MultiCharts: Trading Software for Automated Trading and Backtesting

khalaad

I'm going to have to wait, backfilling isn't working for me yet. Glad your moving past this Khalaad! Oh Dear! If still not backfilling, please try this: 1- Open a new separate chart Build from Minutes ; 15 days back, in addition to your main decision-making chart. 2- Refresh the new 15 days back ch...

khalaad

Backfill retrieving data 24 November to date

khalaad

Support is closed, I have a 1 week gap in my charts 11/24/2020 to 12/2, 1440 minute charts Anybody have any idea how to force download of data? I tried to: 1) change the date to display 11/24 to today---> got the same chart no changes and no attempt to download in the quotemanger 2) tried reloading...

khalaad

Don't remember a single instance of compile error line 0, column 0 with MultiCharts 11

No so with MultiCharts 12 64-bit Release Version: 12.0.16868

Khalid

khalaad

. . .

By the way, I attempted a feature request, but could not log in
Khalid

The project management is a separate program;
you need to create an account before you can login.

Thank you, TJ.
Once upon a time, I could login but that was a few years ago

Khalid

khalaad

ETFs have been around in Canada since 1990, and the US since 1993; I wonder why MultiCharts no ETF provision in the instrument(s) category

By the way, I attempted a feature request, but could not log in

Khalid

khalaad

SQN® is, indeed, a very valuable metric but, because it punishes upside volatility, its appeal is limited in many instances. Another metric with many of the same advantages, but which does not punish upside volatility is R-Multiple: Average Trade / Average Losing Trade in cases where average risk is...

khalaad

Thank you, Anna, for posting a reply. :) I am sorry I have not been able to make much of what you have said; perhaps the stop in question is _Percent Exit Pair which has no Big Point Value in the code. inputs: ProfitTargetPct( 0 ), StopLossPct( .37 ) ; SetStopShare ; if MarketPosition <> 0 then begi...

khalaad

Has anything further been done with respect to using the SQN as a Custom Fitness Value since the last post in this thread? How did the previously posted code work for you? Actually, MultiCharts has had the ability to calculate System Quality Number® for years, if not from the very first version! I ...

khalaad

I cannot get any kind of STOP to work with any strategy when back testing. The attached screenshots show a: • Long only trade becoming a buy and hold; and • Short only trade becoming sell and hold; because stops did not execute. Cannot for the life of me figure out why such is happening; any ideas a...

khalaad

Is it that MultiCharts is not yet smoothly integrated with OANDA data to provide continuous price stream of uniform quality? At times it feels that way! Even though the trading data which in my case comes from a sub-account just about never hiccups, the chart data from the primary account quite oft...

khalaad

When i try to programmatically : sellshort ("L_S_SZ") ToInvest contracts next bar at market; and toinvest is bigger then 65000 then 65000 is being bought. It seems to be an integer. But in currencies at oanda, this is money, not number of contracts...... What can i do. Now it is unusable. I can not...

khalaad

Hello khalaad,

TJ's instructions are correct. Please specify the particular difficulty you have with the data.

Thank you, Henry.

What TJ says is really simple enough for one to do; let me try this again on my own, and if I am still not able to do it, I shall gratefully seek help.

Khalid

khalaad

Please find attached is what the Dictionary Keyword Reference says about Portfolio_InvestedCapital.

Khalid

khalaad

Trading is essentially risk management; therefore, one's answer should be dependent on the what one wants to achieve. For instance, I would use the actual amount of margin money (in your account) for calculating the risk percent per trade. However, the P/L is based on the full value of the underlyi...

khalaad

Is it that MultiCharts is not yet smoothly integrated with OANDA data to provide continuous price stream of uniform quality? At times it feels that way! Even though the trading data which in my case comes from a sub-account just about never hiccups, the chart data from the primary account quite oft...

khalaad

Has anyone else had a similar experience? Is it that MultiCharts is not yet smoothly integrated with OANDA data to provide continuous price stream of uniform quality? At times it feels that way! Even though the trading data which in my case comes from a sub-account just about never hiccups, the cha...

khalaad

Thank you, TJ. Appreciate you sharing your experience. Regrettably, I have so far not been able to replicate your success.

Khalid

khalaad

And attached is a chart of what I consider the mother of all time and price data series: the UK Retail Price Index, going back to 1209; and plotting this without its proper time scale would be a sacrilege. Even though there no data available for much of High Middle Ages, when Europe’s population boo...

khalaad

Any help will be appreciated. The scenario is as below: I use symbol mapping to watch Google stock and trade Google futures. That means I have Google stock on chart but actually my position in broker side is Google futures. if I buy 100 shares@$500 of Google stock on chart. Actually I got long 100 ...

khalaad

Please look up the Knowledgebase here. If you like what you find, you should be one step closer to what you seek.

However, I would like to add an unsolicited comment: Bill Williams stuff is more of a rule-based discretionary thing, and automation may not be the best way to go!

Khalid

khalaad

Hello khalaad, You can import weekly/monthly data as daily data and them plot it on a chart. Yes, Henry, one could do as you suggest; but doing so would only make sense with a very limited number of data series where the time element -- and hence the time scale on chart -- is of no great consequenc...

khalaad

Quote are usually sent by dataproviders in 3 formats -- tick, minute, and daily. MultiCharts builds your desired resolution on-the-fly from these data. There is no need to save your quotes in other resolutions. Indeed, TJ; what you say about quotes from data providers is true. Is there any way of i...

khalaad

Weekly and monthly are considered "Lower Resolution" than daily.

Understood; thank you.

Apologies for the wrong use. I would have preferred granularity, but since QuoteManager uses Resolution, I opted for it!

Khalid

khalaad

Weekly and Monthly, for instance. I understand, Day, Minute, and Tick granularities are already facilitated.

Khalid

khalaad

Is there any way of importing data of higher resolution than 'Daily' into QuoteManager; other than a feature request?!

Khalid

khalaad

Where ignorance is bliss, 'tis folly to be wise.

Khalid

khalaad

I do not know what is your definition of a highly envolved automatic trader but I had my first trading strategy code written in 1986-87 in Santa Cruz Operation (SCO) Xenix. Khalid I am talking about your MultiCharts Spot Forex automatical trading envolvement, on small ticks trading units, 24/7, wit...

khalaad

I do not know what is your definition of a

highly envolved automatic trader

but I had my first trading strategy code written in 1986-87 in Santa Cruz Operation (SCO) Xenix.

Khalid

khalaad

Hey Andrew MultiCharts, do you know, I am not even minimally surprised you liked the last Khalaad post... (#146) Of course, Matricks is supporting it too, and I am waiting for TJ to come to the party as well... Are low exigent and conformist customers the best, aren't they? But what happens with th...

khalaad

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts. Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can ...

khalaad

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts. Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can ...

khalaad

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts. Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can ...

khalaad

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts. Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can ...

khalaad

With all the talk around forex brokers happening in the forums here at the moment, I thought why not revive this old thread ;P (please don't hate me MC staff, love your work ;)) I've revived my Oanda account and will look to use them again (not through MC obviously) but there section within their w...

khalaad

Absolutely true; some are honest, while others are sly. While there is no such thing as a perfect trading software, MultiCharts is now acknowledged amongst the best. I have read a number of reviews by very experienced and highly rated professionals rating MultiCharts better than NT. Similarly IB is...

khalaad

:: ... similar situation with regular 15 minutes daily break, manual restart is needed for MC and this time no 3rd parties softwares are known to exist for trying to facilitate this situation with MC. :: Don't be naive, The hidden truth is... all brokers reboot their computers. Some chose to not te...

khalaad

Technically, it is doable, I think. And although I am not keen on such a thing, a TSSupport approved / supported bridge should help MultiCharts get more customers. I agree, besides being an interesting project it would also benefit the community. Would you be interested in exploring how to create s...

khalaad

What other platforms have you tested that do not have this issue? Let me step on a minefield once again: CrapTrader4 does not need a push start. On several occasions I it has run by itself on a rickety old laptop from Sunday to Friday. But, please beware, it is a crappy software. Khalid I can't tak...

khalaad

What is the typical latency of MT, btw? As I recall, this latency is also dependent on the broker "settings" so to speak. Is that correct? Yes, Correct. The quality of user’s Internet connection is also a factor. In my experience CrapTrader4 fills are almost never before the third tick change after...

khalaad

What other platforms have you tested that do not have this issue?

Let me step on a minefield once again: CrapTrader4 does not need a push start. On several occasions I it has run by itself on a rickety old laptop from Sunday to Friday.

But, please beware, it is a crappy software.

Khalid

khalaad

I wasn't stating opinions, its just how the fx market is built. You do whatever you want with whatever you want and good luck with it!

I do have one opinion: All that matters is that your accounts are in the green

Thank you.

Khalid

khalaad

Interesting. Who are the two data providers? I'm assuming they clear through the same entity. Which would mean that the two data sets come from the same place and should be relatively similar with the exception of broker manipulation. I'm unsure how volume is valid at all in fx.. seeing as there is...

khalaad

Interesting. Who are the two data providers? I'm assuming they clear through the same entity. Which would mean that the two data sets come from the same place and should be relatively similar with the exception of broker manipulation. I'm unsure how volume is valid at all in fx.. seeing as there is...

khalaad

I guess it depends on your broker... Seeing as the volume is specific to only orders cleared through them. And they have the power within the lack of regulations to alter this data to better their bottom line. Well...all my strategies are tested on two different sets/feeds of data, and they do not ...

khalaad

Volume on FX...? Don't do it.

Actually, been doing it very successfully for over 10 years.

If I remember correctly, there was once a time when futures volume for the day was also tick volume; never did any harm either.

Khalid

khalaad

To me it seems Interactive Brokers are a rather self-satisfying feather in MultiCharts cap. And IB, indeed, offers 82 Forex pairs. But the selection of those 82 from a trader's point of view leaves much to be desired. For instance, there is no NZDCAD, but there are 8 KRW pairs! And no ZAR, no TRY. ...

khalaad

I think it all comes down to MC marketing.. If more traders knew about and wanted MC, these brokers would help out with the connection. As a believer in the platform, help out where you can :) Even though at times in the past I have been severely critical of MultiCharts on this forum, my 'help out'...

khalaad

True, but for certain broker connections that is not the case. For instance, OANDA's API is freely available on their website so that more 3rd party software can connect to this broker. So if MultiCharts want, they could. Based on the past discussions on the forum, this is not the lack of effort on...

khalaad

One day, everybody will learn the meaning of "bucket shop". Some will learn it the easy way, some will learn it the hard way, but everybody will learn, it just takes time. Quite right, TJ. However, in the present uncertain times jurisdiction also matters, in my opinion. Given the debacles of the la...

khalaad

One day, everybody will learn the meaning of "bucket shop". Some will learn it the easy way, some will learn it the hard way, but everybody will learn, it just takes time. Quite right, TJ. However, in the present uncertain times jurisdiction also matters, in my opinion. Given the debacles of the la...

khalaad

Gargoyle, Trading is a very personal, and nuanced, activity. Different traders have differing needs. Traders should find “own light” regarding every aspect of trading. Therefore, my sincere advise to you is to please quietly do your exploration and then follow through with whatever you find meeting ...

khalaad

While MultiCharts continue to scale new highs on the technical front, I hope I will be forgiven for expressing my doubts concerning their business acumen. What is their business model... ?? .. Who knows the business relationship between TSS and brokers? What are the demands of the broker to be acce...

khalaad

And that's what worries me to see that since all this time, there is nothing new ... and still no ability to connect MC with a serious forex broker :!: I think MultiCharts would be much better off in the long term to give users the option to create their own connections (instead of charging for tha...

khalaad

Thank you, Josh. You have saved me lot of time and effort. Now I shall have a freer Sunday! :) :) :) That's the problem I think with any attempt by users to add a new broker themselves: this cannot be done without being somewhat of a data manager. For example, an OANDA exchange cannot be added, and ...

khalaad

Now, I shall see if I can somehow connect to OANDA via their new Rest API. Right now I do not even know if this would be possible / practical. Thanks for the kind words. Funny thing, I was also looking at OANDA's new API recently. It looks interesting, but I'm personally not a big fan of using .txt...

khalaad

Sorry, Andy, the first link does not show what you think it shows! Besides, why would you want to send trades from MultiCharts to CrapTrader4 (aka MT) unless you wish to use a MultiCharts functionality which cannot be coded in MQL, or a dll? Why not send orders straight from CrapTrader4? Khalid A M...

khalaad

Hello, we could have 1000s of different new forex brokers if we had a bridge between Multicharts and MT. Because every forex broker has an integration with MT but usually not with Multicharts this would enrich the usability of Multicharts massively. I found some websites, the bridge between Multich...

khalaad

StratMan: From your reply, you are testifying that there is no "gold medalist" in the supported Forex Brokers in Multicharts for automatic trading... Gargoyle, There isn't even a "bronze medalist"! I trade Forex full-time; I am a MultiCharts licensee since 2006. Khalid Thank you for your comments K...

khalaad

Dear MultiCharts support, regard the poor participation about the main issues I tryied to ask for in this topic, I would like to ask you what is your position about this customers request: https://www.multicharts.com/pm/viewissue.php?issue_no=MC-286 and this customer's comment: "It is ridiculous to...

khalaad

StratMan:

From your reply, you are testifying that there is no "gold medalist" in the supported Forex Brokers in Multicharts for automatic trading...

Gargoyle,

There isn't even a "bronze medalist"!

I trade Forex full-time; I am a MultiCharts licensee since 2006.

Khalid

khalaad

Robert Pardo, on page 299 of the second edition in his excellent book, The Evaluation and Optimization of Trading Strategies, writes: How does the Walk-Forward Analysis uncover optimization excesses and statistical failure? The most important way is to determine whether it made a profit in the walk-...

khalaad

Here is the same strategy, same instrument; 4 hour bars.

The results would indicate the IS 800 and OOS 400 bars combination to be better than the IS 400 and OOS 200 bars combination.

Khalid

khalaad

I do not know a lot about the features of various walk forward optimizers, but it would be useful if the planned MultiCharts WFO upgrade would help identify the optimal optimization frequency by finding the best period for strategy re-optimization after testing the a range of combinations of re-opti...

khalaad

Could you post the right version of Wolf Wave please? To the best of my knowledge, a true WolfeWave indocator does not exist; at least not publically for MultiCharts. Go to the WolfeWave Website, and download Seeing the Future . Study it, train your eye. You most probably won't need an indicator. K...

khalaad

Head and Shoulders means different things to different people. If one goes strictly by the definitive Edwards and McGee, then its greatest exponent today is probably Peter Brandt:

http://peterlbrandt.com/

Khalid

khalaad

Hello Khalid, MultiCharts.NET will have the same set of data feeds and brokers, the only difference between the two versions will be the programming language. Please see more information in our blog: https://www.multicharts.com/traders-blog/?p=609#comments Thank you, Dave. I understand MultiCharts ...

khalaad

What is the likelyhood of MultiCharts.NET having a greater number Supported Brokers for Forex trading?

Khalid

khalaad

My experience of the past week promises the rewards will far outweigh the effort.

Khalid

khalaad

More on MAR Ratio, by Joe Ross: I always felt the single most cause for investors pain is unrealistic expectations. Investing/finance is the only field in the world where everyone is a genius. At parties, I don't even tell people what I do. I tell them I'm a bricklayer. If I mention I'm in finance, ...

khalaad

Well, then this should be called MAR Ratio.

http://en.wikipedia.org/wiki/Calmar_ratio

Khalid

khalaad

Would not MultiCharts please care to respond?

I think this is an important matter of allocating a user's dollars on the basis of reports generated by the software.

Thank you.

Khalid

khalaad

A few days ago I ran a portfolio backtest on data starting January 2012. The report returned some astronomical Calmer numbers. I fail to understand this as Calmer Ration requires at least 3 years of data, and a 3.0 Clamer is outstanding. None of the numbers I got were lower than 5. The report is 31M...

khalaad

Yes, that's how it currently is. That's why I asked if this can be changed or if you are not willing to change it. As to my understanding running the two instances on the same computer at the same time is no exploitation, wouldn't you agree? I would! But there seems no support for the idea; even th...

khalaad

Similar things may have been already said, but I wish to reinforce:

• the ability to auto trade DJIA constituents from DJIA chart;
• the ability to auto trade USD pairs from a dollar index chart; or
• the ability to auto trade any constituent of any index from the index chart.

Khalid

khalaad

From a resolute technical trader: wonderful, wonderful, wonderful.

Great risk management tools.

Thank you.

Khalid

khalaad

With the current state of MC, I should at least: (i) have a better selection of forex brokers Bucket Shops are BBook based companies. They don't exist anymore in US, the BBook is forbiden since the rules have changed, only STP hedging is allowed and the "Stupid Hedging capability" offered by MT4 is...

khalaad

With the current state of MC, you should already: (i) be kicking MetaQuotes' asses for at least half a year; (ii) have a queue of tens of prop shops, trading rooms, brokers and bank's dealing rooms paying you to get MC hooked to their Currenexes, FXalls, etc. Will probably never happen! MetaQuotes ...

khalaad

Hello Rookie question I want to draw the dollars Index graph. Where do I get the data? IB is my data provider. I just dont found it. Martin Please take a look at the attached -- collected over the years, but fairly accurate I am sure. You will have to ASCII map it, and update manually. Khalid To Mu...

khalaad

You could design a simple program to find simple patterns. Or, you could research alternative PowerLanguage-based means to duplicate as much as may be possible the signals you get from your method. I do not know how your method works, but hope the following three alternative-way examples may lead to...

khalaad

Good stuff, bowlesj3. However, . . . about computers being used for artificial intelligence and pattern finding and not yet being as good as humans who are good at this task. Why not? In my opinion the answer should depend how one defines “good”. Should “good” mean identifying most patterns on one, ...

khalaad

JoshM has created a Project Management entry here:

https://www.multicharts.com/pm/viewissu ... _no=MC-648

Thank you, Josh.

Please vote for it.

Thank you.

Khalid

khalaad

Fascinating discussion, gentlemen! At the risk of taking the discussion way beyond my knowledge and understanding, herewith a PDF, and a link, on Support Vector Machines. Nothing wrong with dreaming: maybe SVM can faciltate tracking an Edwards and Magee as it morphs into something tradable, and/or p...

khalaad

Gentlemen, It is not my intention to be rude, but understanding the following might just save the $349 the software costs: Ten rules for position sizing: 1. Bet high enough to make meaningful profits when you win. 2. Bet low enough so you are ok financially and psychologically when you lose. 3. If (...

khalaad

ps. You can select what to display on the 3D axis.

Thank you once again.

Yes, the 3D could serve as a substitute. But EXCEL provides greater clarity.

Khalid

khalaad

Thank you, TJ. I greatly appreciate the help. Attached is an optimisation report. Although one of the pink highlighted rows produces highest Net Profit and highest Return on Account, I would be more comfortable selecting one of the GREEN parameters; the pinks being less stable than the green in my o...

khalaad

Have you tried the 3D graphs? It should show you where the hot/cold spots are Thank you, TJ. Looked at the 3D graphics (I think for the first time in more than 5 years!). But they are not quite what I am looking for; let me post an EXCEL file later in the day to illustrate my point. The mention of ...

khalaad

When optimising, I like parameter(s) with similar results around it. For instance, I would like a 10X30 moving average crossover only if 6to14X25to35 crossover results show similar NetProfit , or whatever my selection criteria is. The 10X30 may not show the highest return, but the most stable; the m...

khalaad

The prelim doc was completed and released to BigMike the day it was posted on BMT. You beat us to the punch by posting it here, it was going to be posted by us.

No disregard for BigMike, but the document should have appeared here first!

Khalid

khalaad

Thank you.

This is very good news.

Khalid

khalaad

Great job, Josh!

Thank you so much; there is almost ALWAYS an easier way of doing things.

khalaad

Sadly, this is not yet possible. A feature request for this has already been made - you can add your vote to that: MultiCharts Project Management - Issue MC-510 - For AUTO TRAIDING NEW FUNCTIONS. Thank you koka25 for requesting the much needed feature; thank you JoshM for bringing it to the fore. W...

khalaad

Algyros, If you mean moving aveage on Strategy Performance Report equity curve(s); I do not think this is presently possible. However, one may do this: 1. Add Symbol 'EQUITY' -- Exchange UNDEF, Category Cash, Data Source ASCII Mapping. 2. Compile a .csv file in EXCEL of daily (or any other time peri...

khalaad

Will MC8 be 64 bit ???

Yes.

More here:

http://search.microsoft.com/results.asp ... =Windows+8

Khalid

khalaad

and purchase a 64-bit version of Windows.

Good advise. But when may one expect the 64-bit version of MultiCharts?

About Windows 8, my guess is it shall be available in about a years time.

Khalid

khalaad

The only problem with Windows XP is this: Important notice for users of Windows XP with Service Pack 2 (SP2): The support for your product ended July 13, 2010! To ensure that you will receive all important security updates for Windows you need to upgrade to Windows XP with Service Pack 3 (SP3) or la...

khalaad

Does MC7 run just as well on windows xp professional as on Windows 7?

MultiCharts 6 performed equally well on both; can't think of a reason why there should a difference with MultiCharts 7!

Khalid

khalaad

Josh,

You rekindle the urge to run optimisations!

Khalid

khalaad

Also, is there a limit, with MultiCharts 7, to the amount of memory that can be addressed? Does it make sense to get a machine with 8GB, 12GB or more, or can MultiCharts only use a certain fixed amount of memory? No matter what I do my MultiCharts 7 Beta 5 never uses more than 1.3 GB out of 8 GB me...

khalaad

Live spreads comparison here:
http://www.fxintel.com/#

khalaad

Joerg,

Won't checking the multiple positions option in Strategy Properties serve your purpose?

Khalid

khalaad

First this: I just talked to Divisa USA on the telephone; the representative was certain the API will allow some history data, and therefore, semi-auto/auto systematic trading. Then today this correction via email: Khalid, You were correct. There is no historical data available via the FIX API. Howe...

khalaad

I am using a real time feed with MC and am noticing that I leave the computer for a couple of hours and come back to it noticing that the lastbar on chart does not match the computer clock? It is like that the data feed has been disconnected. Never used TS data, so cannot comment. But with IQFeed, ...

khalaad

Interesting:

http://blogs.reuters.com/emanuelderman/ ... er-part-1/

khalaad

Khalaad - can you add a PM entry with a feature request? Thank you. Done; but the "Issue type" came out as a Bug. Sorry. I just talked to Divisa USA on the telephone; the representative was certain the API will allow some history data, and therefore, semi-auto/auto systematic trading. I know very l...

khalaad

http://idioms.thefreedictionary.com/The ... skin+a+cat

khalaad

However, in either case, the very wording doesn't seem appropriate. My apologies, Stan. But I wrote nothing inappropriate, offensive, or aggresive. Indeed, "there's more than one way to skin a cat" is rather humorous, and simply means there is more than one way to acheive a result. we feel there ar...

khalaad

and also couldn't find what (if any) protection the funds deposited with Divisa have, and so on. At the monent I am still talking to the New Zealand regulators (because RefcoFX still hurts), and doing my homework on the API. New Zealand is cilivised; and customer funds are kep in London. Significan...

khalaad

Josh, Ticks between the click and the fill do not necessarily mean negative slippage. In my opinion if the ticks are not filtered, any delay will result in positive slippage significant number of times. However, if the ticks are filtered, one is likely to get negative slippage overwhelming number of...

khalaad

I couldn't find a source that stated that API access requires a $10k account. Josh, Telephone Divisa USA on 312.789.4750 and ask. Do you currently trade with them Khalaad? Are they 'good'? Not yet, Josh. At the monent I am still talking to the New Zealand regulators (because RefcoFX still hurts), a...

khalaad

Can you elaborate on this? I'm not following what you mean with 'honest' latency, and why this 'should' return positive slippage If there are 3-5 ticks between the order click and the fill at a broker pinging 300ms, I would think this as 'honest' latency. However, if there are 3-5 ticks between the...

khalaad

Divisa Capital e-FX Trading is worth a look.

No-fee API for 10K accounts, direct market access and Currenex data.

New Zealand regulators are even accessable via Skype!

Khalid

khalaad

Latency should not be a problem. From where I am PFG has on average 300ms delay; but even such can be taken care off with some creative order placements. Anyway, honest latency should return positive slippage a significant number of times. Here is what bothers me most: the not-fully-disclosed-upfron...

khalaad

This is a very good news.

Caveat emptor.

khalaad

My experience:

Futures -- excellent;
Forex -- second-rate.

Khalid

I think IQFeed offers a trial.

khalaad

Given up on optimization? Because of the problems with Custom Criteria or the limited Optimization Reports? Josh, Nothing to do with any perceived, or actual, MultiCharts shortcomming. In fact I am very MultiCharts-dependant; I doubt I would have started live systematic trading without MultiChart! ...

khalaad

Josh,

Simply brilliant!

Khalid

khalaad

That would make it not very usable no. As an alternative, you could do a brute force optimization and calculate the SQN for each strategy version, or wouldn't that work in practice? I have given up on optimisation. Instead I kept looking until I found a setting which in forward tests returned avera...

khalaad

This was very kindly written by Chris of ABC Trading: The actual formula (Win Multiple = % of profitable Trades * (Average Winning Trade / Average Losing Trade) would result in a negative value, that's why I changed it to: Win Multiple = % of profitable Trades * (Average Winning Trade / -Average Los...

khalaad

I haven't dabbled with Custom Criteria before (just sort of discovered them since I haven't spend much time optimizing), so perhaps I misunderstand you, but what do you mean with 'more than one Custom Criteria'? Something like optimizing on Sharpe and CPC Index at the same time? How would that look...

khalaad

Josh, I read a brief paragraph about CPC Index in TS Made Easy! by Sunny J. Harris, Bill Cruz. I thought it an improvement on (PercentProfitable)*(AverageWin/AverageLoss) I used to calculate in Excel as a matter of course. Sunny is of the opinion the CPC Index should be greater than 1.2. There shoul...

khalaad

What other features do you think the Performance Reports are missing? It has been a while I have referenced these as nowadays I do most of my strategy analysis in Excel. However, here are a few thoughts: Strategy Optimization Report could (or allow a user to) measure strategy quality on the basis o...

khalaad

Josh, I do not think the drawdown duration is reported in any of the strategy reports; I figure this out from the Equity Curve and / or List of Trades. MultiCharts has made great progress in recent years and has attained the quality level that I think it should be the software of chioce for the reta...

khalaad

Is it possible to place an order via excel? Excel based auto trading is very much possible. I think I read somewhere Interactive Brokers accepts orders out of Excel. Check with them, or Google as there are other options and resources. Here is one: http://www.spreadsheetml.com/automatedstocktradings...

khalaad

Thank you, Josh.

One less chore before the trading day begins!

khalaad

ALWAYS synchorinise with a reliable Internet time server before turning on MultiCharts.

khalaad

This should help:
viewtopic.php?f=1&t=8762

khalaad

Stan, larssan:

Thank you both for a nice tutorial on no-backfill data.

khalaad

Moral imparative that I post this.

Plucked up courage to switch to MultiCharts Version 7.0 Beta 4 (Build 4344) yesterday.

And auto-scalped EURUSD all day; 5-digits PFGBest data.

Everything went smoothly.

khalaad

but that still would not have made a difference,
because my assertion was not a detraction to the need for a flexible decimal system.

Very true.

khalaad

The definition of a pip is NOT the 4th digit after decimal point. I am telling you that the definition of a pip is the smallest quote. TJ, It seems the above are not universally accepted. For instance, per OANDA pip is the 4th digit after decimal point; and pipette is the smallest quote! StratMan, ...

khalaad

Thank you, Stan.

So long as TS Support eye is on the ball.

khalaad

fringe, You are very welcome. Regarding Whenever I format the strategy and change a parameter, it takes a while for the strategy to recalculate. my experience is strategy recalculation is almost instanteous unless one is using Bar Magnifier, or a very large data base. However, I am sure someone with...

khalaad

Deleted voluntarily.

khalaad

What I find frustrating (and worrying) is that no one from TSS has acknowledged that they understand MC7beta is currently unusable for the above category of traders. At one point Andrew marked it as a feature request!!! It is not. At the risk of flogging this to death this is a severe bug that rend...

khalaad

Thank you all for reporting the issue. It will be assigned to a milestone soon.

Stan,

That was 17 days ago. Any progress?

Or should all Forex traders temporarily switch to MT4 when MultiCharts 7 comes out until TS Supports pulls its socks up??!!

khalaad

Here is a visual of Task Manager during optimisation.

khalaad

What do you mean by ''trading system analysis''?

I think how back-tests and optimizations are reported (particularly) needs greater sophistication.

But this should be the subject of a separate thread.

khalaad

I would still assume the worst... Sensible, Stan. I am a discretionary, not systemic, trader. But in recent I have done a bit of research on systematic trading and my finding is slippage should be factored in at 3 times the average spread when running standard back-testing using TRADE prices to ade...

khalaad

Very impressive. Palantir Technologies may be new, but few, if any, can match Thomson Reuter’s ancestry. However, the question remains, what is most important: state of the art trading technology; superb analytics; or money management? Without a doubt, money management is the Holy Grail. Therefore, ...

khalaad

Thank you, Stan.

Quite managable.

khalaad

I have been a MultiCharts user for very nearly 5 years. At times the going was rough; but to its great credit TS Support carried on regardless and has come out a winner. From small beginnings it now has a significant presence. It would be in fitness of things if TS Support forges new partnerships on...

khalaad

PFGBest, Pat Systems, Rithmic are amongst MultiCharts can-auto-trade brokers / platforms; their respective data feeds are also in the supported data feed category. However, they provide no history data; does this mean: • MultiCharts can draw charts from these data feeds as it draws a DDE data feed c...

khalaad

It has been indicated by Oanda that they connected MT4 because of high customer demand, There is no clear and verifiable evidence of MT4 by demand; certainly not on OANDA Forum! My findings are OANDA MT4 is simply a revenue generating machine. Yes the MT4 spreads are exactly the same as OANDA fxTra...

khalaad

Yesterday I was rather careless posting the hightick.com link. http://hightick.com/TS/Functions/Tharp's%20System%20Quality%20Number/index.html describes as SQN = SquareRoot(TotalTrades) * AverageWins / ( StdDev of Wins ) This appears to be an older definition. Van Tharp describes a system’s quality ...

khalaad

Another vote for Chris.

khalaad

SQN is a great basis for position sizing. Being a discreationary trader EXCEL suffices for me, an example of which is attached. (The first week of May has simply been a gift!) As for programming, regretabbly, I do not have the skills; but this may help: http://hightick.com/TS/Functions/Tharp's%20Sys...

khalaad

In my humble opinion only Interactive Brokers, MB Trading, PFG Best, OANDA, Go Markets, and perhaps one or two other (non-bank) retail forex outfits -- Dukascopy amongst them -- even deserve to be called brokers.

Caveat emptor.

khalaad

Maybe if a customer would tell them they would rather use free MultiCharts rather than MT, and the reasons why, maybe they would reconsider. I think the customer would need to be armed with MC - MT comparison to help him / her convince Oanda (and other brokers) of MC's superiority over MT, if this ...

khalaad

Right now OANDA seems to be interested in nothing but MT4.

It will probably take a very large number of MultiCharts users pressing OANDA to make an impact.

In my opinion not worth the bother; OANDA is not the customer-friendly broker it was (this time last year).

khalaad

Thank you, Dave.

But what a rather inconvenient way to get a chart!

khalaad

Will do, and in no uncertain way.

Thank you.

khalaad

I am not sure if I understand you. The quotes are retrieved when you open the chart. Can you elaborate a bit if this is not what you are looking for? In QuoteManager, I enable finance.yahoo.com under Tools > Data Sources > Free Quotes > Settings. Then I manually add symbol GDXJ for Market Vectors J...

khalaad

Please forgive me the dumb question.

But how does one retrieve the free quotes (once a day), anyway?

khalaad

Dear drudominique,

We plan to add Oanda data feed this year (probably). However, we cannot guarantee anything.

Dave,

Any progress?

khalaad

Yes.

Thank you, TIKITRADER; I am having a field day!

And thank you TS Support, and Tresor, geizer, SP, sptrader, yourself, and all user-contributors who assisted TS Support.

khalaad

The following brokers are currently supported through the DOM:

• FXCM
• Interactive Brokers
• MB Trading
• Open E Cry
• PFGBEST
• Patsystems
• Rithmic
• Trading Technologies
• Zen-Fire

More details posted here: https://www.multicharts.com/traders-blog/?p=126

khalaad

Which brokers are on board?
https://www.multicharts.com/trading-sof ... omparison/

Thank you.

But this is a list of features, not listing of brokers willing to accept orders from MultiCharts Discretionary Trader.

khalaad

And any issues with running the licensed MultiCharts and MultiCharts Discretionary Trader on the same computer at the same time?

khalaad

Which brokers are on board?

khalaad

Here is a huge collection:

http://forexforums.dailyfx.com/free-str ... -data.html

Once unzipped, the data may be imported directly.

It is free, and (at lease the majors are) of reasonable quality.

khalaad

Even when a WolfeWave is WEAK it is quite often awesome!

The eminiS&P500 updated.

Khalid

PS -- When it is STRONG, it is quite simply sublime (for the future).

khalaad

However, attached is what may be a WolfeWave.

I say "may be" because the example is NOT a good one; I just thought I should stay with the same chart.

Khalid

khalaad

Most certainly.

Inserted on the attached eminiS&P500 chart, the code produced an illustration violating more than one WolfeWave rules.

For rules, it is best to refer to the discoverer of WolfeWave, Bill Wolfe; attached are the basic RULES from http://www.wolfewave.com

eminiS&P500.png: (50.25 KiB) Downloaded 3071 times

khalaad

BEWARE!

Whatever the code plots, it does NOT plot WolfeWave!!

WolfeWave is sublime!

This is rather INELIGANT!!

khalaad

Thank you, Nick.

And your point is also valid:

a tick saved is a tick earned -- after all trading is a business.

Sadly most traders are inclined to look for this not by disciplined application but through external aids.

Khalid

khalaad

Nothing wrong with wanting to save a tick.

But I wonder how many zen-fire adherents realise what makes one a successful trader is

proper money and trade management

not ticks saving!

Khalid

khalaad

Trademanager promise

Trademanager will be developed by the end of this year.

here

http://forum.tssupport.com/viewtopic.ph ... ademanager

Khalid

khalaad

Pablo,

Somewhere -- I can't quite locate right mow -- on these pages is TS Support assurance that trademanager features will be part of MultiCharts before 2008 ends!

Khalid

khalaad

I am excited because in my opinion until Beta 5.0.1737.201 MultiCharts 2.1 .999.999 was the best MultiCharts version!

Khalid

khalaad

So sad.

Specially because Beta 5.0.1737.201 is a good product.

Marina,

Why not fix this immediately?

Khalid

khalaad

Nick, I am happy with Beta 5.0.1737.201 and recommend it (as the best MultiCharts yet) rather than the Official Release 4.0.1724.400. However, it would be advisable to check it out thoroughly on a second computer to see you also like it before you decide to stop using your currently preferred versio...

khalaad

Marina,

The MultiCharts Beta 5.0.1737.201 is even better than Official Release 4.0.1724.400.

With product development picking up pace,one can look forward to very satisfactory Multicharts sooner rather than later.

Khalid

khalaad

I think the MultiCharts Beta 5.0.1737.201 is even better than Official Release 4.0.1724.400.

And the pace of product development is exceeding expectations.

Khalid

khalaad

I am happy to let other find faults with MultiCharts while I enjoy the new official release.

Khalid

khalaad

Marina,

This is a good one!

Khalid

khalaad

*I wouldn't trade a market where that is even possible.

Quite right.

I was guilty of an understatement.

Khalid

khalaad

So, barring unforeseeable, we should get from here to MultiCharts Gold without too much pain. If the progress between Multicharts 4.0 Beta 2 and Multicharts 4.0 Beta 3 is any guide, we should have the Gold worthy of the name. I think glam_100, Tresor, SUPER and Marina deserve appreciation for their ...

khalaad

When two systems are put on a given chart at the same time they work in tandem; therefore, the P/L will be different if the same two systems are applied saperately to the same chart.

Khalid

khalaad

Lot of traders fret about slippage and look for remedy in the wrong place. Why not trade only liquid instruments? For example, the time of current bar is 11:00 in an one hour chart. If there is no trade price before 12:01, the stop order for 12:00 will not be placed. I wouldn't trade a market where ...

khalaad

If: MultiCharts Gold list of features are posted in the near future and are winsome in comparison to competitive products; there is at least one official release and two or three betas -- and realistic, not rushed, develoment time -- between now and the Gold; assurance of fault-free high-definition...

khalaad

Conclusions: 1. I would really dislike the idea of paying $99 monthly fee for a product the development of which was promised to be discontinued. 2. Let's wait for TSS's proposal on how the new product will be like and what is their proposed pricing policy with regard to this new product. Very vali...

khalaad

For me, and also for many other people around the world, TS is not free, but prohibitively expensive. The world is bigger than North America, Europe and a few other developed countries. However, TS Securities, unlike IB and most of very good and reputable brokers, does not open accounts for people f...

khalaad

If, as many of us wish, MultiCharts is to become one of the all time great analytical software, both TSSupport and the users need to rethink certain issues. One is MultiCharts pricing, which should be reviewed and restructured. glam_100 -- http://forum.tssupport.com/viewtopic.php?t=5484 -- has very ...

khalaad

Sadly, within 17 market days of writing Here are two prediction based on the what I believe to be unmistakable signs: 1. After a rally from around the current levels the Dow is heading for a meltdown which shall make the 1970's look like a picnic party! 2. Inexpensive items -- for instance MultiCha...

khalaad

Tresor,

Some of us sent lots of e-mails to TSS, which proved non-effective.

There is reason to hopeful your very valuable contributions here shall become effective sooner rather than later.

Khalid

khalaad

Drawdown calculations have been fixed.

True.

The Version 4.0 Beta 2 (Build 1573) correctly calculates all drawdowns.

This is very good news.

Anything which helps optimum money management must be applauded.

Khalid

khalaad

The sole purpose of posting problems on this forum is to share them, get feedback, and thus facilitate product improvement. I do not mind criticism, I can handle being proven wrong; this forum has a number of my posts admitting fault. But I have no desire to get entangled with the self-appointed for...

khalaad

In deference to certain wishes I shall not post my comments on the Version 4.0 Beta 2 (Build 1573) Back-Testing Strategy Performance Report here. Instead, I shall send these directly to TS Support. To their credit, TS Support team has at least the courage to listen to criticism and do whatever they ...

khalaad

You have every right to disagree. And I apologise for hurting your sensibilities. But please do not pass judgments without full facts. When I complain, it is only on THIS forum. And only because I want MultiCharts improved. MultiCharts has lots of good things. But these cannot compensate for what is...

khalaad

bowlesj3, Thank you for the tutorial. Open a new chart during the day!!! For me this is too time consuming and would cause missed trades. I would never let this happen. But pray tell me if you have a (favourite) Euro GLOBEX hours chart, but -- being human and living in a time zone 10 hours ahead of ...

khalaad

TJ, Thank you for your kindness. You are quite right it is possible to chart the same instrument in two different sessions. Indeed, if the data feed allows (like mine does) different symbols for monthly contract and continous contract neither of the charts need be 24 hours. I was just foolishly take...

khalaad

Yesterday I got an email reply from Stefan Knittle actually meant for another user. As the issue being discussed was of interest to me, it was after I had read the (very encouraging) reply before I realised the e-mail was actually meant for someone else. Because a number of MultiCharts users are kee...

khalaad

I do not know when MultiCharts started, but if we take July 2005 as the start time; then, regardless of the fact a version is “Beta” or “Official”, TS Support hasn't even got MultiCharts basic charting right in THREE YEARS. This must raise serious questions about: the way they do things; where they ...

khalaad

I do not know when MultiCharts started, but if we take July 2005 as the start time; then, regardless of the fact a version is “Beta” or “Official”, TS Support hasn't even got MultiCharts basic charting right in THREE YEARS. This must raise serious questions about: the way they do things; where they ...

khalaad

I do not know when MultiCharts started, but if we take July 2005 as the start time; then, regardless of the fact a version is “Beta” or “Official”, TS Support hasn't even got MultiCharts basic charting right in THREE YEARS. This must raise serious questions about: the way they do things; where they ...

khalaad

Another basic charting problem!

Where are we heading?

Khalid

khalaad

drwar,

Eventually everything will be fixed, I am sure.

Meanwhile, I consider ALL MultiCharts versions as beta; even the official releases.

But it is so very sad TS Support has not gotten even the basic charting right by now.

Khalid

khalaad

This thing has become completely UNRELIABLE.

Khalid

khalaad

fs,
drwar,

The charting outrages of Version 4.0 Beta 2 (Build 1573) are not confined to volume bars.

Please see

http://forum.tssupport.com/viewtopic.php?t=5539

Khalid

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