NexusFi: Find Your Edge


Home Menu

 





Multicharts Discretionary - Anybody trading with it?


Discussion in MultiCharts

Updated
      Top Posters
    1. looks_one jz166 with 8 posts (0 thanks)
    2. looks_two Big Mike with 7 posts (0 thanks)
    3. looks_3 atata with 3 posts (0 thanks)
    4. looks_4 MultiCharts with 3 posts (0 thanks)
    1. trending_up 13,945 views
    2. thumb_up 1 thanks given
    3. group 15 followers
    1. forum 35 posts
    2. attach_file 0 attachments




 
Search this Thread

Multicharts Discretionary - Anybody trading with it?

  #1 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
Posts: 285 since Oct 2010
Thanks Given: 108
Thanks Received: 188

Hi,

So has anybody used the Multicharts Discretionary platform for actual real live trading yet?

I've tried it on IB with a demo account and it appears to work OK!

But can I trust it in real time with my actual money????

Neil.

Started this thread Reply With Quote
The following user says Thank You to NW27 for this post:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Request for MACD with option to use different MAs for fa …
NinjaTrader
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
67 thanks
Battlestations: Show us your trading desks!
48 thanks
NexusFi site changelog and issues/problem reporting
47 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
31 thanks

  #3 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010


Looking also into it but to scared to do live trades with it !

Reply With Quote
  #4 (permalink)
insideday
vienna
 
Posts: 22 since Aug 2009
Thanks Given: 0
Thanks Received: 38

Does somebody know if under Broker Profiles -> Settings -> OCO Group the option "Use Native OCO Group" should be checked or not?
I want my stop orders placed on the exchange and not simulated on IBs server.

Reply With Quote
  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,476

My past experience with MultiCharts gives me great confidence in the stability of their platforms. But, this is an alpha so it should be treated as such. When MC is more confident, they will move to beta (I think I heard end of Feb on that), and then ultimately a final release some weeks after.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #6 (permalink)
 
sam028's Avatar
 sam028 
Site Moderator
 
Posts: 3,761 since Jun 2009
Thanks Given: 3,824
Thanks Received: 4,629

I did some trades with it, and I found few small problems:
- the displayed unrealized P&L on the chart is not correctly displayed
- sometimes you don't see your entries/exits on the charts
- I haven't found, yet, how to enter with multiple contracts, and use different exit rules (example: enter with 10 contracts, stop loss of 8 ticks for all 10 cars, but 3 targets, 8 ticks for 5 cars, 12 ticks for 3 cars, and a trailing stop for the last 2 cars).

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
  #7 (permalink)
 shzhning 
Madison, NJ
 
Experience: Intermediate
Platform: CQG/TOS
Broker: Optimus/CQG
Trading: ZN/TN/ES/NQ
Posts: 134 since Jun 2010
Thanks Given: 65
Thanks Received: 112

I have a live account with Vision Financial Market and Rithmic data feed. I was able to connect data and but could not see my live account (balance, P&L, etc). In addition, my trade bar was inactive and grayed out.

Last Wednesday spent 40 minutes with Multicharts support and they said everything was fine and it was supposed to be that way. Since it's a live account, they did not want to mess with it. I was too scared to trust it live trading. I'll wait and see.

Reply With Quote
  #8 (permalink)
 
atata's Avatar
 atata 
Calgary, AB
 
Experience: Intermediate
Platform: NT, IB, TOS, MC
Broker: IB, Rithmic
Trading: CL, ES, GC, ZS, ZB
Posts: 116 since Mar 2010
Thanks Given: 90
Thanks Received: 99

I've installed the free version of MC DT 7 Beta 3 over a week ago now.
Started to use so far only the DOM for live trading, however I do nothing else yet meaning no OCO no master strategy, no charting yet...
Trades, stops and targets are placed with single click.
In another thread I've mentioned that moving the order might will add to the number of contracts. Multicharts has acknowledged it as a bug... so be careful moving orders around with MC7 Beta 3. Beta 4 shall have the fix.

I like the look and feel. Also like a lot that single left mouse click does what I believe is supposed to do... meaning if I click above the current price on the buy/bid side it knows that I want a buy stop order.
On NT's DOM you have to use the middle button to place a buy or sell stop order and if you forget/mixed up than you'll be filled at market.
On IB's book trader you have to right click to place buy stop.

I've got "weird" results with "Master Strategy" meaning won't behave the same way all the time therefore for now and I am not using it currently.
Again the way I am using MC - DOM seems to work fine with my live IB account.

atata

Reply With Quote
  #9 (permalink)
goukotegawa
Stamford,CT, USA
 
Posts: 3 since Sep 2010
Thanks Given: 4
Thanks Received: 0


atata View Post
I've installed the free version of MC DT 7 Beta 3 over a week ago now.
Started to use so far only the DOM for live trading, however I do nothing else yet meaning no OCO no master strategy, no charting yet...
Trades, stops and targets are placed with single click.
In another thread I've mentioned that moving the order might will add to the number of contracts. Multicharts has acknowledged it as a bug... so be careful moving orders around with MC7 Beta 3. Beta 4 shall have the fix.

I like the look and feel. Also like a lot that single left mouse click does what I believe is supposed to do... meaning if I click above the current price on the buy/bid side it knows that I want a buy stop order.
On NT's DOM you have to use the middle button to place a buy or sell stop order and if you forget/mixed up than you'll be filled at market.
On IB's book trader you have to right click to place buy stop.

I've got "weird" results with "Master Strategy" meaning won't behave the same way all the time therefore for now and I am not using it currently.
Again the way I am using MC - DOM seems to work fine with my live IB account.

atata



Is the connection between MC and IB TWS stable ? Any disconnection?

Reply With Quote
  #10 (permalink)
 
atata's Avatar
 atata 
Calgary, AB
 
Experience: Intermediate
Platform: NT, IB, TOS, MC
Broker: IB, Rithmic
Trading: CL, ES, GC, ZS, ZB
Posts: 116 since Mar 2010
Thanks Given: 90
Thanks Received: 99



Quoting 
Is the connection between MC and IB TWS stable ? Any disconnection?

I did not use MCDT for a while for other reasons however I do not recall any connectivity issues.
Make sure id and port are the same between the IB profile in MCDT and in IB TWS config.
I did have issues in the past with IB TWS traded via IB's BookTrader. As I've figured out the root cause was an older version of TWS. Basically stop orders did not work at all on Paper Money while limit orders and market orders did. So make sure you have the latest version of TWS what is supported by MC.
I do know from experience that Ninja "certified" against a specific version of TWS so newer is not always better however I do not know if the same applies to MCDT. You shall check with MC support what version of TWS is supported.

atata

Reply With Quote





Last Updated on September 15, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts