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MultiCharts, MultiCharts, MultiCharts...

  #101 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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neriusb View Post
I'm also testing Multicharts (v. 5.5, 30days trial) and like it's speed and reliability. The most missing feature for me is chart trading. Maybe someone knows if they implemented (or plan to implement) this feature in MC 6 (or 7) ? Or maybe there is some thirt-party workaround/add-on to use chart trading using MC and IB ?

MC 7.0 will have discretionary trading and a DOM. As mentioned earlier in this thread, MC 6 does not. MC 7 is due out in a few months (another nice thing about MC, they do several releases a year on a consistent basis).

Someone wrote an EasyLanguage add-on that lets you trade from the chart. I have not tried it, but others seem to say it got the job done. For this moment, I am using NT DOM and only a DOM (nothing else, to prevent crashing) next to a MC chart.

Mike

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  #102 (permalink)
 
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 shodson 
OC, California, USA
Quantoholic
 
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As a professional C# developer, NT's C# support and integration into the .NET framework was my initial draw to NT. I like how I have the entire toolset of .NET at my trading fingertips to, say
  1. log data to an external SQL Server database via ADO.NET for data warehousing and multi-dimensional analysis
  2. scrape data off of the internet and incorporate, say, news feeds into my strategies
  3. posting my entries and exits to Twitter
  4. extensive file and IO support
  5. publishing signals to an RSS feed that I can follow on my iPhone
  6. other more creative things I have not yet dreamed of
I'm not sure how well EL can handle these things, though as a former, light user of Tradestation I know it does have some file support. But with NT my strategies and indicators can do anything any .NET program I write for Windows can do. BTW, a friend of mine that interviewed for a QA job at TraseStation said they are working on C#/.NET support in a future release.

As for NT7, I have been hearing people's gripes but not yet experienced them as I am not an NT7 beta user, but I just recently got on their list for the next beta release. As for 6.5, I have never had NT crash, and only had the database corrupt on me once, which I was able to fix just fine. I also reboot my machine daily, as I find it runs more stably with a fresh reboot. If you're running strats 24x7 you should just run them 24x5 and reboot over the weekends. I recognize that I probably don't trade nor backtest as frequently as some of these other users that are crashing so often, but that's just my experience. I trade for 1-2 hours in the morning and sometimes leave my 2-3 yr old quad core Dell on overnight if I want to look for some FX setups while I'm sleeping. It is running on Windows Vista Ultimate with 3GB of RAM. Most of my research, strategy and indicator development I do on my relatively new laptop which has also been working fine (using NT6.5)

I also share the concern as to how long NT7 has taken. I think their software development management is poor. They should have never tried to swallow so many features and drastically large architectural changes in the same release. I think many of us would have been happy with a NT6.5 release with the improved database support as NT7, then all of the other improvements could have been added as NT7 point releases. This more agile approach improves the quality of the product and keeps customers happy getting the small improvements they want all the while and going for large architectural changes only every 1-2 years.

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  #103 (permalink)
 
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 aslan 
Madison, WI
 
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shodson View Post
I'm not sure how well EL can handle these things, though as a former, light user of Tradestation I know it does have some file support. But with NT my strategies and indicators can do anything any .NET program I write for Windows can do.

Multicharts supports the DLL interface from easylanguage, so you should be able to call out to a C++ based DLL to do whatever you want. I would not categorize it as easy to do, but I have done it in Tradestation and once you find and understand the doc it works just fine.

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  #104 (permalink)
 
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 neriusb 
Kaunas, Lithuania
 
Experience: Intermediate
Platform: MultiCharts
Broker: IB/IQFeed
Trading: Stocks, Futures
Posts: 15 since Dec 2009
Thanks Given: 16
Thanks Received: 13

A little off-topic and it's just my opinion, but as old-fashioned MCU programmer ;-) , I think, that some critical applications should still not be written in .NET or JAVA .

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  #105 (permalink)
Richard
Dallas TX/USA
 
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neriusb View Post
A little off-topic and it's just my opinion, but as old-fashioned MCU programmer ;-) , I think, that some critical applications should still not be written in .NET or JAVA .

... and don't get me started about the laziness that visual text editors encourage. That's why I'm making my own platform, in machine language, by manually flipping bits on my hard drive with a magnet.

(I'll probably still finish before NT7 comes out)

  #106 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
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Richard View Post
... and don't get me started about the laziness that visual text editors encourage. That's why I'm making my own platform, in machine language, by manually flipping bits on my hard drive with a magnet.

(I'll probably still finish before NT7 comes out)

Oh man, you don't get me started on the "IDEs are evil/productive" topic... I'll restrain myself here. I call you out over at Slashdot

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  #107 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Zoethecus View Post
Does this mean backtest resluts using renko and range bars are accurate with MC?


Big Mike View Post
Good question. I don't think range bars are in question on either platform, but Renko obviously doesn't work in NT. Even the built-in Renko in NT7 doesn't work.

I'll add it to my list to check. I don't use Renko personally.

Mike

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.

To keep things simple, let's just look at today. This is CL for today in MultiCharts:

[img]https://nexusfi.com/v/kxuy48.png[/img]

Now let's zoom in a bit so we can look at a few specific trades and bars.

[img]https://nexusfi.com/v/ny7tgz.png[/img]

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

Mike

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  #108 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Zoe,

More on the renko test. Below is a slow motion replay via MultiCharts for today.

I am showing in total it took 60 trades and made $1395 after commission and slippage. As I replay the results, it seems to be working as expected. But, I don't have much experience with Renko charts so take a close look and give me your thoughts.

[img]https://nexusfi.com/v/azv66g.gif[/img]

A similar comparison "head-to-head" of same strategy in NinjaTrader would be useful to, if you are willing.

Mike

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  #109 (permalink)
 
cbritton's Avatar
 cbritton 
Atlanta, Georgia
 
Experience: Intermediate
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Dumb question - where can I get the regular renko for NT?

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
  #110 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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cbritton View Post
Dumb question - where can I get the regular renko for NT?

Regards,
-C

It is part of NT7.

Mike

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Last Updated on July 24, 2011


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