Beta Auto Trade

Questions about MultiCharts and user contributed studies.
momentum
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Beta Auto Trade

Postby momentum » 22 Jan 2008

I really need a reply to my questions whether in the new BEta, will MC know the price at which a trade it sends to IB is executed so that the target and stop loss can be based upon the executed price, not the theoretical fill?

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Marina Pashkova
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Postby Marina Pashkova » 22 Jan 2008

Hi momentum,

Unfortunately the upcoming beta which is due this Friday will not have all the promised autotrading features. We have not been able to implement all of the planned features, but have decided to release beta anyways - because it was promised long ago.

The feature that you are talking about is quite complex. It is going to take time to get it work correctly. But the second beta of MultiCharts due in February will know the actual and not theoretical price of order execution.

Regards.

momentum
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Postby momentum » 22 Jan 2008

That will be great!

getting
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Joined: 18 Jul 2007

Postby getting » 23 Jan 2008

momentum,

Do you know if TS 8.3 offer this "know the actual and not theoretical price of order execution" feature??

kevin kolodzy
Posts: 64
Joined: 25 Jan 2008

Postby kevin kolodzy » 31 Jan 2008

There is no easy and reliable way in TS 8.3 to get the actual entry price - at best it may be correct, but can't be relied upon especially if more than 1 lot or contract is purchased (the fills may be partial, leading to an Average entry price).

I've found that unless you are dealing with relatively small price movements, it makes little difference to the outcome anyway, and real-time slippage may well have a bigger impact on how your backtest/optimization results end up working in reality.


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