I have been registered user for about 6 months but am just now getting into it. While I used MC in past, I am coming back in anew. Can I backtest strategies on the following and what are the limitations?
1. Order flow based strategies that use sign of orders. Can I access this in Powerlanguage? What datafeed do I need to test properly and how far back can I get? Also, something like volume only execute a stop loss if > x contracts trade. Can I backtest this?
2. Volume profile/market profile information for strategies?
3. Is it possible to backtest news strategies over reasonable history? Any news providers can be used for actual backtesting/not forward testing?
4. Order book strategies-- is it possible to incorporate the order book such as buy market only when bid size > offer size?
5. Backtesting on non time bars? What are the limitations?
New to MC: How or Can I Do Following?
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Re: New to MC: How or Can I Do Following?
I don't understand this: "sign of orders". What is it ?1. Order flow based strategies that use sign of orders. Can I access this in Powerlanguage? What datafeed do I need to test properly and how far back can I get? Also, something like volume only execute a stop loss if > x contracts trade. Can I backtest this?
I don't understand this: "something like volume only execute a stop loss if > x contracts trade."
I don't believe there is an Easy Language function to access the elements of market profile.2. Volume profile/market profile information for strategies?
Great idea however.
There is no Easy Language function to access News Feeds. You'll have to create your own news feed indicator by interpreting the news and converting it to numbers.3. Is it possible to backtest news strategies over reasonable history? Any news providers can be used for actual backtesting/not forward testing?
Yes, there are functions for that: InsideBid, Inside Ask4. Order book strategies-- is it possible to incorporate the order book such as buy market only when bid size > offer size?
Yes. No limitations AFAIK.5. Backtesting on non time bars? What are the limitations?
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Re: New to MC: How or Can I Do Following?
Hello tpredictor,
You may want to look into our Wiki resource for the detailed guides.
You can check the following articles:
https://www.multicharts.com/trading-sof ... me_Profile
https://www.multicharts.com/trading-sof ... acktesting
https://www.multicharts.com/trading-sof ... acktesting
You may want to look into our Wiki resource for the detailed guides.
You can check the following articles:
https://www.multicharts.com/trading-sof ... me_Profile
https://www.multicharts.com/trading-sof ... acktesting
https://www.multicharts.com/trading-sof ... acktesting
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Re: New to MC: How or Can I Do Following?
Is there any way to access the imbalance delta bar data in Powerlanguage? I see it is possible in .NET version. If it is not possible today, are there plans to add it?