MultiCharts: Trading Software for Automated Trading and Backtesting

Jonny473

Does my reply make sense? I still cant figure it out...

Jonny473

Hi TJ thanks for the response. But doesnt the HighD function use the High of the whole day? In my case I want the High of a specified time intervall which was defined with StartTime( 900), // Time of start of channel, EndTime( 1000) and SessionCloseTime (1200).

Jonny473

Hi, I have the following issue. The attached strategy identifies the High/Low for a specific time period. Once the High is exceeded within the Session Close time, the signal is generated. Now this strategy only takes the current session into consideration. I also want to use the High/Low from yester...

Jonny473

https://drive.google.com/file/d/1dUGV-f8X6igmEBlgyxf5osxmuBwzK5ah/view?usp=sharing Lets say I have number of X instruments in my Portfolio Trader Strategy. I have one strategy applied. This strategy contains, besides calculations only based on the instrument itself, also a rank/ PortfolioEntriesPri...

Jonny473

Can Henrik post the full code here? As he mentioned he wants to trade the best 5 stocks only here....

Jonny473

Hi, I have a question regarding the Portfolio Strategies, especially the Portfolio Rank Signal Base Strategy: I attached the code. Its basically the sample code MC provides: inputs: BasedOnData(2), Formula( (close - close[1]) / close ), TraceOutput(false); Vars: BarN(0), R(0), StockPrice( 0, Data1 )...

Jonny473

I know this topic has been addressed before: I have hundred of stock and data to it, now I am trying to find a fast way to setup the symbols and import the data. I know I can map the symbols, this might be legit for charting data. But once I want to backtest and just do that by mapping different sym...

Jonny473

Hi, I need some help regarding a condition status on multidata symbols. So I came up with functions for RSI and Moving Average directly aiming at data2 (Daily). The functions for data2 do work and the signal also does, so when I set up a chart with 2 datastreams for 5 min (data1) and Daily (data2) i...

Jonny473

For data3 you mean? For data3 in this case I defined MyClose in the variables MyClose(0,data3) and later as MyClose=Close of data3; For condition 5 and 8 (only two conditions where data3 is needed): Condition5: INTERMARKETRS=XAVERAGE(Close data(2)/MyClose,3); if INTERMARKETRS> Average(INTERMARKETRS,...

Jonny473

RSI(Close,Rsi_Length) data(2) <RSI_Up That solved the problem. Now one more thing. if I want call the "SPY" Daily Closes not from ADE bur from data3, how do I do it: inputs: Coef( .2 ), VCoef( 2.5 ), VFIPeriod( 130 ), VFISmoothedPeriod( 3 ), MA100Length( 100 ), Trigger(3), low_(5), RSI_Up(70), Trai...

Jonny473

Thanks will amend and inform about the result.

Jonny473

RSI(Close,Rsi_Length)<RSI_Up data(2)...means that the Close shall reference to data 2, same fot the second example. Applying it to a Daily chart (without data2) and applying it to the same symbol data1 15 Min data2 Daily, this only referencing to data (as laid out in the code) should give me the sam...

Jonny473

Ok here is the current code. Still not really doing what it is supposed to: inputs: Coef( .2 ), VCoef( 2.5 ), VFIPeriod( 130 ), VFISmoothedPeriod( 3 ), MA100Length( 100 ), Trigger(3), low_(5), RSI_Up(70), Trailpoints(5), MarketTrendSymbol( "SPY" ), D1( 3 ),{DAYS FOR RS Moving Average} Per1(3),Per2(8...

Jonny473

Alright will do so. What about the Close2? I defined it as a variable as you mentioned it in one of your posts.

Jonny473

Data series 2 and ADE Chart are Daily. Data 1 can be whatever, just should be smaller than data2.

Jonny473

Hi there I am having the data2 problem again. I know TJ advised how to handle it here (5): https://www.multicharts.com/discussion/viewtopic.php?f=16&t=6929 But still not working. Here is the indicator I am using with datafeed 1 and 2. Dont worry about the formulas and data1 (as data1 can be every TF...

Jonny473

Does anybody have a hint here?

Jonny473

Thanks for the info AMarsland! Can you make an example of how these two strategies look like in greater detail? Make an example of the strategy code around it? Sorry but at the moment I am working with ADE in a normal chart window, having applied an Indicator to deliver the Symbol data and strategy ...

Jonny473

alright will try this out and give feedback if it worked out correctly!

Jonny473

Ok here is what I want to accomplish with this: I built a strategy that buys x-days before month end and sells y-days after beginning of month. Therefore I used the "DaysFromBOM" and "DaysBeforeEOM" function, which calculates the number of trading days left ("DaysBeforeEOM") and finished ("DaysFromB...

Jonny473

Thought about this once more; the "condition" equivalent for barssinceentry if you dont have a marketposition is the MRO function.

Jonny473

Hi TJ, the expected behaviour is that whenever the date (juliantodate) is not a weekday (6 or 0) then 1 is added to to the value so it becomes a weekday. Basically I got it working out with the following function: Inputs: myDate(NumericSimple); If DayOfWeek(myDate) = Sunday or DayOfWeek(myDate) = Sa...

Jonny473

I am struggling to do the following: I have certain past and future dates for certain holdiays which are floating. Therefore I had write down every single date. I am struggling with the counter if those dates fall into weekends: I am defining a variable first to hold the date: var:datexyz(0); datexy...

Jonny473

Henry helped me to solve this. Cant attach the file for whatever reason, but ask for One_Thread_For_Optimization.reg file!

Jonny473

Desperate using ADE!! All I am trying to is pass information (indicator value, Symbol data) from a higher timeframe to a another chart, where this data is received and further processed (strategy is build around this) similar to this example (taken from TS forum) Sender (applied as indicator): Inpu...

Jonny473

Sorry for the delayed reply, I had some other work to do...I might work around this issue with ADE, will give it a try.

Jonny473

I think I got it working somehow now, using ADE and EL; I implemented ADF functions in my strategy and as you said correctly TJ, I had to rewrite the code. It was a journey getting familiar with ADE, the journey is not over yet as I still need to learn some tweaks here and there. Overall I think ADE...

Jonny473

Hmm good point...had some work to do sorry for the delayed answer...what I could do is just multiply the Daily Length parameters wirh the Intraday Timeframe I want to use for my Multitimeframe Strategy....what do you think?

Jonny473

Ok Barstatus(0-2): 0:Open,1:Intrabar,2:Close. As this strategy is applied to Daily Bars with IntrabarCalculation I dont get your point here.

Jonny473

Multitimeframe consisting of at least 2 data streams (which could be different symbols or just the same symbol with different time intervals (as in my case going from small (15 Min) to higher (Daily).

Jonny473

Jonny473

What do you mean by... (even if it becomes not true in the meantime) ? If want to count from the moment when the condition became true for the first time and then keep that condition being true for x bars, although within that time the initial condition might have turned to false (and switched back...

Jonny473

Did as recommended!
Thanks!

Jonny473

Lets talk about Multiple time frame strategy. Basically I know how to refer to data1, data2, etc. The issue I am having I have a Daily strategy which I want to break off into a MTF strategy. Therefore I want to consider the current trades with entry and exit timeframes. So from entering the trade un...

Jonny473

The task is about counting the bars when a condition becomes true, I want to count the number of bars or days since the condition is true (even if it becomes not true in the meantime) IN A STRATEGY. So if I would enter a trade with the condition becoming true I would probably use barssinceentry. As ...

Jonny473

Hi, as recommended by TJ I am breaking down my questions from here ;-): https://www.multicharts.com/discussion/viewtopic.php?f=1&t=51486&p=129617#p129617 1. What I am trying to do: If the Close>HighestBar(Close,48) and RSI(Close,30)>50 then buy. That’s the easy part. The next condition is a little b...

Jonny473

Hi, I have a couple of questions: I read a couple of books to become more sophisticated with EL coding. I bought the Easy Language Home Study, read the book of Sunny Harris but I am still struggling with IMO pretty basic strategy tasks. 1. What I am trying to do: If the Close>HighestBar(Close,48) an...

Jonny473

Thanks for the answer Josh: Let me describe it this way: You have a Daily strategy that is superb, not Overoptimized and worked well for months/years. The only issue is the drawdown. Therefore you want to make it a Multitimeframe strategy, to "filter" the entry and exits based on the Daily signals. ...

Jonny473

Lets assume i have a Daily strategy and I want to rebuild it into a multi timeframe strategy. I am assuming that after the entry condition became valid and TP/SL are not hit, the daily signal is still valid. The problem I see with a smaller TF with different entry conditions is acting upon the daily...

Jonny473

Hi, thanks for the fast reply; to be more specific I have the following indicator: inputs: MomentumLength(28), Left_Strength( 5 ), Right_Strength( 5 ), Length( 60 ) , PlotSeries( 1 ) ; // 1 for Plot Series Stream 1, 2 for Plot Series Stream 2 variables: MomVal(0), oPivotPrice1(0), oPivotPrice2(0), o...

Jonny473

I have an divergence indicator that "stores" the value of specific price bars AND indicator values. This bar range can go from 5-60 bars. Lets say the indicator used is Stochastics, so having those two Stochastic values StoVal[oPivotBar2] and StoVal[oPivotBar1] connected to the price bars (oPivotBar...

Jonny473

Thanks ABC, so for those interested the code for SPY since 1994 is like this: Variables: dayCounter ( 0 ), last.trading.day(true), yearOpen ( -999999 ); //check for a new year if Year( Date ) <> Year( Date[1] ) then begin yearOpen = Open ; dayCounter = 1 ; end //same year else begin dayCounter += 1 ...

Jonny473

The CalcDate(RefDate,DaysChange) function can add/subtract days, but only if the RefDate is explicit. In our case its not....

Jonny473

Actually the "strategy" is just comparing the Open of date = 1170101 or date = 1170102 or date =1170103 (whatever is the first trading day in a new year) with the close price five days(bars) later thats it...how am I going to get this to work properly...actually I would have to "add" 5 bars to whate...

Jonny473

Hi TJ, hi Tony, of course what I could do is and so on: if date=1130109 and Close>Open[5] then buy 1 contract this bar close; if date=1131231 then sell 1 contract this bar close; if date=1140109 and Close>Open[5] then buy 1 contract this bar close; if date=1141231 then sell 1 contract this bar close...

Jonny473

Hi folks, probably some of you came accross this strategy „First 5 trading days of the year“ which gives some indication about the direction of the upcoming trading year, at least for the stock market. A simple buy and hold strategy- if those first 5 years are positive- buy on day 6 and hold until e...

Jonny473

I get your point but I do not want to use absolute numbers. Furthermore I want to calculate that threshold before the break even becomes valid by using average true range multiplied by x just like in the longliqpoint or shortliqpoint (vice versa) shown above.

Jonny473

Hi Tony, thanks for the response- unfortunately also not working. Could you briefly show in the code how you would do it. Thank you very much!

Jonny473

Hi Angelina,

no does not seem to work!

Jonny473

Thanks Angelina

Jonny473

I am struggling to find a break even stop for my short positions! My Break even for long works correct, see here: Input: [....] Afterprofitpercentage1(0.9), Afterprofitpercentage2(0.1), averagetruerangelength(14), Stoplosspercentage(2), Variables: [....] averagerange=averagetruerange(averagetruerang...

Jonny473

Happy new year everyone! Here is another question for the experts: Lets say I have a multtimeframe strategy and the 2 higher Timeframes give me signals independent from the lower TF. These higher signals shall be "stored" as the lower Timeframe shall only trade once the "higher" signal is still vali...

Jonny473

Happy new year everyone: Short question regarding the "storage" of a specific value (entryprice): Lets say I want to implement a Stop Loss based on the low of the last 10 bars, once I entered a position: Sell("Stop") all shares next bar at (Lowest(Low, 10)[1]) stop; This code works but I dont want t...

Jonny473

Hi Josh,

thanks for the answer. In the meantime I came up with an answer with loops. If somebody is interested let me know.

Jonny473

I have the following problem: In Easy Language sometimes something has to happen at the same bar for a buy/sell to trigger. In the example below a cross of 3MA's has to happen at the same bar to be valid. Of course I could use „>“ and „<“ instead of „crosses above“ and „crosses below“, but I want to...

Jonny473

Thanks for the hint ABC works now. I can post the code if somebody is interested.

Jonny473

Thanks ABC. Will try that and keep you updated!

Jonny473

Although I tried to explain this issue already, I think my point was still not understood: In the following example I want to highlight the issue again using: -Multitimeframe EUR/USD 3 data streams (with ask/ bid so dont get confused by the pictures) -in the first example I am using the 1 HR TF for ...

Jonny473

Again Josh thanks for the explanation and effort, much appreciated. Applied your code to a chart and yes you are correct, it definitely works. I really thought about why I have those issues: Then I thought about the following: I often used the following Multitimeframe combination: 1HR-4HR-1D(NOT BUI...

Jonny473

Haha sorry did not try to confuse anybody. So lets give it some structure: Expectation towards MC: Why do people use Multitimeframe charts/signals ? They want all Timeframes to align in one direction to enter a trade. Depending on the indicators they are using, this might be promising, but they migh...

Jonny473

So maybe using ADE correctly might solve this Josh?

Jonny473

Again just for testing purposes I made my 3 TF signal 2 TF and put it on 1HR-15 Minutes chart with the same parameters as before: [AllowSendOrdersAlways =True]; inputs: F1(6),S1(10),L1(3),F2(6),S2(10),L2(3),T1(0600),T2(1410),Y(90); variables: Intrabarpersist MACD1(0),Intrabarpersist MACD2(0),Intraba...

Jonny473

Thanks for the advice Josh. So here is what I did: I amended the initial code: inputs: F1(6),S1(10),L1(3),F2(6),S2(10),L2(3),F3(270),S3(585),L3(203), T1(0600),T2(1410),Y(90); variables: MACD1(0),MACD2(0),MACD3(0),OldMA(0),MACDBuy(9999),MACDSS(-9999); MACD1=MACD(Close of Data1,F1,S1); MACD1=XAverage(...

Jonny473

Thanks for the answer Josh also: The overall topic is handling of multidata charts and applying signals to those. What is wanted as described in the MACD signal: Three signals, the highest signal builds the "foundation" for a buy/sell to happen, the timeframe one below also has to indicate the same ...

Jonny473

Thanks TJ for the advice marking all signals accordingly: as I thought for quiet some time that multitimeframe strategies can be accessed by defining data 2,3, xx. I always wondered why the strategy/signal gives false/ less signals back. Always thought the mistake might lie somewhere else, but now I...

Jonny473

Hi, as I thought for quiet some time that multitimeframe strategies can be accessed by defining data 2,3, xx. I always wondered why the strategy/signal gives false/ less signals back. Always thought the mistake might lie somewhere else, but now I know that Multicharts is just not able to process it....

Jonny473

1) Even on 15M bars I do not use Bar Magnifier. For my strategies, if both a profit and stop loss target is being hit in the same bar with any frequency then there is a serious problem with my logic. I do use Precise Backtesting and I consider it an absolute "must have" for the type of testing I do...

Jonny473

Hi guys, I know there are threads in this forum adressing this topic already and Multicharts issued several articles on it, for those who don’t know (beginners) please see: https://www.multicharts.com/trading-software/index.php/Precise_Backtesting https://www.multicharts.com/trading-software/index.p...

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