Regarding Multicharts strategy trigger - futures io
futures io



Regarding Multicharts strategy trigger


Discussion in MultiCharts

Updated
    1. trending_up 356 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Regarding Multicharts strategy trigger

(login for full post details)
  #1 (permalink)
r41866
Cypress Texas/USA
 
 
Posts: 10 since Mar 2021
Thanks: 0 given, 1 received

I am currently using Multicharts.Net special free edition with an AMP futures account so I cannot post questions in official Multicharts forum. Please forgive me if my questions are too basic for you.

I have checked forum postings and Multicharts manuals but I cannot find any information about how exit strategies are triggered in Multicharts. Can anyone provide something, either the information I want, or the links where I can find my answers?

Is it possible for the entry strategy (or signal) specify what exit strategy to trigger? I want to do this if possible because I have different conditions to trigger different exit strategy.

Thanks a lot.

Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(112 thanks from 18 posts)
looks_twoSalao's Journalby Salao
(36 thanks from 8 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(32 thanks from 14 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(14 thanks from 9 posts)
looks_5Maybe a little bit different journalby Malykubo
(9 thanks from 9 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
75 thanks
Big Mike in Ecuador
57 thanks
The Crude Dude Oil Trading System
50 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
24 thanks
 
(login for full post details)
  #2 (permalink)
 kjhosken 
Seattle, WA/USA
 
Experience: Intermediate
Platform: TOS, TS
Trading: Forex, crude
 
Posts: 90 since Sep 2016
Thanks: 7 given, 32 received


r41866 View Post
I am currently using Multicharts.Net special free edition with an AMP futures account so I cannot post questions in official Multicharts forum. Please forgive me if my questions are too basic for you.

I have checked forum postings and Multicharts manuals but I cannot find any information about how exit strategies are triggered in Multicharts. Can anyone provide something, either the information I want, or the links where I can find my answers?

Is it possible for the entry strategy (or signal) specify what exit strategy to trigger? I want to do this if possible because I have different conditions to trigger different exit strategy.

Thanks a lot.

If I understand your question correctly, yes, you can choose a strategy to be exit only. This is done on the format strategies dialogue box.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #3 (permalink)
r41866
Cypress Texas/USA
 
 
Posts: 10 since Mar 2021
Thanks: 0 given, 1 received


I think I made a mistake and I need to rephrase my question.

Actually what I want is to trigger two different entry strategies according to the different conditions. What I want to do is below.

1. If the current candle is too large, wait for the break of the high of the current bar in next bar, and then place a buy limit order.
2. If the current candle is small, place a buy stop order 1 tick above the high of the current bar after the close of the current bar.

The problem to put the two conditions into a single entry strategy is that to use buy stop entry order, you need to disable the trigger of the order inside a bar. The order can be placed only after the current bar is closed. However, in the second scenario, you have to place the order when the bar is not closed yet.

What do I need to do? I need to write two entry signals?

Reply With Quote


futures io Trading Community Platforms and Indicators MultiCharts > Regarding Multicharts strategy trigger


Last Updated on March 7, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts