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1st Trading Tools Market Profile for Multicharts (1st-tradingtools.com)
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1st Trading Tools Market Profile for Multicharts (1st-tradingtools.com)

  #1 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: ninjatrader, multicharts, MT4
Broker/Data: IB, PFG Best
Favorite Futures: 6E, EMD, TF
 
Posts: 256 since Jul 2009
Thanks: 109 given, 145 received

1st Trading Tools Market Profile for Multicharts (1st-tradingtools.com)

I found the current offering from MC pretty useless and after searchin the internet found this toolset.at this website

1st Trading Tools

first impressions are good and i had immediate help on request.

I like what is being offered and have made suggestions for improvement. as follows

display IB, Single prints with projections

Open Range highlight with current day open projection


Display projections for Pror Hi/Lo, prior Close, prior open, 2x IB hi/lo, 1.5 x IB hi/lo , IB hi/lo , naked poc.

i may discover that some of this is already there as I am now on day 2.

So far I am impressed and it will be interesting to see what the response will be.


Last edited by Big Mike; August 4th, 2010 at 06:56 AM. Reason: clarified title
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  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
India
 
Futures Experience: Intermediate
Platform: TS/MC
Favorite Futures: NF,Oil,NatGas
 
Posts: 31 since Oct 2009
Thanks: 33 given, 22 received



yiman View Post
For anyone interested in market profile tools for MC i am currently trialing a toolset from 1st Trading Tools

no i dont work for them i just thought some of you may be interested


It would be much appreciated if u can answer me few ques related to this if u have used it.

>> Is it open code ?
>> Are the functions can be used in strategy directly or one needs to create their own ?

I m Currently using PriceDistribution indicator from The Swing Machine. Its open code so can be used in strategies after some modifications. But still its not as handy as it should be. Takes ages in calculating large range of data set also its almost impossible to get Developing VA and DPOC. Sure u can get one day back.

I would like if some more users come up with their experience with 1st Trading Tools.

Darshiit

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  #4 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: ninjatrader, multicharts, MT4
Broker/Data: IB, PFG Best
Favorite Futures: 6E, EMD, TF
 
Posts: 256 since Jul 2009
Thanks: 109 given, 145 received

no its not opencode , but it does look many times better than the one you are using

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  #5 (permalink)
Trading Apprentice
India
 
Futures Experience: Intermediate
Platform: TS/MC
Favorite Futures: NF,Oil,NatGas
 
Posts: 31 since Oct 2009
Thanks: 33 given, 22 received


yiman View Post
no its not opencode , but it does look many times better than the one you are using

If no open code then developing a strategy using it will be impossible. May be i would stick to Price Distribution analysis as of now. It does almost all what this code can do other then TPO counting. Which I dont require.

Thanks for the info.
Darshiit

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  #6 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: ninjatrader, multicharts, MT4
Broker/Data: IB, PFG Best
Favorite Futures: 6E, EMD, TF
 
Posts: 256 since Jul 2009
Thanks: 109 given, 145 received

Actually i dont know if its open code , I assumed it wasnt .why dont you contact the developer and find out, By the way the toolset is for Multicharts , not ninja trader

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  #7 (permalink)
Trading Apprentice
India
 
Futures Experience: Intermediate
Platform: TS/MC
Favorite Futures: NF,Oil,NatGas
 
Posts: 31 since Oct 2009
Thanks: 33 given, 22 received


swisstrader View Post
Darshiit,
you can get the functions as closed code and locked to your MultiCharts licensed UserID. Then you can write your own strategy because I refer in the function outputs the VAH, VAL and POC values if you want. But I guess in regarding to your private message to me in this forum that your goal is an other one ;-). I'm sorry, no open code! Sold MC code is secure, TS is always crackable. And MC platform is much much better than TS (my personal opinion).
-swisstrader

Well , I picked a wrong SwissTrader then LOL.

Thanks for the info regarding indicators. May take trial some day when I dont get my code to function the way I want it to be and may be I may purchase it.

But one more thing , " If it can be constructed , for sure it can be destructed. "

Best luck ,
Darshiit

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  #8 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: ninjatrader, multicharts, MT4
Broker/Data: IB, PFG Best
Favorite Futures: 6E, EMD, TF
 
Posts: 256 since Jul 2009
Thanks: 109 given, 145 received

Market profile charts

For anyone interested

here are my charts with the provided workspace , on the es chart lines in grey are previous VA, and in reds prev IB at the time i drew them.

I wonder if i can get a job as a salesman LOL

Attached Thumbnails
1st Trading Tools Market Profile for Multicharts (1st-tradingtools.com)-6b.bmp   1st Trading Tools Market Profile for Multicharts (1st-tradingtools.com)-es.bmp   1st Trading Tools Market Profile for Multicharts (1st-tradingtools.com)-profile-6b.bmp  
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  #9 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: ninjatrader, multicharts, MT4
Broker/Data: IB, PFG Best
Favorite Futures: 6E, EMD, TF
 
Posts: 256 since Jul 2009
Thanks: 109 given, 145 received

if i was a programmer i would take up that challenge, where can i learn

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  #10 (permalink)
Just starting out...
London
 
Futures Experience: Advanced
Platform: Multicharts
Favorite Futures: financial/commodity options
 
Posts: 1 since Aug 2010
Thanks: 0 given, 1 received

MP toolset


just to say, from what I can tell, this is by far the best MP toolset for Multicharts out there. I've been using these for a while now and I'm pretty impressed with the functionality. They're quick to calculate, unlike what I was using before on TS and the support is great, almost immediate. The guy who wrote them is constantly refining stuff and open to suggestions. So, if you're looking for an MP toolset for MC, this does the job...

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