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Tasuki

Tradestation Vs Multicharts

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Thanks for reporting back. Based on your review, I'm once again optimistic with Multicharts. I gave up on them about three years ago. Would you mind posting any favorite charts along with your fav indicators?

 

Have a look at the new options for Renko charts - SHOW WICKS. The Renkos give a nice smooth clean chart and the visibility of the wicks is very important for backtesting.

 

EL

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Hi All

 

I currently use Tradestation but am trialing Multicharts.

 

One problem Ive had is getting an indicator to "display" in Multicharts as per Tradestion.

 

Is this likely to something in the "code" eventhough its "compiled" without error & study is added to the chart or more likely something in the Multichart "settings" I need to tweek. Ive tried adjusting various chart/window settings without success but accept I may be missing something very obvious!

 

I didnt write the code (I'm not a coder) and just imported the indicator (an ATR trailing stop) from my Tradestation.

 

Any hints, advice, ..solution;) appreciated

 

Cheers

5aa710e8cae67_TSVMC2.jpg.8039b341b83a5bbea1a5767474327104.jpg

MultiCharts2.png.ecb4214119ae8c89fac62fda2de0260f.png

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The MC status line says you have an ATR Trailing Stop input set to black.

 

Other than that .. there isn't much information in the pictures or description. Can you post the code? Does the MC chart list the indicators status as "on"? How many days or bars of data are loaded? When you hover the mouse cursor on a bar what does the data window report as the value for the plot you're expecting to see? What does the scaling tab of the indicator show?

 

Hi All

 

I currently use Tradestation but am trialing Multicharts.

 

One problem Ive had is getting an indicator to "display" in Multicharts as per Tradestion.

 

Is this likely to something in the "code" eventhough its "compiled" without error & study is added to the chart or more likely something in the Multichart "settings" I need to tweek. Ive tried adjusting various chart/window settings without success but accept I may be missing something very obvious!

 

I didnt write the code (I'm not a coder) and just imported the indicator (an ATR trailing stop) from my Tradestation.

 

Any hints, advice, ..solution;) appreciated

 

Cheers

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Hi

 

Thanks for your reply.

 

- MC Status is ON...Subchart #1...Base study on 1

 

- Max No. of bars study will reference is "auto detect"...makes no difference if I input a "user specified" amount.

 

- When curser moved over bar, data window shows ATR Trailing Short Stop/Long Stop as "blank"..I would expect to see the value of the (not as yet) plotted line which is the trailing Long/Short stop line.

 

Indicator "scaling" tab is set to "Screen, use margins, Linear" ticked...Have tried other settings within "Scaling" without success.

 

Indicator "Properties" tab "advanced" all ticked - Have tried "un-ticking" these without success.

 

Moderated Message:
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Edited by TheNegotiator

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If you have time please post the code for the ***function*** named ATRtrailingstop, because I would like to see how it works ... and it's preventing me from compiling this indicator, but I did find the bug. I replaced the color input (which was set to black) with 2 inputs that are red and green. You might need to reverse the colors if they are upside down because I didn't look at this closely.

 

When you recompile this the inputs will change. That means it will need to be removed from the chart and reinserted before the new inputs will work. If you close the editor after it's complied you can change the input colors and set their default values while the indicator is loaded in the chart, without triggering events within the editor that might cause additional momentary confusion.

 

Moderated Message:
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Edited by TheNegotiator

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Tradestation has given me notice that they won't be supporting my favorite version of their software, the old version 8.7 (later versions suck). So, I'm considering where to go, and I heard somewhere that I might be able to import my Tradestation indicators into Multicharts. Is this true? If anyone knows, please gimme some advice here. How similar is Multicharts to Tradestation? Are there any major disadvantages to Multicharts?

Thanks,

Tasuki

 

I had no problems importing my thousands of ELDs into MC, although a couple look a little different than they did in TS. There may have been a couple that needed revision, but 98% or 99% compatible with 8.7 or earlier (not the new OOEL).

Edited by trade-samarai

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The newer versions of TS include very useful object oriented programming. I am very curious to know what you can do in 8.7 that you can not do in 9.1, or what 8.7 does different from 9.1.

 

The new versions are faster, have made moves towards multi-threading and as far as I know contain all the features of the older versions plus some powerful new features - could you please be more specific in why you say the newer versions "suck."

 

UB

Hi Urma, how's Vegas.. hot yet?

 

I agree that TS is making strides forward. Here are some remaining weaknesses (may be corrected within a year or so):

 

ADE doesn't play well with OOEL yet. Also MC has a new 64-bit with multi-core backtesting and mixing tick with time-based, etc. Also, multiple brokers and data sources may provide a finer granularity time-stamp.

 

TS also has advantages like being a "One stop shop," a huge database of data and a great forum of users and code. TS data loads much, much quicker than IB data with MC.

 

PS I'm going to start using MC, but I haven't dumped TS either. There are advantages to both.

Edited by trade-samarai

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with OOEL, you won't need ADE or GV or ELC, etc., anymore.

you do have to rewrite the codes,

the most likely benefit is the code will update faster.

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with OOEL, you won't need ADE or GV or ELC, etc., anymore.

you do have to rewrite the codes,

the most likely benefit is the code will update faster.

 

In theory yes, but the replacement in OOEL for TS9+ is the PriceSeriesProvider (PSP) which so far has shown some limitations.

 

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=111589

 

I fully expect TS to iron out all these issues. It's just a matter of time.

 

P.S. Don't get me wrong, I'm encouraged by the moves both TS and MC are making.

Edited by trade-samarai

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Lets clarify this comment as it isn't 100% accurate.

 

TradeStation's charts support multiple cores which allow the workload of each chart to be off loaded on to different cores in a round robin fashion.

 

...but where most people seem to be truly salivating for multicore functionality is in backtesting, and this currently is not multicore.

 

So if you are running 12 monitors and 15 workspaces like the guy that started this thread then the newer version of TS with multicore support probably is of some benefit.

 

But if you are looking to back test all kinds of wild concepts with your new 8 core, Overclocked, Liquid Nitrogen cooled system w/ it's 24GB of Ram & 1TB Raid 0 SSD configuration ...you may be disappointed to see 1 core pegged in your task manager and the other 7 floating around basically at idle.

 

Ashton....

I had spoken to a TS tech who alluded to the fact that you can config your cores to process tasks (ie: backtesting and optimization) to run on different cores. Has anyone explored this? He was adamant to the fac that this can be done fairly easy but was unable to point me as to "how" due to compliance reasons. He told me that he was confident that if i googled it i would find the answer.... This is the first thread i came across. If anyone finds the solution please let me know. thanks

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