MultiCharts: Trading Software for Automated Trading and Backtesting

tpredictor

Maybe it is obvious but I did the following to get the background paint color:

Set study to entire series
Overlay indicators

Changed this

plot1( HighestFC( high , 1000)+50,"");

or for below
plot1(Low-20,"");

tpredictor

Cannot get data to fill in Portfolio Backtester/Trader from TS even though it filled on the chart fine. I have resorted to ASCII import. Not sure why it won't load from TS or what settings I need. I got a partial data but cannot get missing dates now.

tpredictor

I have another issue with MC-- anytime I am in a dialog the program grinds to a halt for a few moments. I am able to interact with the dialog but it takes a long time. I am running a very highend PC.

tpredictor

Sounds similar to what I am seeing-- it is caused by the historical data provider losing connection or being refused. I have a thread open on it too.

tpredictor

I also had another bizarre incident today where my entire computer froze and Multicharts reported "too many orders" but I wasn't sending any orders. I had a position and orders working.

tpredictor

How do I re-establish? I keep getting disconnected Rithmic historical data. Live is working fine. Also, how do I see the notification/error message in a window? Sometimes I miss the popup.

tpredictor

To clarify, the status "popup" that Rithmic produces when trading through the Multicharts DOM pauses/freezes the UI. You need to produce several status messages to get this. You will see the DOM does not update. Disabling the confirmation in Rithmic seems to resolve it. The cause seems to be the Rit...

tpredictor

It happens every time. It is not a crash but it locks the UI thread/DOM from updating. I was able to resolve by turning off notifications in Rithmic that use the task bar.

I would still like to know if this is specific to my Windows 10 or universal.

tpredictor

Thanks but it reads that SA mode cannot support running multiple strategies on the same symbol-- given that most serious traders will be running multiple strategies more documentation/help on AA mode should be added.

tpredictor

Does the afternoon portion work? Have you tried removing that to see if it works? Here's some code from George Pruitt. It looks like Time refers to bar end time. It looks like your other option is to check local computer time. The second link shows how to use the local computer time with CurrrentTIm...

tpredictor

Other options: (1) Combine all the strategies into a single master on 1 chart. Downsides is that if you use different time periodicity settings then it would require re-coding all strategies to a single standardized time chart. Stops may have to be recoded too. (2) Use a global variable or output a ...

tpredictor

Here's another example where the status messages almost made the program completely freeze/crash. Still troubleshooting the cause but the error caused a flood of status messages: "Instrument: MESU1; Order: Sell Stop 1; Status: Rejected; Reason: Order ID 107 rejected.TS:MESU1 has incorrect settings (...

tpredictor

I notice execution is very fast with Rithmic but on my Win 10 the status/task messages freeze up the DOM from updating that come from either Rithmic or Multicharts. Looking for a way to disable them to see if it fixes the issue. Is this common or a problem with my Windows 10? Everything starts updat...

tpredictor

Update (A) it looks like it is just something the trader order manager does when filled to set the price to zero. (B) My question is really though when running in AA mode should I need to recode to look at broker position or is this something rare. Is there a list of safe guards I can set in the cod...

tpredictor

Got a partial answer from scanning Unger's work-- he sums each strategy and see that the total strategy positions match the broker. If a summary field were added per instrument for this then one could check at a glance that total matches all strategies or that the difference is the discretionary pos...

tpredictor

I have briefly read the portfolio guide. For running multiple strategies on same instrument is portfolio an alternative or is it better/preferred? Are there benefits or limitations if I just want to execute multiple strategies on same instrument? What automation mode is portfolio considered? For tho...

tpredictor

Also I read "setstoploss/setprofittarget" works from broker fill but when I wrap my strategy logic like so: >>if MarketPosition_at_Broker_for_The_Strategy = 0 then begin It looks like the entryprice was lost/profit target set to zero. Will continue to test some more. But maybe I am going down the wr...

tpredictor

I was testing a strategy in live today in AA mode. This was a simple test strategy that open a new position on every bar and set a small tick profit target. It was set to only allow 1 position-- not multiple entries. In the code, I check the market position (not market position at broker nor market ...

tpredictor

Never mind, I found it. in the "Order and Positions tracker" log under the "logs" tab. Thanks!

tpredictor

Sometimes MC will pop up a status message but it goes away too fast for me to read. Most programs have a diagnostic log view where I can see all messages. I have searched but not found anything in MC, yet. While I found QuoteManager log, I have not found this in MC. How can I view all old status mes...

tpredictor

Example #1 I have 5 long only strategies. I only want to take a position when at least 2 strategies are long and the third triggers (and/or when all 3 trigger at the same time). I want to use the exit of the most recent strategy that triggered. If all 3 triggered then assume I use the first exit. Ex...

tpredictor

I want to test consensus system where I only take position if 3 of my systems trigger. One way I know that should work would be to apply each sub-strategy to chart and have it output position via a file, global variable, or etc. a signal and then the master strategy would read that. I know that I co...

tpredictor

I am looking to start running live on AWS EC2 instance types. For those already running in AWS, what instance type have you found works best at the best price? It looks like the highest compute/ghz models are the C5 series and the Z series would offer best performance: z1d.large c5a t3? general and ...

tpredictor

Any experiences for those of you who have traded through IB and a discount FCM? Did the discount FCM work better for automation/futures?

tpredictor

I have automated with NT through AMP in the past and connection was rock solid. A very long time ago (many years), I tried to execute through MC through IB and experience was not good (got my positions messed up). I am looking for new broker that will work well with MC. Has anyone tried both MC conn...

tpredictor

I would also add Small Exchange is adding Crude Oil next week.

https://go.smallexchange.com/smo

tpredictor

Also, I have a question if I trade multiple strategies from multiple charts will I still be able to use the strategy positions for position/account matching? Is that the idea behind the strategy order add-on?

tpredictor

@bigdog Have you tried running without TS? TS has a lot of problems. I would try to run on a different datafeed without TS open before making a determination. Because, I'm seeing some slow behavior too and think its due to TS but not 100% sure.

tpredictor

@svetalana Does it matter if I trade from the same chart as a strategy is running on or another chart in terms of the way the strategy will see the orders? What I noticed in the sim, if strategy had 1 long and target/stop on. Now, I enter 1 more long manually. My OCO attached order is set to "2". On...

tpredictor

I would recommend you do ML in Python or C# and use a REST web service to send the data over. I have did this already for Easylanguage. You do need a way to pull data from a web service. This should be adequate if your timing needs aren't super intensive. Otherwise, I guess you'd have to use a DLL. ...

tpredictor

I have a lot of issues with TS currently on multi-core CPU (why I bought MC). Have you tried CQG or Rithmic broker/feed? If it's just for real-time they may work okay and might be cheaper then IQ if you have a broker they support.

tpredictor

What do you mean by "clusters"? Are you referring to a ML algorithm?

tpredictor

I posted the Weighted Anchored WFO code solution here:

https://beyondbacktesting.com/2021/04/2 ... hored-wfo/

@joebone Yes, being able to see individual trades would be useful to see if the performance was degrading over time.

tpredictor

I am just doing some testing on if I can trade the same chart as a strategy runs. I have read some of the previous posts about "broker position" vs "market position". I am not using broker position information. But, I'm finding when submitting OCO orders the strategy is getting confused. In TS, this...

tpredictor

Does the local paper trader account use bid/ask data when filling? Will this work with TS data too?

tpredictor

Is there a quick way of changing between pre-set date ranges on the charts ? I need to be able to switch between in/out sample periods faster/better then going through all the dialogs.

tpredictor

@Kate Thanks but I can see the "bid/ask" size top level in the scanner. I'm guessing that's a different data that cannot be combined with the trade data? For recording bid/ask at trade, you need it recorded with the trade I'm assuming. Thanks.

tpredictor

@joebone I have used IQFEED in the past. I am using TS now. I found both adequate but TS data is free. I prefer to backtest on tick data but I use minute data for long historical backtesting results. I have only used CQG and Rithmic for real-time data. I gather you are collecting the bid/ask and tic...

tpredictor

@joebone Yes, I monitor my systems in real-time. I have in the past used Hyper-V with different virtual machines for working on systems while running live. There are many cloud storage solutions Dropbox, Onedrive, Google drive, etc. for backups. As for power outage, if you have a laptop setup and at...

tpredictor

Just applied the built in cust-gradient bands paintbar and it appears to work as expected, mostly. If you choose candlestick or bars on Renko chart, it plots for me fine. On Renko box, it looks like it is adding a line in the center.

tpredictor

@bomberone1 Are you buying on close only? Are you using the same starting date? I do not have that problem. I do have a slightly related problem. I run a strategy developed in MC on Kase bars in TS and the results are slightly different. But, the strategy in backtest is resilient to the small change...

tpredictor

I don't use IB but I remember I had a lot of problems with IB and MC in distance past. Is it possible for you to try another broker like CQG/AMP and see if the problem still persists? I do remember there was a setting in Booktrader where I had to enable exchange stops for futures. This is not typica...

tpredictor

I should have realized it sooner: as I should of known from machine language, add a level of indirection! I will publish the solution at my blog if that's not enough for you. I published the solution here Proven Winner WFO

tpredictor

You should be able to use the example I gave you just replacing out the value10 with your series.

tpredictor

@Joebone So, let me understand are you using a virtual position tracking method? That's the other obvious way but it requires the strategy to be somewhat simple in implementation. So let's break down: (1) Virtual position tracking (2) Multi-strategies on charts with global dictionary? communication ...

tpredictor

Are you trying to compare the percent rank of today vs yesterday? Are you sure you want to use percent rank? You may want to review the meaning of percent rank. The inputs are value to rank, the collection to be ranked against, and the lookback period. If I understand you right, it would look someth...

tpredictor

On my blog, I recently shared my Proven Winner 'WFO' conception. The core idea is that I might want to pick the strategy (set of parameters) that performs relatively best but only among a population of proven strategies. I guess one way to do this would be to open up a bunch of strategies on charts ...

tpredictor

I like to tape read/discretionary scalp but have found it difficult to backtest such strategies that use the order book. Has anyone here found solution that works? Is there any data provider that can provide order book changes and can Multicharts process them? I know that some order book strategies ...

tpredictor

Can I use .NET objects in Powerlanguage MC 14 standard? I would like to use some of the collections classes. I see references to EasyLanguage Extension SDK and ieasylanguageobject.

tpredictor

@Joebone Well, this was many many years ago. I had traded with OEC at the time for over a year with no problems. The problem was MC and IB would get confused as to my position and I was scalping off the MC DOM. This meant my positions didn't match. I would try to flat and get reversed. Sometimes mul...

tpredictor

It's a checkbox. On the Set Parameters of the WFO page. It is the second screen. Make sure "Calculate Recommended Parameters" is checked.

tpredictor

@Joebone I have not used bid/ask testing, yet. I don't have enough experience with Multicharts backtesting engine enough to say. However, on NT, the backtesting results were always accurate for the product I was trading except for being 1 tick optimistic. That's market orders, of course. So, that wa...

tpredictor

Something basic like this is very unlikely a bug in MC. Suggest you post code. It is likely error on your part.

tpredictor

I have saw that I can go to order and position tracker-> results per account. This is useful but rudimentary as compared to NT or TS's reporting. Is there a way to see the performance in a way similar to backtesting performance report? This would be very useful if we can track the live using the sam...

tpredictor

Are you using the IQFEED data for bid/ask data or collecting live? Do you use bid/ask spread for more accurate fill information only or in strategy logic? Because, if it is fill information related you could simply apply slippage model in many liquid products. I figure very few systematic traders ar...

tpredictor

I am thinking of a scenario where I may want to run primary order logic on a larger bar such as a Kase/range bar or a time bar but where I want to use the Renko bar type for execution. My questions are: (1) For backtesting, will there be issues with bar alignment? (2) For real-time trading, would bu...

tpredictor

I have multiple strategies running on paper for evaluation. Is there an easy/automated way to know when I started trading them and ability to see the "live"/OOS equity curve. It seems this would be a good use of the strategy orders monitor or maybe there's another way. I do not want to have to creat...

tpredictor

(1) How do I get access to the project management board/section? I do not see a create account option.
(2) I like to support feature suggestion to add date/time header on the insert studies so that studies can be sorted by last modified instead of just by name.

tpredictor

On the product page, it says the supported BetterRenko type backtests better? Any experience with that? I do not see a "better renko" option. Is that a particular configuration?

tpredictor

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?

tpredictor

I have tried to turn on bid/ask collection from TS. I get the top bid/ask in the watch. But, when I try to turn on "fields to collect" -- for bid/ask in quote manager those options are greyed out. How do I collect the bid/ask from TS data? Is the bid/ask data collected per tick snapshot or per order...

tpredictor

@bomberone1 Have you tried Kase bars? They seem to backtest well and get similar results in live. The biggest problem might be if they aren't built the same way every time.

tpredictor

@Shargo Make sure the radio button is checked. I had this happen and did not have the radio button checked on the optimization screen.

tpredictor

In a recent blog post, I introduced Weighted Anchored WFO technique: https://beyondbacktesting.com/2021/04/14/new-innovations-solutions-in-wfo/ The core idea is that greater weight should be given to more recent results, i.e. older results should be given less weight based on their age. The followin...

tpredictor

@Vlada Thank you. But what I'm trying to get at, I would not be able to check the time on the Kase bar to close it out intrabar? Is that 4x check historical only or how it works in real-time too? I wonder why it appears to close on MC when I'm running it on paper the simulator. It appears to work bu...

tpredictor

I suggest some methods here: Weighted Anchored Walk Forward Analysis: You decay the profits/losses or fitness function over time . Volatility/Variation Punishment: Idea is to penalize WFO systems/settings that vary greatly from one period to the next. https://beyondbacktesting.com/2021/04/14/new-inn...

tpredictor

Thanks. I also shared with you recently my blog post. I have came up with a new variation on the WFO which I called Weighted Anchored WFO. The idea is to weight newer results more heavily (decay older results). I think I could do this in a custom fitness function if I could access a bar number so th...

tpredictor

Can you confirm IBOG works for Kase bars? On TS, IBOG is disabled for non-standard bars but I don't get the warning in MC.

tpredictor

How will we be notified regarding future TD support? Thanks.

tpredictor

Thanks. Right, I have a time check that worked on your platform but that didn't work in TS to close the trade. It closed it when automating in the paper account (not backtest).

Do I need to enable IBOG to ensure the time-check will trigger? I'm thinking maybe the bars weren't the same.

tpredictor

On TS data, I have to manually add each instrument before it is recognized. Is this always required?

tpredictor

On TS data, I have to manually add each instrument before it is recognized. Is this always required?

tpredictor

Does your platform support EOD exit on Kase bars? I know on TS requires an indicator and some advanced work to get the EOD to work on Kase bars. It looked like the EOD worked on your platform though running in paper trader/sim.

tpredictor

Is there anyway to get Kase bars to match TS perfectly? I am automating a strategy (copy/paste) in TS on Kase bars. The overall performance was similar in backtest and the first few trades were identical. But, same strategy in MC has taken more trades then TS. I'm assuming it may be because the Kase...

tpredictor

Any update? Is there a way I can find the top N performing combinations per WFA ?

tpredictor

1. Is there an ouptut from each run of all the optimizations? Is it possible to see the top Nth performing systems for each run? I.e. the top 10 performing systems from each WFA run. 2. Is it possible to use the performance from all the systems to select the best system? Example, select the system w...

tpredictor

So far found answers for following: 1. I was able to assign keyboard short cut to ctrl-x file->preferences. I can click this to turn on/off background dragging. Recommend adding support for ctrl-mouseclick 3. I found that I can connect to paper local. I didn't see that connection before 5. I suspect...

tpredictor

1. Is there a way to click drag the background without going to the toolbar? Change the icon to hand and back 2. On the order flow charts, I need to zoom in to see but it keeps scrolling away, is there a way to always show the most recent bar so I don't have to mess with the charts during day? 3. Is...

tpredictor

This is important for me too. I am hoping you can add TS too. But, this would be very useful!

tpredictor

When you say only "time based"-- I have backtested range bars and got the exact results in live vs backtest in NT except for 1 tick difference in live (NT gave 1 tick avg fill improvement over live). Is there a good resource on what bars we can backtest on and the limitations?

tpredictor

What plugin? I am hoping they will add TS as directly supported broker. TS is the ONLY commission free equities broker besides Alpaca today with API connection.

tpredictor

Any good resources for getting up to speed with Multicharts? I glanced over the FAQ. I am thinking about something like a video tutorials or TS master class/workshops. I can find the answers but it seems I am having to hit a lot of sources. Is there an intro to the platform resource I am missing? I ...

tpredictor

Not sure if this is working-- I meant that pulling data in TS was fast compared to MC. I had to shut down MC and re-open to get it to work. I have turned on "save/cache data" in quotemanager. I wanted to know if there was a recommended set of best practices for working with TS data.

tpredictor

How can I speed up backfill data from TS? It is very slow compared to TS backfill.

Sometimes it appears to have trouble- what settings are recommended?

tpredictor

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...

tpredictor

Bump. I am a regsitered user. Now that TS has commission free equities: this is a no brainer. I have seen other platforms like Overcharts support this so I know it is possible.

tpredictor

Does MC support TS as datafeed/provider for historical data and backtesting? And does MC support TS for order execution? TS now has ability for platforms like Overcharts and Tradingview to place orders and commission free stock trades. If not is it planned functionality? I would want the functionali...

tpredictor

I was referring to it MC said that what was on the chart didn't match. I'm not sure what happened but maybe due to synchronization or slippage on a stop order.

tpredictor

1. I'm referring to the P&L shown on the DOM itself quits updating at times. 2. I used the "close position" in MC and it opened an order in TWS. The two became desynchronized due to a disconnect. There was no position open in TWS. I had to close the position in TWS. 3. Yes, I was flat. The issue is ...

tpredictor

I've had a rather poor experience using MC DOM with IB. I wanted to see if maybe it was a configuration issue or if this is just the state of it so far. I connect to TWS and not the API. * MC DOM frequently fails to update the P&L properly * At times, I close orders in MC and it became desynchronize...

tpredictor

Trading performance reports from trades I entered on DOM is out of synch with my actual account. Is there a way to get it to synchronize to the actual results in my account?

tpredictor

Okay, look forward to MC replying. Also would the answer be different for MC vs MC.NET?

tpredictor

I don't lose connection to any of my other services.

tpredictor

I looked it up. I wasn't aware but my feeling is that's not the issue. It shows as reboot 23:45.

I've had this happen at multiple times and different times of days.

tpredictor

I looked it up. I wasn't aware but my feeling is that's not the issue. It shows as reboot 23:45.

I've had this happen at multiple times and different times of days.

tpredictor

I lost connection on Friday around 8:30. Also, I lost connection just a few minutes ago. I was with OEC before, I never lost connection except maybe 1x in 2 years. Previously, I traded with MB Trading and had a lot of problems with losing connections multiple times during the day. Hope TWS is not li...

tpredictor

Experimenting some more.. it looks like the stop limits are sent to exchange but that TWS simulates the stop markets. As the CME supports "stop limit with protection", I'm assuming that stop orders should be stop limit to avoid slippage.

tpredictor

Sometimes I lose connection to TWS. Each time it tries to reconnect it says "order submitted" even though its not submitting any orders (thankfully). From experience IB futures traders using MC, have you taken any steps to avoid such disconnections? hearing "order submitted" "order submitted" over a...

tpredictor

I received worst slippage ever at IB trading the ES on a stop out. Without stops held at the exchange, the HFT traders have a huge advantage as exchange held stops have priority over HFT traders. I've read 2 versions on the blue orders. One version is that they are queue at the exchanged but only se...

tpredictor

Is it possible to manipulate the orders shown in the DOM through API? Is it possible in standard MC (not MC.NET) to create buttons for say submitting orders?

tpredictor

How do I set default desktop that will open next start I MC?

tpredictor

Thanks for that. Does that mean the "blue orders" are being held on the IB server? Why would I want them there instead of CME for example?

tpredictor

The key was openinig the trading panel which I didn't do.

tpredictor

I notice when I placed trades on IB. It says the limits are held at GLBX but that my stops are held and being monitored. How do I configure MC to submit the stops to the exchange?

tpredictor

I placed some trades for an instrument through the DOM. I then opened a chart for that instrument and went to view strategy performance reports. But, its greyed out. Must I keep a chart open to save performance metrics?

That seems like a bug.

tpredictor

How do you show only the P&L for the day in the strategy report? Is it possible to access through EasyLanguage and paste to the chart for DOM trading?

tpredictor

How do I reset the strategy reports for a demo account? How do I show only 1 day from the strategy report settings?

tpredictor

How can I see the P&L for the day? Is it possible to show this on the DOM?

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