MultiCharts: Trading Software for Automated Trading and Backtesting

moses

I am not using IOG (but I am using bar magnifier) - but even on a daily data test that enters only on the close of the bar, the difference in calculation time between using bar magnifier and not using it, is huge. What I am saying is, the program should only use the bar magnifier data on the exits, ...

moses

I think I didn't explain well. What I am saying is that a test on, say, daily data (with 'use bar magnifier' ON to 1 minute) should look for entries using ONLY the daily data if that is all that is needed, and use the 1-minute data only when necessary, eg for exits. The times of my tests show that w...

moses

Hello, I have the following observation: Let's say I am performing a backtest on daily data for the past 10 years, and the strategy returns 100 trades. This takes less than 2 seconds for my PC to compute. Now, if I check the 'use bar magnifier' (1 minute data), the test takes much longer to complete...

moses

Hello everyone, I'd greatly appreciate any help you could give me with this - I need to find the day's ATR (using easylanguage), but I need to do it on the 5-minute chart. As background (and in case anyone has any other ideas on how to solve it), my problem is that I have a daily FX strategy, but my...

moses

Gargoyle, I am with you fully! I was manually executing an order last night when IB was down!

But what can MC do to fix IB's connectivity issues?

moses

I haven't tried the software solution that is used as an add-on to the main IB TWS software. My thought process was that I didn't want to trust my job to a program that is not well known and documented - of course, this may just be an excuse because my brain begins to hurt when things become more co...

moses

wow, took me ages to go through this thread.. I can understand the frustration, it took me a while also to understand things, accept that compromises must be made, and pick a solution and move on. I have been a professional purely mechanical FX trader since last year, so maybe this feedback could be...

moses

Thanks Andrew.

The problem is that this seems like a dead-end.
How can I then turn a limit order into a market order when the market is moving away from me, like in the example I gave?

moses

Andrew, I refer to your first answer above in which you note: QUOTE The Unfilled Strategy Order Replacement works if current price touches or crosses your limit order price, only then the 20 seconds countdown starts. If the market price has never reached or crosses your entry limit order, it will no...

moses

Thanks Andrew, I think I will figure it out. I have one more simple question, please. My strategy says: myentryprice = close; Buy xxx contracts next bar at myentryprice limit; My question is, is myentryprice always the close on the chart, or it can be the close of the broker data if I use the Get Re...

moses

Hello, I am trying to achieve the following without success: a - using an automated strategy on a 4-hour chart b - i want to enter a position on the close of the bar by using a limit order c - and if my limit order is not filled, I want my order to become a market order in, say, 20 seconds so I can ...

moses

Can MC please give us some feedback on this important feature that is missing?

Thanks

moses

Hi all, I am copying a quick correspondence I had with Interactive Brokers yesterday, in case it's useful to someone else having the same issue. I will ask IB this question tonight, but in case anyone knows already, please help! Is there any way for me to be notified by email (I am using Windows 7, ...

moses

Some notes on testing the USD/JPY pair.. The same observations apply, as with the EUR/USD above. Commissions and slippage are correct. A practical issue would be how to make your strategy calculate the correct position sizing in USD. In my case, my strategy risks, say 1% of my equity. This is coded ...

moses

In case some other beginner soul is tortured to understand how things work, here's some discoveries I am making as I test one thing at a time... I am also hoping to make things clear in my mind, as I write them down.. Please, anyone who knows the answers (someone from MC maybe?), do confirm or kindl...

moses

I found a solution.. I am now using a different trading platform to test my FX pairs that don't have USD as the quote currency. It understands the currencies used automatically, and even gives you the option to choose the display currency for your results. MC, please take note and improve this for us!

moses

Just got the answer from live chat, if someone is interested. Forex pairs show their results in the secondary currency always. So my USD/JPY strategy will show the P&L results in JPY! An extremely crude way to 'fix' this is to go the Settings button on the actual strategy report, Display, and change...

moses

Hi again, I feel stupid, but the solution proposed by TJ doesn't work now! When I tried it the first time, it seemed to work, but not any more! So allow me to ask again: I am backtesting the USD/JPY, and the strategy results seem to be in JPY. I changed my preferences currency to USD, as suggested b...

moses

Thanks! That was much easier than expected!

moses

Hi, could anyone please enlighten me on what I am doing wrong? I am backtesting the USD-JPY pair, and I have two problems, that I guess are related: 1. my easy language code doesn't give me the correct position size (in contrast to the same code used for an EUR/USD strategy). 2. the strategy results...

moses

Hi, I am testing auto trading on MC with Interactive Brokers, and I have the following small issue. I am using 4 different strategies, and I have 4 charts open, 1 for each strategy (signal). If 2 strategies are in a trade at the same time (say, long the EUR/USD): a. all 4 charts show the exit points...

moses

Hello, on this page: https://www.multicharts.com/trading-software/index.php/Interactive_Brokers_Broker_Profile it is mentioned that: " Overfill Protection: Turn on to send only one order of an OCO group to the exchange. Other orders of this OCO groups will be held and monitored in TWS. If this optio...

moses

{Have you followed the steps described in the article?} I think I did! {What is the exact version and build number of MultiCharts you are running?} Multicharts 64, Version 8.5, Build 6851 Which registry key have you modified? Please provide the full path to it.} HKEY_LOCAL_MACHINE\SOFTWARE\TS Suppor...

moses

Henry, thank you for the instructions. I must be missing something basic.. I change the path to: C:\Users\Workstation\My Documents\Trading\MC\Studies\ but it doesn't work.. it keeps saving to its default folder. Then I change it to: C:\Users\Workstation\Documents\Trading\MC\Studies\ and it still doe...

moses

Hi,

I'm wondering whether I can change the default save folder for my studies that I create in PowerLanguage editor.

Thanks a lot
moses

moses

Thank you Andrew.

I have the read the article in the wiki, many times!

I will go through your suggestions, and hopefully I won't have to return for more!

Thanks again
moses

moses

Hi Andrew, thank you for assisting me.

Yes, my goal is to have those 4 separate charts auto trading independently from each other.

moses

Hi, I am trying to arrange the following auto-trading setup, and I need any advice offered on whether I should be using synchronous or asynchronous mode in auto trading. a. 4 strategies, all of them trading only the EUR/USD pair. b. the first strategy is long on a 1-hr chart, the second strategy is ...

moses

Henry, thanks a lot for the fast and informative reply. I'm sure I would have to spend a few more weeks to understand by myself all of these points you mention below! To answer your questions, I am indeed planning to use multiple strategies on the same symbol, and I would like my setup to manage the...

moses

After devising a couple of hourly mechanical strategies on the EUR/USD pair, I am now planning to start autotrading them on Multicharts, using Interactive Brokers as the broker (and TS as the data feed). I have a few questions to point me to the right direction, I would really appreciate anyone's fe...

moses

Just bumping this thread in confirmation of its major significance.

Please vote in both project management entries (posted in this thread), hopefully MC will give this issue the top priority it deserves. Portfolio backtester is currently a car with two wheels.

moses

Josh, I can't seem to find a reserved word 'daysPassed'..?

Help!?

moses

Thank you Henry.
I think it would be very useful if a dedicated word could be created for this purpose, in a future release of MC.

Andreas

moses

Hi all, I'm trying to find a way to do the following but I am stuck - any ideas? I need to devise some code to backtest in my portfolio-level strategy (daily bars for many equity symbols at the same time): if somecondition = true then do not trade any of the symbols for the next 20 days Thanks for a...

moses

Hi Henry, I am not sure I get it. If I write: PortfolioEntriesPriority = close; this means that the code will give priority to the equities with the highest closing price. But what if I have two signals running and they both enter trades at the end of the day. I want to give priority to signal 1, ir...

moses

Thank you Henry, I am looking forward to MC9 for this very useful new functionality. As regards priority of strategies, I am looking for a way for Portfolio backtester to give priority to one strategy when comparing multiple strategies, not priority to trades of the same strategy. Is there a way to ...

moses

I'll try and find it Lindy.

moses

Yeah, it's a known thing. I don't even dare say "issue" because when I came across this problem, the general reaction from the TS (back then I used to work with TS) forums was "that's how it works, live with it." Just be careful not to forget it, it will waste time and create mistakes, as I am sure ...

moses

Hello Multicharts! I am trying to create some risk management and money management rules in PowerLanguage, using the Portfolio Strategy functions, but I can't get things to work properly. Given that these functions are exclusive to Multicharts and that there doesn't seem to be any guidance material ...

moses

Thank you TJ. I think my puzzle becomes more tricky because of the following: my strategy is a trend-following strategy that keeps positions open for weeks. Maybe this is not really important, because I could say to my counter "if you are higher than yesterday's value (meaning that a new trade has b...

moses

Hi again,

I have not managed to think of a way to do what I need.
Any ideas, anyone?

Thank you
moses

moses

Like a 'for' counter? Yes!

moses

Hi,

I am looking for a way to program powerlanguage in order to only enter one trade per day, when I run the strategy in portfolio backtester, on multiple equities.

Can anyone help?

Thanks a lot
moses

moses

Hi all, I would be grateful if Multicharts and any MC users could give some guidelines and their own experiences on setting up a new trading PC. I've seen similar threads but they were posted 2 years ago so an updated thread could benefit a lot of us. Some basic questions: 1. Is it recommended to us...

moses

Dru, thanks again for the code.
Please let me ask. where did you find the 'aiisportfoliomode' word? I searched all the MC help files, wikis etc etc, and I can't find it anywhere!

I am wondering if there is an updated manual or something, that I am not aware of.

Take care
Andreas

moses

Thank you for the feedback Dave.

I'd love to hear any views from MC users about their choice of data feed provider, especially if you are an equity trader.

moses

Thanks a lot!
Will try it tonight!

Andreas

moses

I am using the "Portfolio_OpenPositionProfit" function in my signals, which can only be used in the portfolio backtester. As to be expected, when I insert my signal on a chart, I get an error. Has anyone found a way to make such signals work in a chart, e.g. with an íf' statement that can understand...

moses

Hi, I'd like to check with MC and with other users, about their opinion on which data feed provider is the best (or good enough, based on your experience!) for equities. I am currently using TS, and I note here my issues/wishlist: Good: 1. Once you find the symbols you need and import them in MC Quo...

moses

??!!

now i feel even stupider than i normally do..

moses

??!! I've been frustrated all day trying to figure out what was wrong with my code! Obviously easylanguage and powerlanguage are not the same! Is there any reason at all that 'ticks' means 'volume', and 'volume' means 'up volume' in Multicharts? I almost cannot believe this - MC, you need to create ...

moses

Thank you Andrew.

moses

Thanks for the fast reply Andrew. I do know the specific dates, but even if I put them in the script, it seems to me that the portfolio backtester still loads ALL the data in the range that you have to put in the program's tab. So, if for example I need to test the dates 1st Jan 2009, 1st Jan 2010 a...

moses

Hi, I'm testing an intraday strategy in the portfolio backtester, using the 500 symbols of the S&P500, for the period 2009-2012. The portfolio backtester takes a long time (more than an hour) to load all this data (from my local database), and the actual backest takes only a few seconds, because the...

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