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

  #531 (permalink)
 Vendor: www.multicharts.com 
Columbus, Ohio, US
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: Multiple/Multiple
Favorite Futures: ES, EUR/USD
 
MultiCharts's Avatar
 
Posts: 168 since Oct 2010
Thanks: 74 given, 170 received


Big Mike View Post
Until MultiCharts adds dictionary support for Zen Fire/Rithmic, you have to just do it manually. Be sure to voice your concerns to MultiCharts --- go to their project management site, MultiCharts Project Management and tell them you really need a symbol dictionary for Rithmic.

Having a Symbol Lookup available depends on the API - whether it allows Symbol Search requests or not. It is not practical for us to compile a list of symbols and hardcode it into the program for a couple of reasons, but the main reason is that symbol settings may change overnight - and then the symbols are no longer working. People will come to us and ask WHY, and then we have to look for it, fix it, and release another build. Releasing new builds is not only a hassle - it's problematic to the users.

The users however can provide a good solution, because of the sheer number of people that use Rithmic. I suggest creating a WIKI style text file, where users add symbols that they know of - this text file can then be downloaded and imported into your QuoteManager. The CSV text file needs to contain the Data Source, Symbol Name, Exchange, and Category columns. Then you can simply import it into the QM by going to File > Import Symbol List.

Also, people can "give" someone their QuoteManager (until we add an official Export All Settings ability), by copying the databases folder. It will share all data in your database, and your QuoteManager settings. The folder is located here -
VISTA and Windows 7
C:\ProgramData\TS Support\MultiCharts\DataBases

XP
%allusersprofile%\Application Data\TS Support\MltiCharts\Databases\

You can copy the databases across same versions, and later versions of MC, for the most part, are compatible with earlier databases, however earlier versions of MC, for the most part, will not work with databases from later versions.

MultiCharts - Raising the Trading Standard.
Please send me a private message if you have any further questions about MultiCharts
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  #532 (permalink)
Breathe the body deep.
California
 
Futures Experience: Intermediate
Platform: FxTrade/Ninjatrader
Broker/Data: Oanda/MBT
Favorite Futures: Eur/Usd
 
Trankuility's Avatar
 
Posts: 269 since Jan 2011
Thanks: 54 given, 151 received

Few questions for you multicharts people...

1- If I put in a trade at a size of 10000 is there a way to set a Profit Target for 5000? Or must I open two contracts, 5000 each and then exit one at the desired PT? I'm used to Oanda where this is pretty straight forward but not sure if the same applies with MBT and MC.

2- Is there a news study that comes with MCDT? Something similar to the JTecon indicator in NT7. I looked in the studies and nothing stood out as a news study but figured it might be named something funny.

3- Is there a way to make your draw object appear across all charts of the same instrument? I'd like to draw a line on one chart and have it appear in the same place on all other open charts of the same instrument.

 
  #533 (permalink)
Elite Member
The Moon
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ZF
 
Chipmunk's Avatar
 
Posts: 44 since Jun 2010
Thanks: 91 given, 17 received


Hello, does MC have volume breakdown indicator?

 
  #534 (permalink)
Elite Member
Cairns Australia
 
Futures Experience: Beginner
Platform: MC,NT7
Broker/Data: Dukascopy
Favorite Futures: FX
 
Posts: 51 since Dec 2009
Thanks: 96 given, 9 received

backtest reality check

I've just finished reading this entire thread and would like to get clear on how the NT backtest misleads. I understand the MC bar magnifier for sequencing of PT and SL within the same bar, but with say a SL in a bar by itself, and the NT backtest shows the trade to execute on the wick of the bar, is this "not real" because with COBC the price would no longer be at the trigger point at bar close?
I know all NT backtests run on COBC, would running the tested strategy live with COBC=False bring it closer to reality?
Can the indicators be made to stay in COBC while the PT and SL execute intrabar while running NT live (like MC IOG)?
Is NT doing anything else to give backtests a "best case scenario"?
I wish I would have found this thread sooner......

 
  #535 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


Stem1 View Post
I've just finished reading this entire thread and would like to get clear on how the NT backtest misleads. I understand the MC bar magnifier for sequencing of PT and SL within the same bar, but with say a SL in a bar by itself, and the NT backtest shows the trade to execute on the wick of the bar, is this "not real" because with COBC the price would no longer be at the trigger point at bar close?
I know all NT backtests run on COBC, would running the tested strategy live with COBC=False bring it closer to reality?
Can the indicators be made to stay in COBC while the PT and SL execute intrabar while running NT live (like MC IOG)?
Is NT doing anything else to give backtests a "best case scenario"?
I wish I would have found this thread sooner......

Hi Stem,

I don't have experience with MultiCharts, so I can't answer your question (other members will undoubtedly pick that up), but here is a great discussion about the backtesting issues of MultiCharts versus NinjaTrader, in case you didn't already saw that thread.

Regards,

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  #536 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


Chipmunk View Post
Hello, does MC have volume breakdown indicator?

Can you be more specific? Are you talking about bid/ask depth indicator?

Attached are ones with 'V' as first letter...

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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.

 
  #537 (permalink)
Elite Member
Dartmouth NS
 
Futures Experience: Intermediate
Platform: MC, MC.Net, NT, TWS
Broker/Data: IB / IQFeed / Kids
Favorite Futures: Forex, stocks
 
bnichols's Avatar
 
Posts: 638 since Feb 2010
Thanks: 64 given, 459 received


Stem1 View Post
I've just finished reading this entire thread and would like to get clear on how the NT backtest misleads. I understand the MC bar magnifier for sequencing of PT and SL within the same bar, but with say a SL in a bar by itself, and the NT backtest shows the trade to execute on the wick of the bar, is this "not real" because with COBC the price would no longer be at the trigger point at bar close?
I know all NT backtests run on COBC, would running the tested strategy live with COBC=False bring it closer to reality?
Can the indicators be made to stay in COBC while the PT and SL execute intrabar while running NT live (like MC IOG)?
Is NT doing anything else to give backtests a "best case scenario"?
I wish I would have found this thread sooner......

I pretty much decided to test MC after reading Mike's comments on this topic on his blog. One of the reasons I autotrade a 4 hour bar is it tends to filter out NT's backtest shortcomings (as well as currency spot market noise). I don't know what NT has in the pipeline but use NT backtesting only to get a strategy into the ballpark and then switch to forward testing almost exclusively--which given the 4 hour bar and account sync issues requires a lot of patience

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  #538 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


bnichols View Post
I pretty much decided to test MC after reading Mike's comments on this topic on his blog. One of the reasons I autotrade a 4 hour bar is it tends to filter out NT's backtest shortcomings (as well as currency spot market noise). I don't know what NT has in the pipeline but use NT backtesting only to get a strategy into the ballpark and then switch to forward testing almost exclusively--which given the 4 hour bar and account sync issues requires a lot of patience

Be sure and give us your review at some point

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.

 
  #539 (permalink)
Elite Member
The Moon
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ZF
 
Chipmunk's Avatar
 
Posts: 44 since Jun 2010
Thanks: 91 given, 17 received

Hey Mike,

I mean volume indicator like this one in IRT:

https://www.linnsoft.com/tour/techind/vb.htm

 
  #540 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received



Chipmunk View Post
Hey Mike,

I mean volume indicator like this one in IRT:

https://www.linnsoft.com/tour/techind/vb.htm

I don't use these so take my answer with a grain of salt, but yes MC has it although the bid/ask is not persistent.

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:

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