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Multicharts User Thread
- Thread starter GaryN
- Start date
Quote from risktaker:
Anyone know if MC can chart spreads or synthetic symbols?
Yes. it is quite simple. All you need is to insert two data streams, set them hidden and insert an indicator that has the following statements.
Plot1(Openof data1- Open of data2);
Plot2(High of data1- High of data2);
Plot3(Low of data1- Low of data2);
Plot4(Close of data1- Close of data2);
Such a script will show a spread that looks like a regular chart.
Hey Andrew,
I use a fair number of rotational strategies where there isn't a classic buy or sell signal - rather, there is just a max number of positions and a ranking methodology for those symbols - the classic would be "buy the top five stocks based on a ranking of RSI". Can MC do this kind of thing?
The other thing I use a lot is calculations such as the % of stocks above/below their 50 day moving average. Can MC calculate these kind of statistics if given a portfolio of stocks/instruments?
Thanks!
I use a fair number of rotational strategies where there isn't a classic buy or sell signal - rather, there is just a max number of positions and a ranking methodology for those symbols - the classic would be "buy the top five stocks based on a ranking of RSI". Can MC do this kind of thing?
The other thing I use a lot is calculations such as the % of stocks above/below their 50 day moving average. Can MC calculate these kind of statistics if given a portfolio of stocks/instruments?
Thanks!
Hi All,
Thanks for a good thread thus far. I would like some input on my current situation. I am a fed-up TradeStation user - I love the software for backtesting but that is it... their brokerage sucks - I can go on and on about the problems I've had with them - perhaps most annoying is the 1% they pay on my account balance (I have a large account that is in cash at end of day so 1% versus IB's >2% adds up to a good chunk). Also their commissions suck which add up to a much more significant chunk. Anyhow, the comissions and interest paid wouldn't be such an issue with me if I was getting superior service, which I'm not with TS. Sorry for the rant, point being I am, sooner rather than later, going to switch all my accounts to IB and I am looking into using Multicharts to do my automated trading.
I currently have an Financial Advisor account with IB that has multiple client accounts in which I place manual orders, hence the goal is to have my Tradestation (Automated) account moved to IB to essentially become another client account under IB's FA account structure. I want to autotrade this account as well as the other accounts using my strats ported over from TradeStation. Is anyone here doing this??? What are your experiences autotrading using IB w/Multicharts??? I recently asked multicharts if they would allow me to autotrade several accounts using MC and they said I had to buy additional licenses for each account... can I send signals to the top level FA account and have IB distribute them to all the clients accounts? - I'm not going to purchase a dozen or more Multichart licenses... that is just stupid.
Anyhow, I'd like to know the good, bad and the ugly of autotrading Multicharts with IB... If it's of any use, I run strats that require 5 min resolution at best (no sub minute high frequency stuff). Should I stick with TradeStation?? I can stomach TS until something better comes along, but, is MC + IB it?
Thanks in advance.
Mike
Thanks for a good thread thus far. I would like some input on my current situation. I am a fed-up TradeStation user - I love the software for backtesting but that is it... their brokerage sucks - I can go on and on about the problems I've had with them - perhaps most annoying is the 1% they pay on my account balance (I have a large account that is in cash at end of day so 1% versus IB's >2% adds up to a good chunk). Also their commissions suck which add up to a much more significant chunk. Anyhow, the comissions and interest paid wouldn't be such an issue with me if I was getting superior service, which I'm not with TS. Sorry for the rant, point being I am, sooner rather than later, going to switch all my accounts to IB and I am looking into using Multicharts to do my automated trading.
I currently have an Financial Advisor account with IB that has multiple client accounts in which I place manual orders, hence the goal is to have my Tradestation (Automated) account moved to IB to essentially become another client account under IB's FA account structure. I want to autotrade this account as well as the other accounts using my strats ported over from TradeStation. Is anyone here doing this??? What are your experiences autotrading using IB w/Multicharts??? I recently asked multicharts if they would allow me to autotrade several accounts using MC and they said I had to buy additional licenses for each account... can I send signals to the top level FA account and have IB distribute them to all the clients accounts? - I'm not going to purchase a dozen or more Multichart licenses... that is just stupid.
Anyhow, I'd like to know the good, bad and the ugly of autotrading Multicharts with IB... If it's of any use, I run strats that require 5 min resolution at best (no sub minute high frequency stuff). Should I stick with TradeStation?? I can stomach TS until something better comes along, but, is MC + IB it?
Thanks in advance.
Mike
If "buy the top five stocks based on a ranking of RSI" is your entry/exit condition then it is not supported, because we need to compare all RSI values for all symbols/each bar to close/initiate a position.I use a fair number of rotational strategies where there isn't a classic buy or sell signal - rather, there is just a max number of positions and a ranking methodology for those symbols - the classic would be "buy the top five stocks based on a ranking of RSI". Can MC do this kind of thing?
However if your strategy has some basic rules and RSI criterion is required to prioritize symbols
MultiCharts Portfolio Backtester will work for you.
It has a function that allows you to specify priorities. So you can use statement like this
PortfolioEntriesPriority=100-RSI;
It means that stocks with the highest RSI value will be selected first. You can specify capital limitations that eventually lead to number of simultaneously opened positions. We donât think that idea of âmax number of open positionsâ makes sense, because in reality you care about your capital, not number of positions.
Example
Assign higher execution priority to entry orders for symbols with lower share prices:
PortfolioEntriesPriority=(-Close);
The other thing I use a lot is calculations such as the % of stocks above/below their 50 day moving average. Can MC calculate these kind of statistics if given a portfolio of stocks/instruments?
I think it is more scanner feature rather than portfolio back testing, because it implies sorting. We are going to add it in the neatest future.
Correct me if Iâm wrong.
From what i see in the tssupport forum,
i noticed Multicharts cannot plot Yen futures since it cannot handle the decimal places
It is wrong understanding. MultiCharts plots decimal values properly.
Yes MulitCharts doesnât support fractional prices, but it will be available soon.Multicharts cannot plot Treasury Futures in Fractional form.
I had run into a problem during the purchase of a lifetime license of Multicharts through the online sales.
I contacted the tss support staff regarding this issue and it was immediately resolved with the highest regard for the customer.
This is a company I look forward to in their continued development of a great software and above all. . . knowing how to treat a customer and placing the needs of such, a priority.
Excellent customer service.
I contacted the tss support staff regarding this issue and it was immediately resolved with the highest regard for the customer.
This is a company I look forward to in their continued development of a great software and above all. . . knowing how to treat a customer and placing the needs of such, a priority.
Excellent customer service.
I, and am sure many others, complain about customer service, justifiably so in many cases.
However, I want to thank the staff of Multicharts for their prompt response to my queries. I inquired about the lifetime license and received a reply in about 20 minutes.
I needed to retrieve my login information for the forum - I asked support and got a reply in about 30 minutes.
Multicharts version 3 represents a significant improvement over previous versions. I recommed this sofware.
Regards,
Jahajee
However, I want to thank the staff of Multicharts for their prompt response to my queries. I inquired about the lifetime license and received a reply in about 20 minutes.
I needed to retrieve my login information for the forum - I asked support and got a reply in about 30 minutes.
Multicharts version 3 represents a significant improvement over previous versions. I recommed this sofware.
Regards,
Jahajee