Open Next Bar type strategies w/ multiple DataStreams ?

Questions about MultiCharts and user contributed studies.
var_o
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Open Next Bar type strategies w/ multiple DataStreams ?

Postby var_o » 22 Aug 2011

My strategy involves something like

Code: Select all

Inputs : ....
Variables : A(0, Data2), B(0, Data3), C(0, Data4), D(0, Data5),...

Codes
Codes
Codes

If ... Then Buy next bar at open of next bar ;
If ... Then Sell short next bar at open of next bar ;

But MC does not allow me to do so.
The error message box said:

"Message: Error in study "xxx" : : Open Next Bar type strategies calculation is not permitted on multiple DataStreams."

Is there a way I can use multiple DataStreams with Open Next Bar strategies ???

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Dave Masalov
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Re: Open Next Bar type strategies w/ multiple DataStreams ?

Postby Dave Masalov » 22 Aug 2011

Is there a way I can use multiple DataStreams with Open Next Bar strategies ???
Unfortunately, it is not possible.

var_o
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Re: Open Next Bar type strategies w/ multiple DataStreams ?

Postby var_o » 22 Aug 2011

So, will it be appropriate if I request this feature for the next version of MC ?

and

How can I rewrite it as an indicator to make it display the same thing as Strategy?
Please forgive me on this question. I am total newbie for the platform.

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Dave Masalov
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Re: Open Next Bar type strategies w/ multiple DataStreams ?

Postby Dave Masalov » 23 Aug 2011

var_o,

Do you mean you want to send a market order at open of the next bar?

Buy next bar at open of next bar ; - this line won't compile, however you can use the following command:

Code: Select all

buy next bar market;
and this works with multiple data streams.

var_o
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Re: Open Next Bar type strategies w/ multiple DataStreams ?

Postby var_o » 23 Aug 2011

var_o,

Do you mean you want to send a market order at open of the next bar?

Buy next bar at open of next bar ; - this line won't compile, however you can use the following command:

Code: Select all

buy next bar market;
and this works with multiple data streams.
what if I would like to
Buy next bar at Open of next bar+A STOP;

I don't think I can code it as
Buy next bar market+A STOP;

any solutions ?

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Dave Masalov
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Re: Open Next Bar type strategies w/ multiple DataStreams ?

Postby Dave Masalov » 23 Aug 2011

var_o,

Unfortunately it cannot be done by means of script.

sptrader
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Re: Open Next Bar type strategies w/ multiple DataStreams ?

Postby sptrader » 23 Aug 2011

Maybe: Buy next bar at close + A STOP; (intra-day would be very close)


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