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Arrow Reader
As a Multicharts user, I am not too happy with their market replay functionality which got left behind in terms of integration with some more exotic features MC has released. For example, while in play-back you cannot place trades on the chart.
Consequently, my way to practice off-line sim-trades is just by scrolling a chart back to its first page of bars, and progressing the chart bar by bar to the right. I usually place arrows to mark entry/exit points in the market, and I do scale out.
It would be great to have an indicator (let's say), that would read the arrows I place on the bars and issue entry/partial exit/exit decisions that I could later analyze in Multichart's performance report.
Potential solution:
- Build such an indicator as described above (able to read some custom drawings such as arrows and issue signals)
Build such an arrow-reader indicator, which does:
- Read all arrows one by one, and enters long/short, depending on arrow orientation;
- Size is given by the number placed on the text attribute of the arrow
- The program can scale out - let's say, one enters long with 3 contracts and has 3 sell orders for 1 contract each later on.
Any suggestions for improvements welcome!
Category MultiCharts
1557
andby
Comments/ratings
hoolio June 18th, 2014 08:38 AM
andby,
Many, many thanks.
Had no idea you could do this.
I was doing exactly the same as you, just writing them down and with no way to get MC to show the trades in bar replay.
I'll send you a couple of questions on this
sptrader October 24th, 2014 10:26 PM
Very creative solution to the discretionary back test problem...