKO charts for test.

For the entry signal, it's currently configured to take the trade in the opposite direction. I wanted to see the difference taking the reverse route, so you readily change the buy/sellshort direction in the signal.

A couple of notes: MC engineer ALEX modified the ADE function ADE.TypeZeroBarID_s because I was getting false permissives in the debugging indicators. After additional review, I added a couple of more zeros to the delimiter and got it to clear all the false permissives(see the notes in function comments).

When I exported this function in the attached file; it collected a bunch of related ADE functions. If you import this file; it may OVERWRITE your existing functions, so if that's an issue for you, then beware(I don't see an issue myself) - for the strategy to fire properly the modified ADE.TypeZeroBarID_s function is necessary.

As a debugging feature, I added the "once print" command so you can readily check in the output screen that your symbol; interval etc are properly sequenced.

/////

I'm working on a really hot strategy using the 5pt chart but I can't get ADE to function properly during debugging. Still learning this stuff too ....

{ BM - for clarification; the backtesting(performance results) are based on the Tick chart(Destination). Signal permissives GoLong/GoShort are generated by the !_Saver which is applied to the Renko. The !_Loader(Signal and debug indicator) logs the permissive state and is applied Tick chart. When permissive is met and the other conditions of your entry signal the order is made via Tick Chart}




RANGER

Attached Thumbnails
MultiCharts, MultiCharts, MultiCharts...-debugscreen.jpg   MultiCharts, MultiCharts, MultiCharts...-indicatorsetup.jpg   MultiCharts, MultiCharts, MultiCharts...-signalsetup.jpg  
Attached Files
Register to download File Type: pla 3LBC.pla (81.1 KB, 77 views)

Last edited by Ranger; April 2nd, 2010 at 12:33 PM. Reason: comments about RENKO
The following 2 users say Thank You to Ranger for this post:
 
  #158 (permalink)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
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Posts: 154 since Jun 2009
Thanks: 33 given, 281 received


Big Mike View Post
I think Ranger has the right idea, you can easily do global variables in EL so your Renko strategy can just fire a signal to your tick-based strategy, and that tick based strategy is what actually enters/exits the market, so you can still backtest using renko charts and also have confidence in their result. The same could be done in NT naturally using a MTF strategy.

It seems to me that it's easier to put a renko chart as Data2, and have the strategy key off Data2?

 
Code
if(Close[0] Data2 > Close[1] Data2) then buy next bar at open;
if(Close[0] Data2 < Close[1] Data2) then sell short next bar at open;
It appears you can make the trade points more and more exact by using faster bars for Data1 (up to 1tick bars I guess would be ideal). Though maybe you can get the same effect through IntrabarOrderGeneration, also.

Attached Thumbnails
MultiCharts, MultiCharts, MultiCharts...-renkostrat1.png  
 
  #159 (permalink)
Trading Apprentice
Port St Lucie, FL
 
Futures Experience: Intermediate
Platform: Tradestation, MultiCharts
Broker/Data: TradeStation/Open e-cry
Favorite Futures: ES
 
Ranger's Avatar
 
Posts: 46 since Jan 2010
Thanks: 9 given, 43 received

Agreed - for that particular strategy using multidata is easier.

I'm converting common indicators into global variables and taking only their outputs to be used in signals. Doing this, I can keep the code simple in my entry signals and for debugging.

For example; TTM Scalper has about 100 lines of code but all I need from it is the condition of the TTM Scalper bar.

 
  #160 (permalink)
Trading Apprentice
vienna
 
Futures Experience: Master
Platform: MultiCharts
Favorite Futures: NQ
 
Posts: 22 since Aug 2009
Thanks: 0 given, 37 received


Many Thanks Ranger for posting your save and load_global_data functions. It saved me big time in rewriting some ADE functions.


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