Bitcoin trading with MC possible?  [SOLVED]

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Tresor
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Bitcoin trading with MC possible?

Postby Tresor » 22 Jun 2011

Hi guys,

Just saw an interesting movie by a guy who uses SC to plot / trade bitcoins. Is it possible with MC? Anyone tried this already?

http://www.youtube.com/watch?v=T1X6qQt9 ... re=related
Last edited by Tresor on 09 May 2013, edited 1 time in total.

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby JoshM » 22 Jun 2011

You want to trade a what? ;)

After googling..
Ah, so that's a bitcoin (see introductory video here: http://www.weusecoins.com/). Though I still don't understand it completely, why would you want to trade it?

I would seriously worry about security:
The storm had been building for over a week now. Last Monday at around 5 p.m. 25,000 Bitcoins were transferred from 478 accounts on the currency's largest exchange -- Mt. Gox. But that was just the beginning. Now Mt. Gox is admitting to a major breach and has shut down, in an unprecedented action. In all, approximately $8.75M USD worth of Bitcoins appear to have -- at least temporarily -- been stolen in the intrusion.
[...]
One account with a lot of coins was compromised and whoever stole it (using a HK based IP to login) first sold all the coins in there, to buy those again just after, and then tried to withdraw the coins. The $1000/day withdraw limit was active for this account and the hacker could only get out with $1000 worth of coins.
[...]
Ultimately, the massive breach may not be enough to kill the Bitcoin movement. After all, many people are very dedicated and enthusiastic about the concept of Bitcoins.

That said, the recent volatility, combined with this breach raise serious doubts about Bitcoin managing to become mainstream. The fact that the largest exchange in a $130M USD would practice such lax security practices such as failing to use the state of the art hashing methods to protect its database seems disturbing.

Source: http://www.dailytech.com/Bitcoins+Large ... e21942.htm

They even closed the "exchange" with one 'compromised'/hacked account. No offence, but I would run as fast as I could. ;)

Regards,

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 22 Jun 2011

JoshM wrote:Though I still don't understand it completely, why would you want to trade it?


Cause I understand it a bit more.

JoshM wrote:No offence, but I would run as fast as I could. ;)


Run Forrest, run!!! No offence ;)

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 05 Apr 2013

MC Team,

Would you consider connecting MC to a bitcoin exchange? This https://mtgox.com/ exchange is the biggest one.

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Stan Bokov » 05 Apr 2013

Tresor,

How would we do that? What needs to be done?

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 05 Apr 2013

Stan Bokov wrote:Tresor,

How would we do that? What needs to be done?


A place to start is to click TRADE API on their website to arrive at https://en.bitcoin.it/wiki/MtGox/API

If a guy was able to connect SC to mtgox than I assume the same could be done with MC.

Note if you invested USD 66.67 into bitcoins on the day the flash crash occured (almost two years ago) you would now be worth USD 1 million: http://www.bitcoincharts.com/charts/mtg ... 1g10zm2g25

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby JoshM » 06 Apr 2013

Tresor wrote:(...)
Note if you invested USD 66.67 into bitcoins on the day the flash crash occured (almost two years ago) you would now be worth USD 1 million: http://www.bitcoincharts.com/charts/mtg ... 1g10zm2g25

For the interested readers, FT Alphaville has written some excellent articles in the past week about BitcoinMania (requires a free registration).

A connection to Bitfinex, ICBIT, or MPEx bitcoin exchanges could be more interesting, since according to this article those 'exchanges' also allow shorting of bitcoins. (Not that I advocate trading Bitcoins with MultiCharts, but just saying that an exchange with shorting possibilities is also important).

In case the bitcoin chart doesn't scream "bubble alert" enough, there is also a 'bitcoin hedge fund' launched.

Tresor, do you trade Bitcoins by the way? It would be interesting to hear how that works in practice, especially since there are almost 11 million coins 'created' (according to this page), so it will be a 'thin' market in terms of market depth? (I could only find real-time market depth here, and it's weekend now so not indicative of true market conditions)

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 06 Apr 2013

JoshM wrote:Tresor, do you trade Bitcoins by the way?


No.

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Stan Bokov » 08 Apr 2013

We'll consider it, but I seriously doubt that it'll happen any time soon.
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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 09 Apr 2013

Stan Bokov wrote:We'll consider it, but I seriously doubt that it'll happen any time soon.


OK

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 10 Apr 2013

Stan,

These guys http://www.coinsetter.com/index.html just received $500k from investors to create a trading platform for bitcoin http://news.cnet.com/8301-1023_3-575787 ... -platform/

You can suggest your front end to Coinsetter guys and earn some money.

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby JoshM » 12 Apr 2013

Stan Bokov wrote:We'll consider it, but I seriously doubt that it'll happen any time soon.

No need to, it has already crashed. ;) Currently down 73% from the high on April 10th:

Image

Chart source.
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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 12 Apr 2013

I consider it bullish.
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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Morphicresonance » 13 Apr 2013

This Bitcoin crash was caused by so fast rise demand of bitcoins that the fundamentals of Bitcoin ( maximum limit of 21 million bitcoins to be created ) could not support the price explosion.

Technically the crash was parabolic price exhaustion. That rare formation happens only with steadily growing manic buying to the point that prices can no more rise more steeply
turning mania to full panic. With more steadily growing demand for Bitcoin that kind of crash could not have happened.

If the interest for Bitcoin grows also due the increasing inflation of many other currencies
then the Bitcoin will soon recover and possibly more parabolic price failures may follow.

This all tells not of any fundamental weakness of Bitcoin as such. Therefore Bitcoin datafeed should be considered as well as Litecoin datafeed.

Also the the amount of Litecoins in circulation will be fixed after the initial growth of the total quantity of Litecoins released to circulation.

If the fundamental value of any currency is determined by the total amount of it issued to circulation compared to the amount of goods traded by it -- fixed quantity currencies are destined to explode in their value unless hackers and governments can effectively sabotage these currencies.

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 14 Apr 2013

Morphicresonance wrote:If the interest for Bitcoin grows also due the increasing inflation of many other currencies
then the Bitcoin will soon recover and possibly more parabolic price failures may follow.


I agree. Note weak selling volume (at pice highs) and high buying volume (at lows).

Morphicresonance wrote:Therefore Bitcoin datafeed should be considered as well as Litecoin datafeed.


+1 for Litecoin

MC Team, Your competitor, MT has a dominant position in forex trading (they were on this market before you). Now you could establish your position in cyber currency trading - your potential entering the new market (where no other recognizable trading frontend yet accomodated) could give you a dominant position there (if you are quick).

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 15 Apr 2013

An aggregation site with bicoin resources and recent developments: http://www.thebitcoinchannel.com/

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 09 May 2013

Stan Bokov wrote:Tresor,

How would we do that? What needs to be done?


I will soon get my feet wet with Bitcoins. I opened an account at MtGox 3 weeks ago. They get 2 - 3 thousand new customers per day so the verification procedure took very long time. When I signed up I was 29,000th in the queue to be verified. Madness.
------------------------------------------------------------
Stan, this is what needs to be done if MC team decides to investigate adding MtGox and bitcoin charting / trading:

1. Open an account at MtGox (there is no need for you to fund this account) https://mtgox.com/ It will take a minute.

2. Through their website you can set the API to give you access to data feed and / or trading gateway.

3. This is the thread that discusses the API:
https://bitcointalk.org/index.php?topic=164404.0;all
and this one:
https://bitbucket.org/nitrous/mtgox-api ... background
------------------------------------------------------------
FYI MtGox has a few hundred thousand clients (I think it is more then Oanda you once hoped to add to a list of supported brokers) and these clients have no access to any charting software supporting Bitcoin (except for trials at SC), I just thought you might be interested in expanding to the cryptocurrency market.

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Re: Bitcoin trading with MC possible?

Postby admin » 10 May 2013

Tresor,

Thanks for the information.

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Re: Bitcoin trading with MC possible?

Postby Tresor » 15 May 2013

Stan,

Just an idea, there is an undertaking of yours called tradingview.com

If you can arrange for real-time Bitcoin charts on this website, I could immediately transmit this info to at least 100k people.

At the moment there is only one medium quality website that displays BTCUSD data, but charts there do not show other indicators than Volume and do not allow for applying basic objects to charts, e.g. trendlines.

How does it sound to you?

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Re: Bitcoin trading with MC possible?

Postby admin » 15 May 2013

Tresor wrote:Stan,

Just an idea, there is an undertaking of yours called tradingview.com

If you can arrange for real-time Bitcoin charts on this website, I could immediately transmit this info to at least 100k people.

At the moment there is only one medium quality website that displays BTCUSD data, but charts there do not show other indicators than Volume and do not allow for applying basic objects to charts, e.g. trendlines.

How does it sound to you?


Hi Tresor,

We indicated adding Bitcoins as our intention on TradingView. You can check out Bitcoin topic at the TradingView support page -https://getsatisfaction.com/tradingview/topics/bitcoin_charts. Question is how to connect it, where do we get the data through an API, and which updates enough. Send your info to me directly at sbokov@multicharts.com.

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Re: Bitcoin trading with MC possible?

Postby Tresor » 15 May 2013

admin wrote:Question is how to connect it, where do we get the data through an API, and which updates enough. Send your info to me directly at sbokov@multicharts.com.


Answers are in your inbox.

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Re: Bitcoin trading with MC possible?

Postby Tresor » 07 Jun 2013

WOW https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD#

If only I knew how to turn off those click-like sounds that are produced every few seconds.

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Re: Bitcoin trading with MC possible?

Postby Henry MultiСharts » 07 Jun 2013

Tresor wrote:If only I knew how to turn off those click-like sounds that are produced every few seconds.
There is a "Sound On/Off" icon above the chat (in the bottom right corner).
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Re: Bitcoin trading with MC possible?

Postby JoshM » 04 Sep 2013

Tresor, if you're still interested in Bitcoins, I saw that the MultiCharts supported broker AvaTrade supports Bitcoin trading: Bitcoins CFD. Just a FYI.

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Re: Bitcoin trading with MC possible?

Postby Tresor » 05 Sep 2013

Thanks Josh,

There are a few problems with Ava's offering:
1. 24/5 - while BTC trades 24/7
2. data for underlying instrument - noone knows whether this CFD is based on MtGox, BTC-e or Bitstamp prices
3. many more

Unless Ava sorts out the above, no Bitcoiner will touch Ava.

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Re: Bitcoin flash crash. Bitcoin trading with MC possible?

Postby Tresor » 27 Nov 2013

JoshM wrote:No need to, it has already crashed. ;) Currently down 73% from the high on April 10th:

Image





And from the crash shown on your picture bitcoin went to ATH of $1040 today: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD

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Re: Bitcoin trading with MC possible?

Postby bjornc » 17 Dec 2013

hi, i found this older topic..

is there a way to import mtgox btc/usd data into multicharts for backtesting?

regards

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Re: Bitcoin trading with MC possible?

Postby Tresor » 17 Dec 2013

bjornc wrote:hi, i found this older topic..

is there a way to import mtgox btc/usd data into multicharts for backtesting?

regards


People post BTCUSD ascii data on http://www.bitcointalk.org from time to time. You should go there and look for it.

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Re: Bitcoin trading with MC possible?

Postby templ » 19 Dec 2013

Tresor wrote:
bjornc wrote:hi, i found this older topic..

is there a way to import mtgox btc/usd data into multicharts for backtesting?

regards


People post BTCUSD ascii data on http://www.bitcointalk.org from time to time. You should go there and look for it.


Hey! ;)
"All" exchanges with csv data, easy to download.
http://api.bitcoincharts.com/v1/csv/

But I would like "realtime" BID/ASK data from mtgox, bitstamp and btc-e and kraken.

API's
https://www.bitstamp.net/api/
https://en.bitcoin.it/wiki/MtGox/API
https://btc-e.com/api/documentation
https://www.kraken.com/help/api

could someone do that?

For example, Clark Moody made a nice trading interface, but no data get stored etc. https://rtbtc.com/
There is also http://bitcoinwisdom.com/markets/mtgox/btcusd with orderbook, times&sales and you can switch easy to different exchanges.

So, where is MC? :(
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Re: Bitcoin trading with MC possible?

Postby templ » 19 Dec 2013

@Tresor

did you try "Trading Bitcoins With AVATrade in MultiCharts"?
https://www.multicharts.com/traders-blog/?p=1026

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Re: Bitcoin trading with MC possible?

Postby bjornc » 19 Dec 2013

when i try to select import from asci :
I cannot klick the OK button..
although it seems to recognize what's in it..

Image

any tips?

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Re: Bitcoin trading with MC possible?

Postby Tresor » 19 Dec 2013

templ wrote:But I would like "realtime" BID/ASK data from mtgox, bitstamp and btc-e and kraken.


BTCChina is also a big exchange. Kraken is the youngest exchange and most trader-friendly: stop losses, trailing stops, etc.

Note, BTC is not the only tradable cryptocurrency. There about 30 more.

Note, there are also other cryptoassets, like bonds, shares.

templ wrote:So, where is MC? :(


MC is a complex piece of software. It has features for complicated stuff like contract roll-overs, and whatnots. I never used more than 5% of MC's capabilities. Cryptocurrency traders wouldn't know what to do with it.

Cryptocurrencies (compared to forex and futures) are easy: 365/365 24/7, no roll-overs, no big point values, no strange 1/1000000 forex scales, etc. There is no need for heavy pieces of software in crypto. MC would be an overkill. In my revised opinion, there is no need for MC in crypto trading.

Tradingview on the other hand fits perfectly. It is the best tool on the market right now. I use it.

templ wrote:@Tresor

did you try "Trading Bitcoins With AVATrade in MultiCharts"?
https://www.multicharts.com/traders-blog/?p=1026


I did not.
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Re: Bitcoin trading with MC possible?

Postby Henry MultiСharts » 20 Dec 2013

bjornc wrote:when i try to select import from asci :
I cannot klick the OK button..
although it seems to recognize what's in it..

Image

any tips?

Each data resolution requires certain fields to be present in the file for importing/mapping the file:
"Date","Time","Price" are the necessary fields for tick data;
"Date","Time","Open", "High", "Low", "Close" are the necessary fields for minute data;
"Date","Open", "High", "Low", "Close" are the necessary fields for daily data.

Please make sure your file has the requried data fields and thay can be read by the MultiCharts ASCII import engine. For more information please see Importing Data.

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Re: Bitcoin trading with MC possible?

Postby bjornc » 25 Dec 2013

hi,

i finaly found a way.

downloaded: http://api.bitcoincharts.com/v1/csv/bitstampUSD.csv

wrote programm that converts unixtimestamp to readable date and time collumn

still gave problems with date's and times

so

then i imported that csv into mysql database. (heidisql client)
did a select with sort on date and time

then exported that result to csv file.(heidisql client)

then i imported the latest csv file into MC64 quotemanager.(no problems anymore)

opened a chart with history untill 1 jan 2012.

running a genetic backtesting as i'm typing..

waiting for the results.. this will be very interesting

i'll do the same for mtgox soon can't wait for the results

so it's possible :)

regards
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Re: Bitcoin trading with MC possible?

Postby bjornc » 25 Dec 2013

templ wrote:@Tresor

did you try "Trading Bitcoins With AVATrade in MultiCharts"?
https://www.multicharts.com/traders-blog/?p=1026

i try that and the history is very short on the pairs i tested with.. not realy worth for deep backtesting. (did not use bitcoin from avatrade though.. spread is insane, definately not the place for bitcoin trading. also 5/7 days open so no weekend data)

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Re: Bitcoin trading with MC possible?

Postby Tresor » 25 Dec 2013

bjornc wrote:
templ wrote:@Tresor

did you try "Trading Bitcoins With AVATrade in MultiCharts"?
https://www.multicharts.com/traders-blog/?p=1026

i try that and the history is very short on the pairs i tested with.. not realy worth for deep backtesting. (did not use bitcoin from avatrade though.. spread is insane, definately not the place for bitcoin trading. also 5/7 days open so no weekend data)


AVA is NOT Bitcoin! AVA is a videogame using unknown data.

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Re: Bitcoin trading with MC possible?

Postby Laurent » 17 Jan 2014

There is still no way to get bitcoin quotes from live gateways (mtgox, bitstamp, btcchina) in MultiCharts?

No connector for it?
You can only download manually daily EOD quotes...?? :(

So in fact you cannot trade BTC with your own indicators/systems.
It kinda s.....x :) I do not call that a SOLVED topic.

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Re: Bitcoin trading with MC possible?

Postby Tresor » 18 Jan 2014

Laurent wrote:It kinda s.....x :) I do not call that a SOLVED topic.


There may not be a solution for a few years. And the solution most likely in my opinion will not come from MC team.

Note, BTC is one of more than 100 cryptocurrencies: http://www.cryptocoincharts.info/v2/coins/info

Note, Gox, Stamp, Btcchina are a few out of many other cryptocurrency exchanges: http://www.cryptocoincharts.info/v2/markets/info

Gox no longer has 80% of the market. I just got an e-mail from them telling me they exceeded 1 million active accounts. There are a few million active cryptocurrency accounts (people who trade crypto) in the world (e.g. 10% of the Dutch have cryptocurrency wallets). And this number is dubbling every month.

Imagine that 5% of people who actively trade cryptocurrencies would start using MC:
- you would have mess on the forum (thousands people asking silly questions)
- feature request number would increase tenfold in a month.
MC team with its streatched resources could not provide support without neglecting the traditional customer base. Do you want this?

Software that is lighter and easier to operate than MC is needed for crypto trading. And a team of developers (i) who are not afraid to constantly add new exchanges and (ii) who can add features not known in traditional / legacy trading would be a must. This can't be done by MC team without killing its existing product.

Whoever comes first with a good solution is going to earn millions :)
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Re: Bitcoin trading with MC possible?

Postby bjornc » 18 Jan 2014

they just need to provide feeds from the major bitcoin exchanges. No need for all those altcoins..

correct me if i'm wrong but tradingview is also run by the same guys as mc right?
TV has already feeds from the major bitcoin exchanges.. so why not make it available for multicharts.

new customers from bitcoin will buy multicharts if they like it.. (like me).

the guys using multicharts will be probably coders.. because tradingview has already everything for the noncoder bitcoin trader.

it's the autotrade guys who will want MC for backtesting especialy. There might be a short time of forum overload but
i dont think it will be problematic.
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Re: Bitcoin trading with MC possible?

Postby Tresor » 18 Jan 2014

bjornc wrote:No need for all those altcoins..

No need for altcoins? I trade so called altcoins :)

There is a need for a platform that will have not only one cryptocurrency (BTC), but also:
- other cryptocurrencies (there are cryptocurrencies in development that have even bigger potential of growth than BTC, e.g. zerocoin);
- other assets like cryptostocks, bonds (there are cryptosecurities exchanges).

bjornc wrote:new customers from bitcoin will buy multicharts if they like it.. (like me).

In this event there would be a danger of flooding this forum with many new members (that would potentially translate into a risk of neglecting the present customers) asking silly technical questions about MC and requesting that new exchanges (including distributed exchanges) and new asset types be added.

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Re: Bitcoin trading with MC possible?

Postby ajcrshr » 12 Apr 2014

Has anyone been able to get MC working with BTC-e or Bitstamp market depth?

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Re: Bitcoin trading with MC possible?

Postby gpw797 » 24 Feb 2017

I bought my first bitcoins for close to $245 and today it is about $1,200 pretty good return for about 18 months. It is getting a lot more popular and accepted, trading at GDAX has plenty of liquidity and lot's of volume AND they have a good API. I have a couple strategies that would have performed very well over the last year or two.. It would be nice if Multicharts would add the API and we could use MC to trade bitcoin.

On another note, I thought that Multicharts was going to add Collective2 API. I see that there is a 3rd party solution available, but it is EXPENSIVE, costs more than I paid for my MC license. Any chance we could finally get Collective2 added?

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Re: Bitcoin trading with MC possible?

Postby shane1800 » 26 Feb 2017

I'm interested in this also. Would love to stay with MC rather than the other coin trading options out there.

The market cap of the top coins is growing nicely and I am interested in trading Dash, Bitcoin, Ethereum.

https://www.worldcoinindex.com

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Re: Bitcoin trading with MC possible?

Postby joyjoy » 13 Jun 2017

I also would like to trade bitcoin with multicharts, please make it possible. Thanks.

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Re: Bitcoin trading with MC possible?

Postby jerryhd » 27 Jan 2018

BarCharts, an MC data vendor, has supplied crypto data for months but as of early January 2018 MC has not updated their API to receive it.
When will this be remediated?

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Re: Bitcoin trading with MC possible?  [SOLVED]

Postby Henry MultiСharts » 31 Jan 2018

jerryhd wrote:BarCharts, an MC data vendor, has supplied crypto data for months but as of early January 2018 MC has not updated their API to receive it.
When will this be remediated?
Hello jerryhd,

Cryptocurrencies from BarChart and Poloniex are supported since MultiCharts 11.0 Release 6.
Please run QuoteManager and go to Instrument-> Add symbol-> From Data source-> BarChart -> Cryptocurrencies.
You will need to have BarChart account to receive the data from this feed.

Poloniex connection works without any credentials. Instruments should be added same way as described above for BarChart.

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Re: Bitcoin trading with MC possible?

Postby jerryhd » 22 Feb 2018

Thanks. Poloniex data is working fine, but I still need an MC API to link to an exchange or broker for MC chart trading cryptos.

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Henry MultiСharts
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Re: Bitcoin trading with MC possible?

Postby Henry MultiСharts » 23 Feb 2018

jerryhd wrote:Thanks. Poloniex data is working fine, but I still need an MC API to link to an exchange or broker for MC chart trading cryptos.
jerryhd, please email to support regarding this inquiry.

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Re: Bitcoin trading with MC possible?

Postby bomberone1 » 28 Feb 2018

BITFINEX is The world's largest and most advanced cryptocurrency exchange.
Please add the connection to chart and trading by MC

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Henry MultiСharts
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Re: Bitcoin trading with MC possible?

Postby Henry MultiСharts » 01 Mar 2018

bomberone1 wrote:BITFINEX is The world's largest and most advanced cryptocurrency exchange.
Please add the connection to chart and trading by MC
bomberone1, we are going to have the BITFINEX datafeed added in one of the future versions of MultiCharts.

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Re: Bitcoin trading with MC possible?

Postby bomberone1 » 01 Mar 2018

Great and do you have the BITFINEX trading?

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Henry MultiСharts
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Re: Bitcoin trading with MC possible?

Postby Henry MultiСharts » 07 Jun 2018

bomberone1 wrote:Great and do you have the BITFINEX trading?
Not at the moment. You can receive and trade some of the crypto symbols from LMAX.

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Re: Bitcoin trading with MC possible?

Postby shane1800 » 14 Jul 2018

Hi Henry,

Any ETA on Bitfinex or Poloniex trading API as I'm excited to use MC for crypto trading?

Or can we make a trading connection to Bitfinex API ourselves?

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Henry MultiСharts
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Re: Bitcoin trading with MC possible?

Postby Henry MultiСharts » 16 Jul 2018

shane1800 wrote:Hi Henry,
Any ETA on Bitfinex or Poloniex trading API as I'm excited to use MC for crypto trading?
Or can we make a trading connection to Bitfinex API ourselves?
shane1800, this is not something that is in our to-do list at the moment. You can program your own connection plugin using our SDK.
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Re: Bitcoin trading with MC possible?

Postby orad » 10 Oct 2018

Thanks for adding cryptocurrencies to the new MultiCharts. This is exciting, but after playing a little bit with it, I'm left totally clueless about how the symbol settings and lot sizes should work for cryptocurrencies.

Please let me know if I'm mistaken on any of my observations below.

I have added BTCUSD from BITFINEX.

The original symbol settings for BTCUSD are:

Symbol: BTCUSD
Price Scale: 1/100000000
Min. Movement: 1
Big Point Value: 1
Currency: Use Exchange Settings (None)


When I try to send signal orders to it, I got error message: "The currency for the BTCUSD @ BITFINEX instrument is not set." I set the currency to USD because it shows the value of BTC in USD. Maybe all xyzUSD cryptocurrencies should have USD set by default.

To understand BTCUSD symbol settings, I compare them with the ES (e-mini S&P 500) instrument. For example:

Symbol: ESH9
Price Scale: 1/100
Min. Movement: 25
Big Point Value: 50
Currency: USD


means:
$50 is divided into 100 parts (BigPointValue * PriceScale) and a tick is 25 parts (MinMovement).
Value of a tick is ($50 * (1/100)) * 25 = $12.50
Unit of lots when sending orders is in ES contracts.

If Big Point Value is the price of 1 unit on the vertical scale in the currency of the symbol, then for BTCUSD we have:

$1 is divided into 100,000,000 parts (BigPointValue * PriceScale) and a tick is 1 part (MinMovement).
Value of a tick is (1 * (1/100000000)) * 1 = $0.00000001
Unit of lots when sending orders is in BTC.

Problems:

We don't want to scale $1 down to 100,000,000 parts but we want to be able to specify orders in microBTC or Satoshis which is 0.00000001 BTC.

Also, the IOrderMarket.Send(int numLots) method receives amounts only in integers. Nobody wants to trade cryptocurrencies in whole numbers. I may want to order to buy/sell 0.000025 BTC or even smaller.

How can I do that?

TL;DR: How can I send trade orders of cryptos with fractions?

I'm only trying to test some ideas. I know BITFINEXT API for trading is not available yet.

Using MultiCharts .NET64 Version 12.0 Release (Build 16872)

Thanks!

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Re: Bitcoin trading with MC possible?

Postby Anna MultiCharts » 12 Oct 2018

Hello, orad!

MultiCharts supports trading only by integer number of contracts. But as far as at the moment crypto trading is not available, you can do backtesting with a fractional BPV value. The minimal BPV that can be set is 0.00001. So in backtesting if your order is generated for 1 contract it will be equal to 0.00001 of BTC.
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Re: Bitcoin trading with MC possible?

Postby orad » 14 Oct 2018

Please vote up:

Feature request MC-2525 - Support Trading Cryptocurrencies


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