Hi All,
I am currently with TS and thinking of changing for a couple reasons. I have been considering MultiCharts since it works with Easy Language and I have had horrible experiences with NT so will not look at them again. So I wanted to ask a couple questions first:
1. How does MC handle intrabar data for back testing? Can MC determine if the HIGH occured before the low? I understand TS makes an assumption based on how near the open and close are to the high and low. NT does not have any idea to determine this.
2. Can I use MC for a live trading account with a automated trading strategy running and at the same time use MC with a simulated trading account running a different strategy but with live data feeds?
Thank you
General Newbie Questions
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Re: General Newbie Questions
Hello confusedxx,1. How does MC handle intrabar data for back testing? Can MC determine if the HIGH occured before the low? I understand TS makes an assumption based on how near the open and close are to the high and low. NT does not have any idea to determine this.
2. Can I use MC for a live trading account with a automated trading strategy running and at the same time use MC with a simulated trading account running a different strategy but with live data feeds?
- If Bar Magnifier tool is not used, MC also uses assumptions. To learn more about all possible scenarious, please follow the link.
- Yes, theretically you could be getting data form all supported vendors, auto-trade as many chart as your PC can handle, using as many different broker accounts as you want at the same time in MultiCharts.
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Re: General Newbie Questions
Hi
I use both TS and MC.
With a rithmic connection on MC, I can run strategies on the sim account at the same time I can trade on the live rithmic account. This is a huge advantage over TS.
Also, I can run a cqg demo, which is sim, at the same time I am running another live account.
MC is great in this aspect.
I dont have historical tick data with rithmic. So I run a cqg demo, and export the tick data from the demo account. Then I import the tick data into a rithmic instrument and Presto ! I have historical tick data without even leaving Multicharts.
Every week I compare the live sim trades taken by a strategy against the backtest and MC is more accurate. I was surprised at how close the results were.
TS uses a lot of resources also. I can only run about 8 charts with autotrade on for simtesting.
I spend most of my time on MC as I find everything to be more refined with better graphics and resolution.
It will be an easy and pleasant transition for you.
shane
I use both TS and MC.
With a rithmic connection on MC, I can run strategies on the sim account at the same time I can trade on the live rithmic account. This is a huge advantage over TS.
Also, I can run a cqg demo, which is sim, at the same time I am running another live account.
MC is great in this aspect.
I dont have historical tick data with rithmic. So I run a cqg demo, and export the tick data from the demo account. Then I import the tick data into a rithmic instrument and Presto ! I have historical tick data without even leaving Multicharts.
Every week I compare the live sim trades taken by a strategy against the backtest and MC is more accurate. I was surprised at how close the results were.
TS uses a lot of resources also. I can only run about 8 charts with autotrade on for simtesting.
I spend most of my time on MC as I find everything to be more refined with better graphics and resolution.
It will be an easy and pleasant transition for you.
shane