I found out from another forum that DLPAL S offers unlimited free EL strategy code for two months. The code works in MC7. This is a nice tool for anyone interested in price pattern strategies.http://www.priceactionlab.com/Demo/demo.html.

If there are enough users of PAL or DLPAL http://bit.ly/1UvbFQx in this forum that use the EL code with MultiCharts and there is enough interest I would like to start a Google group where we can discuss in more detail functionality and software use rather than doing that in other forums. I have alre...

Alex, I hope you're still around and doing well. It's been two years already, time flies. Your help in using PAL was invaluable. I've done well. I'm now using the DLPAL version with success. I've started testing simple ML models taking advantage of new functionality but my Python skills are not at s...

Thank you Alex. I'm trying to catch up with Price Action Lab new version and when I'm ready I'll ask you for some help with using Codesmith generator to create systems in MC from PAL output. This route sounds quite interesting. One last thing: In trying to deal with the random patterns I look for la...

There are many ways to use PAL but it depends on your trading style and what you want to achieve. I use it on intraday data which is not the way Mike Harris recommends. It also depends on how many systems you intend to build and manage When I first got my license I used the scan function and that w...

Are you using the new code generation tool that was released for PAL this week or the standard one? Thanks. I am using the new tool. I had a license in the past that expired and when I inquired to renew it I was offered that in exchange for providing some feedback. I'm not an expert coder and this ...

Has anyone noticed discrepancies in backtesting results between EL code running in MC and other popular backtesting platforms? I was evaluating a new system code generator from Price Action Lab and I noticed slight differences between the EL code results running in MC with that running on another po...

Thanks guys. I tried market position and it doesn't works. I also tried something along the lines suggested by Hughes and it seems to work:

Thanks but this is also happening when the system is flat, MP=0. Then I get both a short and a long at the same time. I would like to get rid off those redundant signals from backtest.

How to get rid off simultaneous long/short signals on the same bar (at open or close)? These should normally cancel out. is there a setting or should it be done with code? My strategy generates occasionally both long and short at the same time. Thanks in advance.

Any feedback from anyone about this program from www.priceactionlab.com that generates EL pattern code?

I bet this has been answered many times but does the .net version workj with EL compatible script? If not, any converters around?

Hello Mohi,

We are already working on a built-in simulator. It will be available in one of the future versions of MultiCharts. No exact date tyet.

This is something I am looking forward to.

Hi,

Does anyone run MC on Windows 8? How is it working? Due to some reason, I have to update my system to Windows 8 and I'm worried about the potential compatibility issues.

Thanks

Hi jzshen, I am curious if the upgrade worked fine because I am about to do the same.

Joe

Does anyone have any experience using Price Action Lab software that automates finding profitable trading strategies, as well as writing the code for you.

http://www.priceactionlab.com/


Any feed backwould be GReat!!

Thanks

Iceman

Hi Iceman, have you worked with this program?

Joe

Can someone who is an EL expert explain this code to me? vars: Pips(MinMove/PriceScale *10); setstopcontract; if c[0] < l[2] then Sell Short this Bar at close; setstoploss (Pips*20); setprofittarget (Pips*10); Specifically, I do not understand this part: Pips(MinMove/PriceScale *10) why is PriceScal...