I have this strategy that is highly profitable using the default signals in Multicharts that I had backtest with 1 year of tick data on ES and NQ . When I turn on automated trading, it seem to work correctly when using a Sims account, but when apply to my live account the system will reject the order since the exit signal is a STOP order and if the current price is above the sell then it will get auto reject my broker (AMP futures). This is why I'm looking for PowerLanguage coder to help me to write a custom code.
the system is highly profitable. EX: if starting $10,00 account you can make $100,000 annually on ES or double that if you trade NQ at the same time using 1 contract. This number has already already accounted for commission and slippage (I added $50 slippage per trade on ES and $40 on NQ to be super conservative). Draw down is relatively small around $2,000 when compare to profit
my proposal is that if anyone interested to get a copy for this highly profitable strategy, please reply to this thread or email at Cooperahoang [at] gmail.com and we can discuses further. All I need you to do to use PowerLangue to fine tune the default cookie cutter signals that Multicharts provided by default.
Can you help answer these questions from other members on futures io?
I'm not sure EL is compatible with the Auto Trading function of Multichart .NET.
But I want to buy Market when the close of the candle cross above Lower Bollinger Band and Sell Market when close of price cross below Higher Bollinger band. That is it. It is fairly simple.
Please note on the default Bollinger band signal use stop order to enter and exit market and this is why the auto trading doesn't not work on the live account since the broker will reject. I hope that market order will solve this issue.
Yes I trade mainly ES and NQ for now so I only tested the strategy on this market. Potentially will work other market since the strategy is simple.
The reason I don't use EL is because my broker provide the .NET version for free so that is why I use it. I might look into the regular version of Multicharts if I can get it for free.
yes please reply with the code here once you done and if it work with auto trading then will email you a copy of the strategy.
Long Entry: Buy Market when close of candle cross above Lower Bollinger Band
Long Exit: Sell Market when close of candle cross below Higher Bollinger Band
Short Entry : Sell Market when close of candle cross below Higher Bollinger Band
SHORT Exit: Buy Market when close of candle cross above Lower Bollinger Band
