MultiCharts, MultiCharts, MultiCharts... - MultiCharts | futures io social day trading
futures io futures trading


MultiCharts, MultiCharts, MultiCharts...
Updated: Views / Replies:201,472 / 827
Created: by Big Mike Attachments:71

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 71  
 
Thread Tools Search this Thread
 

MultiCharts, MultiCharts, MultiCharts...

  #611 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,573 given, 3,982 received


zury View Post
This is a question for Multichart representatives:

I ve been trying to use this setup:
1) ZEN FIRE data feed (NOT brokerage, just data source) - to feed my chart of Russel 2000 Mini
2) IB TWS connection (as brokerage platform receiving orders from MCDT)
3) MC chart trader for sending orders to IB and visualizing orders over the chart

My goal is to use quality data feed (IQFeed, Zen-Fire, etc.) just for charting, MC discretionary (chart) trader as a front-end (sending orders to brokers platform) and I want the orders visualized on the chart by MC.

But I cant make this happen. When the data source (ZenFire) is different from brokers feed (IB), creating an order doesnt do anything at all.

Is this even possible to achieve? Or am I doing something wrong? Am I wanting too much? Do you understand my question? :-D

Thanks for your time

Petr

You can connect IB and ZF on the same MCDT, watch the ZF chart, and send orders on the IB DOM/Chart.
Symbols are different, so you have to select the right ones for both.

Success requires no deodorant! (Sun Tzu)
 
  #612 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

I just downloaded two EL guides I found on the forum here. They are in relation to TS. As I understand it, EL for MC is different. Is there such a guide for MC EL, or are these TS ones worthy of the time investment? Thanks much.

 
  #613 (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



TonyB View Post
I just downloaded two EL guides I found on the forum here. They are in relation to TS. As I understand it, EL for MC is different. Is there such a guide for MC EL, or are these TS ones worthy of the time investment? Thanks much.

95% of TS EL works in MC. MC has their own commands for some things providing functionality that wasn't possible with TS8. I just use the built-in help to find functions.

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:
 
  #614 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

Good to hear. I have plenty of reading to do. With 2 cross county flights in the next few weeks, and one to India in May, I'll have the time...

 
  #615 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Advanced
Platform: Custom
Broker/Data: TS / IB / IQFeed
Favorite Futures: Anything that moves (CL, FDAX, Stocks)
 
zury's Avatar
 
Posts: 36 since Nov 2010
Thanks: 12 given, 8 received


sam028 View Post
You can connect IB and ZF on the same MCDT, watch the ZF chart, and send orders on the IB DOM/Chart.
Symbols are different, so you have to select the right ones for both.

What you are saying is exactly the setup I used and HERE is my problem:

I have two charts in my workspace:
1) IB data based chart
2) ZF data based chart
I have a MC chart trader and DOM connected to the IB account.

Whenever I make an order (ChTr, DOM), it will display entries and exits (lines for active trades, markers for historical trades) only on the IB chart. But I d like to have this information displayed on the ZF chart as well, since I am making decesions based on ZF data, I dont want to switch to IB chart to see my trade displayed (entry, SL, PT).

So this is the main question, how to merge the two charts somehow.

 
  #616 (permalink)
Elite Member
Toronto
 
Futures Experience: Beginner
Platform: Multicharts, NT, TWS
Broker/Data: IB
Favorite Futures: ES, ZN
 
Posts: 33 since Jun 2010
Thanks: 17 given, 17 received

Multicharts 7 Beta released.

Multicharts 7 Beta is now out and available to download from the multicharts website.

More info:

http://www.multicharts.com/traders-blog/

The following 7 users say Thank You to xevian for this post:
 
  #617 (permalink)
Elite Member
Newcastle, Australia
 
Futures Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker/Data: IB
Favorite Futures: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 177 received


xevian View Post
Multicharts 7 Beta is now out and available to download from the multicharts website.

More info:

MultiCharts Blog

Yes, I've been checking everyday.
I've downloaded and installed it but I'm having some issues.

1st Using the chart trader tool on the right, the drag and drop of the STP icon always gives me a BUY order not a Sell order. I've tried dragging under the current price but no difference. ie current price = 5950. Drag STP order button to 5930.
Confirmation box shows "Buy 1 ZM1 @5,930 Stop Market" Obviously it gets filled straight away because it's a Buy not Sell.
Or am I just having a seniors day with this software??

2nd Issue is I connect right click on the chart and select a Sell stop order as per NinjaTrader.
The above link says I can???

3rd The colors of the printed chart still look crap. How do I change them???

Neil.


Last edited by NW27; April 5th, 2011 at 05:31 AM.
 
  #618 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Advanced
Platform: Custom
Broker/Data: TS / IB / IQFeed
Favorite Futures: Anything that moves (CL, FDAX, Stocks)
 
zury's Avatar
 
Posts: 36 since Nov 2010
Thanks: 12 given, 8 received

Is there gonna be a beta of Multicharts Discretionary Trader for free usage as well? I guess this MC7 Beta is paid or trial only (the download is different from MCDT, 12 MB more).

 
  #619 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: Nanotrader/ tradestaion
Broker/Data: WHS / TS
Favorite Futures: EC / SI / ES / BP
 
Posts: 19 since Mar 2011
Thanks: 8 given, 5 received


Big Mike View Post
Well today after NT7 blew up on me again non-stop, I really got fed up and kicked into high gear.

I'm looking at Neoticker as well as MultiCharts. But this thread will be about my experiences with MultiCharts.

First, you can download MultiCharts here:
Trading and Charting Software for FOREX, Stock, Future and Option Markets

I'm running 6.0 beta 2 (the latest available as of this post).

MultiCharts is the same cost as NinjaTrader, at roughly $100/mo or $1500 for a lifetime license.

There are two major differences between MultiCharts 6 and NinjaTrader 7. First, MC does not have a DOM. No manual order entry. It does support automated strategies and executions, but for discretionary traders you'll have to rely on an external platform for order execution. Version 7 of MC should correct this. Second, MC 6 indicators are built on the EasyLanguage platform, whereas NinjaTrader uses C#.

For me, if I do end up switching to MC I will keep NinjaTrader open just for my DOM and minimize everything else, and rely on MC for charting. It's the charting in NT that is causing me so much grief lately. It also means I have to convert a handful of my favorite indicators from C# to EasyLanguage. I've started working on that.

The list of other differences between the two platforms is extremely long, but I have to make a few general observations.

Advantages:
- MC's interface seems very polished when compared to NT's

- MC is incredibly quicker, far far faster than NT. And remember, I have a powerhouse of a system (Core i7 overclocked to 4ghz, 12GB ram, RAID 0 drives w/hardware raid) so this speed improvement with MC is due to better design.

- MC handles multiple dataseries (multiple time frames) with ease. It's second nature. There is nothing to it. IT JUST WORKS. With NT7, it does everything but work.

- MC has its Quote Manager separated from the primary charting application. This means an easy to use "module", if you will, to manage everything to do with quotes/streaming data. It was a breeze to setup IQfeed continuous contracts and to tell MC6 to cache the data locally, as well as to define session templates (trading hours).

Disadvantages:
- My favorite indicators have to be re-written from scratch. C# is far more powerful than EasyLanguage, so the hobbyist in me, the one seeking an automated strategy that trades while I guzzle cocktails on the beach, well he'll be sticking with NT for that development.

- No DOM. Yikes! No more to say. You can't trade with MC alone if you are a discretionary trader. Huge, huge disadvantage. But rumor has it, MC7 will fix that oversight and is only a few months away. The question becomes: will we get a v1.0 DOM, or will we get a v7.0 DOM (how good will it be?). Sure, it isn't a huge inconvenience for existing NT users to just have a DOM-only open and trade MC charts, but for new deployments it would really suck, and besides, I want a better DOM than what NT offers and my hopes are that MC will deliver one.

Tie:
- Community support. MultiCharts can piggy back on the TradeStation community, since the majority of all TradeStation indicators work in MultiCharts without modification. NinjaTrader has an huge community as well though, and while in shear numbers it isn't as large as the EasyLanguage community, the community makes up for size with quality.

I'm just getting started, so I'll post more soon.

Mike

A friend of me is quit happy with Multicharts!

I am using NANOTRADER for normal daytrading
Autoprogram I do with Tradestation
and works both fine!

Lamboo

 
  #620 (permalink)
Trading Apprentice
Czech Republic
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB/IQFeed
Favorite Futures: CL
 
trigon's Avatar
 
Posts: 24 since Dec 2010
Thanks: 9 given, 6 received


zury - MC can't do that yet. You can't see orders on chart that is not from your broker. MultiCharts wrote it here on forum already. MC support told me they are planing to have this in some later release.

NW27 - you can change colors of chart via right click in chart - format window. If you want to change colors of OHLC/CSticks - right click in chart/format instrument/style.

I don't really understand your second question - you can place orders if you hit right click/place order. But it only works on chart from your broker, not on different datafeed.

First problem was on Alpha too...but I don't use it that way I place orders as I described here and it works well.


BTW: MC Beta is one of the best platforms I have seen...alpha was good too it NEVER crashed and I used it for about two weeks. If I compare this with NT....you can't really compare it. This software is flawless!


Closed Thread



futures io > > > > MultiCharts, MultiCharts, MultiCharts...

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MultiCharts Webinar: Peter Campbell - Systematic Trading with MultiCharts MultiCharts MultiCharts 25 August 31st, 2015 09:32 PM
Firewalls with MultiCharts Laurus12 MultiCharts 7 December 9th, 2013 04:20 PM
NinjaTrader or Multicharts tom1 MultiCharts 113 October 7th, 2013 06:28 AM
Multicharts documentation TideRip MultiCharts 16 July 7th, 2011 12:19 AM
Multicharts tinkerz EasyLanguage Programming 2 May 13th, 2010 12:08 PM


All times are GMT -4. The time now is 10:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.16 seconds with 20 queries on phoenix via your IP 54.221.76.68