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MultiCharts, MultiCharts, MultiCharts...

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  #31 (permalink)
 
 
Posts: 1,176 since Nov 2009

Big Mike,

You might want to take a look at the following.. it seems as it would be similar function, it is code from an user...

TS SUPPORT :: View topic - ChartTrader by gregorio=

l8r
sysot1t


 
 
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  #32 (permalink)
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


Silvester17 View Post
ps. if Richard would finally accept an executive position at ninja, we would have a perfect charting and trading platform. what is he waiting for?

An offer he can't refuse. Don't hold your breath. NT can't afford a guy like him.

 
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  #33 (permalink)
New Brunswick, NJ
 
Experience: Intermediate
Platform: N/A
Trading: N/A
 
Posts: 133 since Jun 2009
Thanks: 46 given, 155 received



Big Mike View Post
More I just remembered:

It seems the MC engineers are actually good programmers. Look at their prior release schedules:



OMG it's truly amazing. If you are as crazy or obsessed about software/engineering as me, then it almost gives you a naughty feeling just looking at that.

In less than 2 years, they've release 3 major upgrades and several minor ones. Hell, NT7 was promised two years ago and it still isn't out!

Someone else mentioned lack of community and momentum for Neoticker and I think that is a genuine concern. The MC forums pretty much suck, very disorganized and no easy way to share stuff (unlike here on futures.io (formerly BMT) ), but there is a huge community already out there of EasyLanguage indicators.

And as for momentum, all you have to do is look at the above release schedule, and it's easy to see they've got a lot of momentum.

Mike


Yes, it does look great, until you realize that in each version they break a lot of stuff that worked before and introduce a whole bunch of new issues and they get very, very offended when you complain about it.

They are implementing a lot of things halfway just so that they can list it on their website as a feature and then move on to the next feature. This take them forever then to actually resolve the issues since they are already working on the next feature. This seems they are dedicating most of their resources to implement new features and very little to resolve bugs. For example, this took them forever to get their charting solid and there were many issues with it while they moved on to implement automated execution.

They do have good programmers but no one there have any trading experience and they understand even less what traders really need and want than the guys at NT. And they will argue you to death if you point out a flaw. For example, in the earlier versions, their volume bars were not always constant volume. When for example you use 100 volume bars and a big order of 120 hit, they will plot a 100 volume bar and a 20. Or they will plot 120 at random. Their excuse was that this was done due in order not to overload one's computer. It took a long time and many complains before they cave in and fix it.

I'd be very careful with them. On the surface they look great, but once you start using it, you realize all the cracks in the foundation.

Update: You can read their responses about volume bars here: https://www.multicharts.com/discussion/viewtopic.php?t=5983&postdays=0&postorder=asc&start=0

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  #34 (permalink)
 
 
Posts: 1,176 since Nov 2009


Big Mike View Post
There is extensive support for managing automated entries, which is where MC focuses right now. It also has a very extensive backtesting engine, but I can't really test much without learning the language. It is multi-core/multi-threaded.

There is no chart trader like NT, although it has been mentioned for MC7 ideas.

Mike

you also might want to look at amibroker.. I dont think there is zen-fire support... but DTNIQ/eSginal is supported...

AFL is basically a subset of C, coming from C# should'nt be difficult to pickup fast.. it is a great platform for system development and doing backtesting..

I should mention I only use it for stocks, not futures; and it does have some flaws, but they dont impact me as I use mainly for strategy testing ... and is not like I fully exploit all the options available within the program...

Version Info
AmiBroker DevLog
About AmiBroker Editions

data providers
How to get quotes from various markets

community
amibroker : AmiBroker User's List
AmiBroker Users’ Knowledge Base Table Of Contents

 
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  #35 (permalink)
New Brunswick, NJ
 
Experience: Intermediate
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Posts: 133 since Jun 2009
Thanks: 46 given, 155 received


sam028 View Post
Good point:
-------
NinjaTrader Support Forum Statistics:
Threads: 25,406, Posts: 143,664, Members: 18,202
-------
MultiCharts forum statistics (a phpBB forum ):
Our users have posted a total of 24166 articles
We have 922 registered users
-------

Ok, maybe it's because MC is rock solid, no bugs, no crash, only happy customers .
There is maybe a large EasyLangage community, but I didn't find it...
Another aspect, not sure because I'm an IT guy, but I found EasyLangage strange, and didn't like it.
I didn't like few other things in it, but maybe because I use NT for a long time, and habits are hard to change.

But it's clear that this is a very well made piece of software, and I'll take a deeper look at it the day I'll be tired to wait for a stable NT7 (NT7 which is good for sim only, or backtests, but absolutly not ready for trading with cash, and nobody know when it will be).

The lack of users on their forum is because if you point out too many issues, they call you and ask to stop since they are losing revenue due to prospective cutomers seeing all the issues and if you don't, they refund your money and kick you off the forum.

They also do not hesitate to get into personal flame wars with customers and call them incompetent: https://www.multicharts.com/discussion/viewtopic.php?t=5741

 
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  #36 (permalink)
Omaha, NE
 
 
Posts: 46 since Nov 2009
Thanks: 15 given, 25 received


Zoethecus View Post
So people are getting MC for free? Is that your point?

This has nothing to do with cracking custom coded strategies or indicators which is what I am interested in.

My misunderstanding... as far as the DRM for the actual code protection of strategies... i'm not familiar with it other than I thought it was the same as TradeStation as far as locking the code... don't know how it is actually encoded however.

 
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  #37 (permalink)
Panama!
 
 
Posts: 44 since Jun 2009
Thanks: 1 given, 24 received

after using a demo a bit, it is extreeeeeeeeeeeemly fast at optimizing versus TS. i optimized a strat in MC which took 3m45s and same strat in TS took 14min 15sec.

thats amazing. i am 3.2ghz 64bit quad core 4g ram

other nice thing is it can optimize and manage a portfolio for you, TS cant.

huge drawback is you cant place orders from MC, aparently you can automate IB (but they suck) or thru zenfire. ironicly cant thru TS and you still cant place descretionary orders regardless of who you use

which imo makes MC totally useless.

 
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  #38 (permalink)
UK
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 19 since Jun 2009
Thanks: 8 given, 7 received

GentleTrader mentioned MarketDelta earlier in this thread and I was also wondering if any here had either direct experience, or indirect experience of using it?

I've seen it recommened before, and have only looked at it briefly, so would be interested to know what experiences people have had with it.

Cheers,

MDM

 
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  #39 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,037 since Jun 2009
Thanks: 31,652 given, 94,894 received

MDM, I suggest creating a new thread about Market Delta so this one can focus on MultiCharts. I've not used it, but I know several here have.

Mike

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  #40 (permalink)
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Lots of good posts and info, thanks guys! Some of it scary... But most of it good.

I'm still working to port over my indicators -- futures.io (formerly BMT) CollectiveMA, futures.io (formerly BMT) Envelope Expansion Fib Bands, my PaintBar's, and my custom versions of the CMI DayOHLC and Weekly pivots. It will only be after this that I can use the platform as I would like to, so we'll see where it takes me.

I will post the EasyLanguage code for the above after I get it converted (for Elite members).

Mike

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