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What do you think of this aglo software
- Thread starter DavidCM
- Start date
Quote from Humpy:
My Multicharts was purchased after two quarterly subscription periods and two trial versions after I switched hard-drives.
I am excited about the software, but I have some very unique problems with the platform that Multicharts can and, in some cases, cannot reproduce:
1)My Multicharts does not save my signals or indicators. This is bizarre! I don't know what kind of stupid programmer they had working on this, but I know I'm one of the only ones that has this problem. I have to save my code to word docs, then paste them in every time I start a new session. This sucks! I'm concerned that it won't be possible to ever expect that I won't have to add my strategies, signals, and indicators until they realize that this is one of the stupidest errors I've ever seen in any program. This error is pathetic. It means each time I have to edit code, I must save it to word doc or else risk losing my work and even though I save the files in Multicharts, Multicharts does not save anything I save. Again, it's bizzarre!
2) I've had difficulty getting Multicharts to connect to PFG Best recently, and as I'd been planning to compete in the World Cup Trading Championships with this software, the experience has not been good in 2012. Basically I have to go to chat every day in the morning just to be able to trick Multicharts into connecting with my broker. This problem appeared in Version 7.4.4906 and is completely unstable. When it does connect, the connection is intermittent with sometimes up to two minutes between connection, disconnection, and re-connection. I've been very patient with this company about their issues, but the first two have been the cause of nearly all of my dissatisfaction.
3) Specifically trailing stop logic code has a bug in it, and this caused stop orders to be sent above market, running in a string of rejected orders sometimes lasting over 30 minutes with 100's of orders transmitted and immediately rejected. I almost lost trading priveleges at the exchange with this error, as it took up way too much bandwidth and in the new version, I expected that to be fixed, but I don't use trailing stops anymore because the backtesting, even with look-inside-bar, does not produce dissimilar results, and is also another bug.
4) The Genetic Optimization Algorithm built-into Multicharts is top notch, and the way I use it is to start with a range of values, and narrow it down to a small enough range
etc etc etc
Have they suddenly improved ?
1) Make sure that you have administrator rights on your machine and that you run MultiCharts and all its components as administrator. If the problem persist, contact MultiCharts support directly.
2) All PFG connectivity issues have been fixed in MultiCharts 8.0 Beta 1 with the latest PFG update. Contact MC directly to get this version.
3) Are you referring to auto trading? What broker do you use? If the problem persists, contact MC directly through live chat.
Quote from DavidCM:
http://www.cyanspring.com.
My trading department is trying to reduce cost by automating some single stock trading to an algo system. We might start some index arbitrage business in the second half year as well.
You think trading is like an assembly line?
get rid of the traders and use machines?
Listen, if your traders are losing money, machines won't save you. Everybody is using machines these days, and trading is a zero-sum game.
Now go figure what that means.
What are you looking for the algo to do?
Simply execute orders (aka vwap or the like) or do you want to be able to program extensive logic into the system?
For basic order types many platforms have algos built in that can handle the execution using many different methods.
If you are looking to program custom algo rules that can get quite complicated and costly, both in terms of software and testing on live data trading (which always tends to find bugs that "non-live" never had).
Simply execute orders (aka vwap or the like) or do you want to be able to program extensive logic into the system?
For basic order types many platforms have algos built in that can handle the execution using many different methods.
If you are looking to program custom algo rules that can get quite complicated and costly, both in terms of software and testing on live data trading (which always tends to find bugs that "non-live" never had).