NexusFi: Find Your Edge


Home Menu

 





MultiCharts, MultiCharts, MultiCharts...


Discussion in MultiCharts

Updated
      Top Posters
    1. looks_one Big Mike with 195 posts (166 thanks)
    2. looks_two TonyB with 56 posts (20 thanks)
    3. looks_3 MultiCharts with 46 posts (41 thanks)
    4. looks_4 Snoop with 27 posts (14 thanks)
      Best Posters
    1. looks_one FulcrumTrader with 3 thanks per post
    2. looks_two Big Mike with 0.9 thanks per post
    3. looks_3 MultiCharts with 0.9 thanks per post
    4. looks_4 TonyB with 0.4 thanks per post
    1. trending_up 336,307 views
    2. thumb_up 510 thanks given
    3. group 93 followers
    1. forum 827 posts
    2. attach_file 71 attachments




Closed Thread
 
Search this Thread

MultiCharts, MultiCharts, MultiCharts...

  #651 (permalink)
 
Snoop's Avatar
 Snoop 
Toronto, Ontario
 
Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker: IB, IQfeed
Trading: ES, CL
Posts: 203 since Oct 2009
Thanks Given: 135
Thanks Received: 165

More realistic figure is my preference. It doesn't make much difference with futures (generally tight spread) but can be significant for small cap stocks.
Since you mentioned a sooner than expected beta 2:
DOM - it needs to be a container within the workspace (like chart, scanner, position tracker windows)
Otherwise, it's an annoying separate app window that is in the way of other apps when minimizing or moving MC.


MultiCharts View Post
We just discovered an interesting behavior, which concerns those of you who use IB. We would like to seek your opinion on what to do. We have heard reports that IB PnL is slow to update, and we found out why.

IB and some other programs calculate the PnL by comparing your entry price to the last TRADE price. We on the other hand thought it conceptually proper to compare your entry price to the price which allows you to exit your position, i.e. if you are long, PnL is the distance from the entryprice to the bestask, and if you are short the PnL is the entryprice to bestbid. The reason is this - it gives you a more realistic picture. If you compare the PnL to the last Trade, but there is a huge spread, it may appear to you that you have, let's say $2000 profit. You see this $2000 profit, and all exited, you close - but because the spread is huge you end up breakeven, or even with a loss. This is an extreme example, but that's what caused us to do it this way.

The problem comes from this, we pulled up the Times and Sales in Interactive Brokers TWS and the LAST field is updated much more frequently than the ask and the bid fields (about 5 times more often). So, it takes us a while until the next ask or bid comes.

The million dollar question is - do we keep it the way it is, or match IB?
-If we keep it the way it is, it's more accurate in our opinion, but it doesn't match IB and updates slower than IB.
-If we match IB, the updates and matching will be solved, but it won't be as accurate as we think it deserves to be.

Your opinions?



Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Deepmoney LLM
Elite Quantitative GenAI/LLM
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #652 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

I think the DOM has to be separate like it is now. I have my main MC window minimized, and charts and DOM undocked.

So the best features are the ones where the user can choose his own preference

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #653 (permalink)
 
MultiCharts's Avatar
 MultiCharts 
Columbus, Ohio, US
 
Experience: Intermediate
Platform: MultiCharts
Broker: Multiple/Multiple
Trading: ES, EUR/USD
Posts: 168 since Oct 2010
Thanks Given: 74
Thanks Received: 172



Big Mike View Post
I think the DOM has to be separate like it is now. I have my main MC window minimized, and charts and DOM undocked.

So the best features are the ones where the user can choose his own preference

Mike

I agree, users should be able to pick - that's the spirit of MultiCharts. The challenge is NOT to create so many features that users drown in them. In the case of PnL, I think we will allow both modes of calculations (stored in IB broker profile), and you can choose which one you like.

MultiCharts - Raising the Trading Standard.
Please send me a private message if you have any further questions about MultiCharts
Follow me on Twitter
Thanked by:
  #654 (permalink)
 xevian 
Toronto
 
Experience: Beginner
Platform: Multicharts, NT, TWS
Broker: IB
Trading: ES, ZN
Posts: 33 since May 2010
Thanks Given: 18
Thanks Received: 17


MultiCharts View Post
I agree, users should be able to pick - that's the spirit of MultiCharts. The challenge is NOT to create so many features that users drown in them. In the case of PnL, I think we will allow both modes of calculations (stored in IB broker profile), and you can choose which one you like.

Having both calculations will be good. I would also like to vote for the DOM colours and fonts to be customizable.

Another feature that I miss is the ability to save and pick the exit strategies for the DOM.

  #655 (permalink)
 
Laurus12's Avatar
 Laurus12 
Norway
 
Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker: CQG, DTN IQFeed
Trading: EURO
Posts: 376 since Nov 2010
Thanks Given: 562
Thanks Received: 363


Big Mike View Post
There are several contract options with IQfeed.

The Q means electronic session. Without it you get pit only (not good). If you prefix with +, like +CL, it is combined session. I've briefly looked at #C but personally I've setup QuoteManager to create a custom contract, a continuous contract that rollsover based on volume of the front month.

Mike

Hello Mike,

Could you please tell us/me how you have set up your custom contract?

I've been looking at the symbol guide and have found the @ES# and @ES#C (Front Month back-adjusted history) as alternatives, but it would be nice to know from what you wrote how you have set up yours.

Thanks,
Laurus

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
  #656 (permalink)
 
Snoop's Avatar
 Snoop 
Toronto, Ontario
 
Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker: IB, IQfeed
Trading: ES, CL
Posts: 203 since Oct 2009
Thanks Given: 135
Thanks Received: 165

The DOM should have the same capability as the other objects and how they interface with the workspace.
You want it separate - separate it. You want it in a workspace - dock it. It's the same functionality that is available elsewhere.
To state "I think the DOM should be separate like it is now" is ignorant and unhelpful. Not everyone operates the same way and the ability to dock is something that should have been offered from the beginning. Otherwise, what was the point of workspaces?


Big Mike View Post
I think the DOM has to be separate like it is now. I have my main MC window minimized, and charts and DOM undocked.

So the best features are the ones where the user can choose his own preference

Mike


  #657 (permalink)
razorbuzz
Hannover / Germany
 
Posts: 32 since Aug 2010
Thanks Given: 10
Thanks Received: 11

Hi,
I use the MCDT Beta with Zen-fire as trading feed, and IQfeed for historical.
When I now place an order and attach and Exit-Strategy i.e Master Strategy only the order were filled and the attached order ( Exit strategy) are not. They don't listed in the position tracker and don't shown in the chart. The strategy is for my opionen not attached.

Has anyone the same ?
regards
razor

  #658 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844


Snoop View Post
The DOM should have the same capability as the other objects and how they interface with the workspace.
You want it separate - separate it. You want it in a workspace - dock it. It's the same functionality that is available elsewhere.
To state "I think the DOM should be separate like it is now" is ignorant and unhelpful. Not everyone operates the same way and the ability to dock is something that should have been offered from the beginning. Otherwise, what was the point of workspaces?

Yeah, you big dummy. Giving your opinion then stating the best thing is for everyone to have a choice. I tell you BM, you really got some nerve man.

  #659 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844

I'm sorry BM, I just had to vent. I really didn't mean to go off on you like that.





  #660 (permalink)
 
kami's Avatar
 kami 
kuala lumpur, Malaysia
 
Experience: Intermediate
Platform: Python
Broker: Oanda,IB,Lmax
Trading: FOREX
Posts: 31 since Mar 2011
Thanks Given: 13
Thanks Received: 10


Anyone know that MC 7 will have ATM strategies and direct jforex api for dukascopy ?

i love ATM in ninja 7 so if if MC 7 does have it together with jforex api to dukascopy i will consider to purchase.

TQ


Closed Thread



Last Updated on July 24, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts