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I asked Multicharts about multi-broker execution for discretionary trading, and they said that is not a standard feature, but could probably be programmed by someone. I did add it as a feature request on their site. For autotrading they said it can be done simply by having the algorithm running on two different charts.
If you have been following along in my OneUp/MES journey, then you know I have reached the conclusion that most traders should start out with the new CME Micro E-mini contracts instead of dropping hard-earned cash into the coffers of the Combine companies. I have started a new journal, putting my money where my mouth is.
And my timing could not have been better! As part of the FIO 10 year anniversary, Big Mike is promoting journaling. And just started a challenge with prizes.
He says, "My goal with these contests is to encourage the journaling process, as I firmly believe the more you participate in the journal process, the better trader you will become."
I have started a second journal now called "Micro E-mini Madness (1% per day)" and it can be found at this link.
Thanks for asking. And I hope I don't let you down too much...
As you may know I upgraded the live MES Capital account from $50k to $150k by going through a new evaluation. Unfortunately, the upgraded account was short lived. However, I am very close to passing what should be my final OneUp evaluation and so I should have a new $150k MES Capital account next week.
Why was the live account short-lived? I will be very candid with my 4 contributing factors: (1) The market is super-bullish because of Fed comments on rates, and I keep trying to short an "overbought" situation. This has been going on for 6 months, and we just made a new high today even. I maintain it is unsustainable, but I must be humble enough to admit that I am wrong. Just wrong. (2) I still take more risks than I should, and the larger account allowed me to get away with it - until it didn't. (3) I am in a chat room with some really great traders who have new and profitable ways of looking at the market, and I have been a bit distracted from my regular plan. They look at TPO charts and Volume Profile, and I am finding it fascinating. They take fewer trades and make more cash. (4) I also got distracted by trying the evaluation from a new company called LeeLoo. LeeLoo has fewer rules than MES has on its live accounts, so I have been trying that. But I am coming to realize that any time you are working on Plan B, even a backup plan, then Plan A will suffer.
All four reasons may be significant, but they don't excuse my failure to hold on to that account. I should have been more careful.
