MultiCharts Automated trading
- Thread starter MarkBrown
- Start date
So we have about 3 different options with MC:
1) manual trading
2) semi-automated trading (Require Trade Confirmation = On)
3) fully-automated trading
Unfortunately, with #2, you can't specify confirmation for both entries and exits independently.
I have put in an enhancement request for this.
It would be great if the signal puts you into the trade automatically and then you manage the exit manually....and vise-versa.
1) manual trading
2) semi-automated trading (Require Trade Confirmation = On)
3) fully-automated trading
Unfortunately, with #2, you can't specify confirmation for both entries and exits independently.
I have put in an enhancement request for this.
It would be great if the signal puts you into the trade automatically and then you manage the exit manually....and vise-versa.
Now TradingView, from the same company, has a $3 billion valuation they might not be in a rush to fix it.
Which company ?
About your - Classic and Standard Range Bars - I have NEVER seen "fake price bars" in MC - and I have been using MC for a many years. Also - I just consider Range Bars - as Range Bars - NOT Classic or Standard. Are you going Full Auto - when you see the bars form - and "that price tick it traded disappear"?
For me - I see absolutely NO advantage to using Kase Range Bars. As far as my Algos goes - it really doesn't matter what type of bar - could be a Tick chart - or Minute - or other types - my Code doesn't care.
I have a Net Daily Goal in Dollars - that I try to make in a 2 hour period. I just set the Time to trade - so it only trades during those 2 hours. I do have some Code - that can be Set - to the Times you mentioned - and trade only during those Time Periods - really NOT complicated. For me - I have other things to do during the day - totally unrelated to trading (mainly related to Family - Grandkids) - so many years ago - I set the 2 hour Time Period. As I get older - I try to use my time - for things that are more important to me - than Trading. That may sound crazy - saying this in a Trading Forum.
These days - I mainly trade the ES and MES - using a 7 Tick Range Bar - I keep things as Simple as possible. I won't go into detail here - but it is Simple.
I also have a one more Workspace - with an Algo - currently for the NQ - using a 200 Tick Range Bar. The NQ can really be a Fast mover. The main reason for this Workspace - is for Testing and Trading Algos.
By the way - for me - the "Intrabarordergeneration" - is very important, providing you Code with that in mind. Also - the "Bar Magnifier" is important and it works great - providing it is Set Correctly. Having said that - there are some things about MC - that I would like to see fixed - or added - but it is what it is - and it works great for me.
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Contact me with a Private Message in ET - will give some help - NO CHARGE. Each School day - I go to get the younger grandson - on the bus - to make sure he is safe. I drive 25 to 30 miles round trip - depending on which way I go - due to traffic early in the morning. I usually get home before 9:30 am - West Coast time. If you want - I will let you watch the Algo Signals - in Real Time.
Wish you and other traders - all the best with trading.
Sounds great ! How to subscribe ?
Please get a sign-in for MC Project Management and submit some enhancement requests. I do it all of the time. You must have a special login id....so ask tech support for one.
so i made a exit system that will automate the risk and reward for a manually entered trade.
it works well until you add on to the position then it freaks out. m
i called it: Stops Test 1
[intrabarordergeneration = true];
[RecoverDrawings = false];
DEFINEDLLFUNC: "kernel32.dll", int, "GetTickCount";
// Existing issues - inaccurately sync order's prices:
// 1) entry prices - only in pyramiding mode
// 2) exit prices - always (used close price as close position price)
Input :
TimeOutMS(250), // time spent since BrokerMarketPosition changed and we start correct position
LatencyMS(500); // time spent since we start correct StrategyMarketPosition and return to monitoring mode
variables:
textID( text_new_s(d, time_s, c,"CurrentState") ),
intrabarpersist sync_state("MP is synchronized!"),
intrabarpersist diff_state("MP syncronization. Wait "),
_rightest(0),
_highest(0),
inner_mp(0),
broker_mp(0),
intrabarpersist mp_diff(false),
intrabarpersist mp_diff_time_start(0),
intrabarpersist mp_corrected(false),
intrabarpersist mp_corrected_time_start(0),
intrabarpersist place_correction_marketorder(false),
intrabarpersist _get_tick_count(0),
intrabarpersist _exit_price(0),
correct_contracts(0),
is_buy(false),
is_entry(true);
if getappinfo(airealtimecalc) = 1 and getappinfo(aistrategyauto) = 1 then begin
once begin
print( text_setstyle(textID, 1, 0) );
diff_state += text(TimeOutMS*.001, " seconds.");
end;
inner_mp = currentcontracts*marketposition;
broker_mp = MarketPosition_at_Broker;
_rightest = getappinfo(airightdispdatetime);
_highest = getappinfo(aihighestdispvalue);
text_setlocation_s(
textID,
juliantodate(_rightest),
datetime2eltime_s(_rightest),
_highest
);
if broker_mp <> inner_mp then begin
_get_tick_count = GetTickCount ;
// market position differs state
if not mp_diff and not mp_corrected then begin
mp_diff = true;
mp_diff_time_start = _get_tick_count ;
text_setstring(textID, diff_state);
end;
// enter correction state after TimeOut
if mp_diff and not mp_corrected then begin
_exit_price = c; // assume that position can closed at close price
if _get_tick_count - mp_diff_time_start > TimeOutMS then begin
place_correction_marketorder = true ;
mp_corrected = true ;
mp_corrected_time_start = _get_tick_count ;
end;
end;
// correction state
if mp_corrected then begin
if _get_tick_count - mp_corrected_time_start > LatencyMS then begin
mp_corrected_time_start = _get_tick_count ;
mp_diff = false;
mp_corrected = false;
end;
end;
// place correction order
if place_correction_marketorder then begin
place_correction_marketorder = false ;
if 0 <> broker_mp then _exit_price = AvgEntryPrice_at_Broker;
ChangeMarketPosition(broker_mp - inner_mp, _exit_price, "Sync Order");
end;
end
else begin
text_setstring(textID, sync_state);
mp_corrected = false ;
mp_diff = false;
end;
end; // is real time and strategy auto
/////////////////////////////// below code for bracket trading ////////////////////////////
//Exit
input:los(20),pft(20);
if marketposition=1 then begin
setstoploss_pt(los);
setprofittarget_pt(pft);
end;
if marketposition=-1 then begin
setstoploss_pt(los);
setprofittarget_pt(pft);
end;
it works well until you add on to the position then it freaks out. m
i called it: Stops Test 1
[intrabarordergeneration = true];
[RecoverDrawings = false];
DEFINEDLLFUNC: "kernel32.dll", int, "GetTickCount";
// Existing issues - inaccurately sync order's prices:
// 1) entry prices - only in pyramiding mode
// 2) exit prices - always (used close price as close position price)
Input :
TimeOutMS(250), // time spent since BrokerMarketPosition changed and we start correct position
LatencyMS(500); // time spent since we start correct StrategyMarketPosition and return to monitoring mode
variables:
textID( text_new_s(d, time_s, c,"CurrentState") ),
intrabarpersist sync_state("MP is synchronized!"),
intrabarpersist diff_state("MP syncronization. Wait "),
_rightest(0),
_highest(0),
inner_mp(0),
broker_mp(0),
intrabarpersist mp_diff(false),
intrabarpersist mp_diff_time_start(0),
intrabarpersist mp_corrected(false),
intrabarpersist mp_corrected_time_start(0),
intrabarpersist place_correction_marketorder(false),
intrabarpersist _get_tick_count(0),
intrabarpersist _exit_price(0),
correct_contracts(0),
is_buy(false),
is_entry(true);
if getappinfo(airealtimecalc) = 1 and getappinfo(aistrategyauto) = 1 then begin
once begin
print( text_setstyle(textID, 1, 0) );
diff_state += text(TimeOutMS*.001, " seconds.");
end;
inner_mp = currentcontracts*marketposition;
broker_mp = MarketPosition_at_Broker;
_rightest = getappinfo(airightdispdatetime);
_highest = getappinfo(aihighestdispvalue);
text_setlocation_s(
textID,
juliantodate(_rightest),
datetime2eltime_s(_rightest),
_highest
);
if broker_mp <> inner_mp then begin
_get_tick_count = GetTickCount ;
// market position differs state
if not mp_diff and not mp_corrected then begin
mp_diff = true;
mp_diff_time_start = _get_tick_count ;
text_setstring(textID, diff_state);
end;
// enter correction state after TimeOut
if mp_diff and not mp_corrected then begin
_exit_price = c; // assume that position can closed at close price
if _get_tick_count - mp_diff_time_start > TimeOutMS then begin
place_correction_marketorder = true ;
mp_corrected = true ;
mp_corrected_time_start = _get_tick_count ;
end;
end;
// correction state
if mp_corrected then begin
if _get_tick_count - mp_corrected_time_start > LatencyMS then begin
mp_corrected_time_start = _get_tick_count ;
mp_diff = false;
mp_corrected = false;
end;
end;
// place correction order
if place_correction_marketorder then begin
place_correction_marketorder = false ;
if 0 <> broker_mp then _exit_price = AvgEntryPrice_at_Broker;
ChangeMarketPosition(broker_mp - inner_mp, _exit_price, "Sync Order");
end;
end
else begin
text_setstring(textID, sync_state);
mp_corrected = false ;
mp_diff = false;
end;
end; // is real time and strategy auto
/////////////////////////////// below code for bracket trading ////////////////////////////
//Exit
input:los(20),pft(20);
if marketposition=1 then begin
setstoploss_pt(los);
setprofittarget_pt(pft);
end;
if marketposition=-1 then begin
setstoploss_pt(los);
setprofittarget_pt(pft);
end;
Mark - did you trace the code using PRINT statements ?
"freaks out" - exactly what was the behavior ?
so it's not handling any orders beyond a 1 lot - says order type or something invalid.