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Have you ever wanted to work with upcoming economic events in MultiCharts, such as getting an alert when a certain economic release was about to happen? Perhaps you even wished for an way to close strategy positions a given number of minutes before an economic new release?
Introducing the Economic Events Collection for MultiCharts
Those wishing days are over with the Economic Events Collection for MultiCharts, which is a collection of functions to work with future and historical economic events.
The Economic Events Collection was designed for flexibility and usability – giving it endless possibilities while keeping the amount of code required to an absolute minimum.
For whom might the Economic Events Collection for MultiCharts be useful?
- If you’re an automated trader and want to close open positions 10 minutes before a high impact economic event is released;
If you’re a discretionary trader and don’t want to be caught off guard with important economic releases or speeches and summits about market moving topics;
If you’re an option trader and want to open volatility-based option strategies (like straddles and strangles) in the 30 minutes before important, market moving news;
If you’re a backtester and want to backtest the market reactions on certain historical economic events, or just don’t want to hold a position when a historical economic event happened (like a Non-Farm Payroll release).
To start using the economic events collection, unzip the to this thread attached zip (which contains all the files you’ll need) and follow the easy-to-follow steps in the thorough 23-page manual (also attached).
The attached zip file contains the following:
- The Economic Events PowerLanguage functions,
The Java program for downloading the Economic Events.
The PowerLanguage functions are all unprotected so you can open these in the PowerLanguage Editor to verify them yourself.
Support and getting help
If you run into difficulties or keep getting stuck, add your question/problem to this thread and I’ll try my best to help you.
Also, if you have any suggestion for improvements, I’d be grateful if you shared them here so that the Economic Events Collection can be further expanded and improved.
I’d to give a big thanks to Nicolas11 (from BMT) for helping me make this project a reality and creating an impressive Java program. Thanks Nicolas, without your help this project would never even have started.
- 17-1-2015: Replaced .zip file with one that includes the most recent version of the EconomicEvents downloader (v. 5.1).
- March 9th, 2012 - The EE.ReadFile function was updated to correct an error with time zone conversions. For more information and the updated function, see this post.