Running Multicharts signal with two sets of parameters - MultiCharts | futures.io
futures io futures trading


Running Multicharts signal with two sets of parameters
Started: by TraderWalrus Views / Replies:214 / 3
Last Reply: Attachments:0

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

Running Multicharts signal with two sets of parameters

  #1 (permalink)
Trading Apprentice
Bangkok Thailand
 
Futures Experience: Intermediate
Platform: IB, MC
Favorite Futures: Forex
 
Posts: 21 since May 2016
Thanks: 9 given, 5 received

Running Multicharts signal with two sets of parameters

I have a signal that produces nice results with a certain set of parameters, call it set A.
The same signal produces good results with another set of parameters, call it set B.

Running both signals in parallel should, according to my backtesting, improve returns to some extent while decreasing drawdown, thereby improving the Return On Account significantly.

However when I tried to do that I get double exit orders. For example - when the signal with set A enters a position, then both signals place stop and limit exit orders. So I have a position of 1 lot with two stop orders of 1 lot each and two limit orders of 1 lot each.

Is there a simple way to run two signals on the same instrument and have them completely independent from each other. Perhaps in Portfolio trader?

Reply With Quote
 
  #2 (permalink)
Elite Member
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,257 since Apr 2013
Thanks: 201 given, 707 received

TraderWalrus,

it sounds like you placed both signals on the same chart and your code is causing this behavior.

I don't think it will work without modifications in Portfolio Trader - same thing would be two separate charts, you'd probably end up with a different result than what you'd get combined on one chart. Therefore you will probably need to adjust your code to manage only the positions you want it to, tie exits to specific entries etc..

Regards,

ABCTG

Reply With Quote
The following user says Thank You to ABCTG for this post:
 
  #3 (permalink)
Trading Apprentice
Bangkok Thailand
 
Futures Experience: Intermediate
Platform: IB, MC
Favorite Futures: Forex
 
Posts: 21 since May 2016
Thanks: 9 given, 5 received



ABCTG View Post
TraderWalrus,

it sounds like you placed both signals on the same chart and your code is causing this behavior.

I don't think it will work without modifications in Portfolio Trader - same thing would be two separate charts, you'd probably end up with a different result than what you'd get combined on one chart. Therefore you will probably need to adjust your code to manage only the positions you want it to, tie exits to specific entries etc..

Regards,

ABCTG

If they're going to be on different charts - will they run completely independent of each other? mind you, I am using marketposition(0) to determine if I have an order and if it's long or short, and send orders accordingly.

So I guess my question is, does marketposition and similar orders return the status on the broker side, or according to the code on the specific chart.

My purpose is to run them completely independent of each other. As if they were running on different accounts.


Last edited by TraderWalrus; September 1st, 2016 at 05:47 AM.
Reply With Quote
 
  #4 (permalink)
Elite Member
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,257 since Apr 2013
Thanks: 201 given, 707 received

This depends on your code. If you don't use anything that has the ability to exchange data between charts or use reserved words that use the market position at the broker for example, then the results should be independent from each other. But it's likely that the results will be different than from your backtest, too - simply because you are looking at separate systems (as in the combination of signals one might block the other, which wouldn't be the case when you run it on separate charts).
If your backtests have been done by a combination of the signal on one chart, I'd invest the time to track down what causes the situation you encounter live. If you split the system now or switch to portfolio trader you create a new situtation and it might not have any relevance to your backtest anymore.

Regards,

ABCTG

Reply With Quote

Reply



futures io > > > > Running Multicharts signal with two sets of parameters

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Easylanguage/Multicharts still buying next bar even no more code to buy signal! risaldeb MultiCharts 14 May 27th, 2015 09:56 AM
Prevent Parameters from showing in Indicator Call Parameters NJAMC NinjaTrader Programming 11 November 12th, 2014 04:35 AM
Dow Rally More Difficult as Caution Sets In Quick Summary News and Current Events 0 February 9th, 2013 05:20 PM
is there an example that can change parameters while Strategy is running? gztanwei Elite Automated NinjaTrader Trading 2 October 15th, 2012 06:00 PM
Monitoring multicharts SA is running nikke EasyLanguage Programming 6 October 21st, 2011 06:53 AM


All times are GMT -4. The time now is 12:19 PM.

no new posts
Page generated 2017-03-24 in 0.10 seconds with 19 queries on phoenix via your IP 54.147.237.64