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Does Multicharts support Tradestation .placeorder OCO macro syntax?
Hi all. I am considering moving from Tradestation to Multicharts & Rithmic, mainly due to being spooked out too much by Tradestation execution weirdness. I also want to eventually port my strategies to my own custom C++ client using Rithmic's R|API but that is another issue alltogether.
Similar to what was mentioned in a previous post here, my automated strategy creates an OCO bracket order via creating and calling a .placeorder macro. Can anybody tell me if Multicharts supports doing this?
Here's a small example of the syntax for a .placeorder macro in TS:
Can you help answer these questions from other members on NexusFi?
It's probably worth noting that I am executing this macro from within a chart indicator - one of Tradestation's many workarounds for various issues. I'd also like to know if Multicharts can do the same.
grrr. such a string concatenation I have to drink something quickly.
anyway multichart has its own bracket order from charts which i find pretty awesome and intuitive as well. you 'll like am sure you will pretty much like it just give it a try
Thanks for replying JohniFx. It's good to know that MC supports bracket orders.
I'm an aspiring auto trader who is quite heavily invested in EasyLanguage, and I am just wondering how much effort it will take to port my code to MultiCharts. If a lot of what I do is not supported in MC's implementation of EasyLanguage then I'm willing to bite the bullet and just re-write all my stuff in C++.
Is there a way to implement the bracket OCO order in Multicharts by using the amount of ticks price moved to trigger the stoploss to move to breakeven plus 1?
This scenario: Contract 1: Target +4 ticks, stoploss -10 ticks. When price moves in the anticipated direction for 4 ticks, then the stoploss will move from its original position of -10 ticks to breakeven plus 1 tick. So when price moved +4 ticks I want the stoploss to move, I do not want to wait until the target at +4ticks is filled.
Contract 2: Target +5 ticks, stoploss -10 ticks. When price moves in the anticipated direction for 4 ticks, then the stoploss will move from its original position of -10 ticks to breakeven plus 1 tick. So when price moved +4 ticks I want the stoploss to move.
