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Anyone done any Pair Trading Strategy backtesting with easy language and Multicharts? I am new to the platform but not to easy language and have an idea i want to do some testing on. I have done some poking around in various internet locations but not turned up much.
Anyone have any code/experience/places for me to start? Just going to write a basic pair strategy for the basket of S&P stocks vs the SPY (one trade is one S&P stock and the SPY).
I know I cant do it from a single chart...but that is all i know.
thanks
Can you help answer these questions from other members on NexusFi?
I know of a third party product that claims to have designed pair-trading signals for MC and TS. This is not an endorsement, I have not used this product, I just know it exists. Feel free to check it out and share your feedback. Pair Trading Strategy for Tradestation and/or MultiCharts
MultiCharts - Raising the Trading Standard.
Please send me a private message if you have any further questions about MultiCharts
Hi Folks,
New here so hello. I am not yet a paying Multicharts customer and don't have access to post on their forum so thought I'd ask this question here..
A seemingly basic question, but how do I combine two instruments on a chart in Multicharts? …
Pairs trading trading (= pass orders) could also be possible, at least by using two charts (one with the first instrument, the other with the second instrument), and applying the same signal to them (just swap the role of data1 and data2).
These are the 2 ideas which come to my mind. Perhaps there are better solutions. I have not used MC for a while.
An even bigger problem with pairs trading is finding a vendor that gives you the correct pairs price by subtracting the prices of the stocks on a tick by tick bases. For example, thinkorswim just forms an estimate based on the individual stock bars' close and open, which gives inaccurate numbers for the high and low of the pair's bar. I stopped pairs trading because I don't want to risk my money on false data. I think backtesting wouldn't be dependable without first having an accurate price history.
