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MC 7.0 will have discretionary trading and a DOM. As mentioned earlier in this thread, MC 6 does not. MC 7 is due out in a few months (another nice thing about MC, they do several releases a year on a consistent basis).
Someone wrote an EasyLanguage add-on that lets you trade from the chart. I have not tried it, but others seem to say it got the job done. For this moment, I am using NT DOM and only a DOM (nothing else, to prevent crashing) next to a MC chart.
As a professional C# developer, NT's C# support and integration into the .NET framework was my initial draw to NT. I like how I have the entire toolset of .NET at my trading fingertips to, say
log data to an external SQL Server database via ADO.NET for data warehousing and multi-dimensional analysis
scrape data off of the internet and incorporate, say, news feeds into my strategies
publishing signals to an RSS feed that I can follow on my iPhone
other more creative things I have not yet dreamed of
I'm not sure how well EL can handle these things, though as a former, light user of Tradestation I know it does have some file support. But with NT my strategies and indicators can do anything any .NET program I write for Windows can do. BTW, a friend of mine that interviewed for a QA job at TraseStation said they are working on C#/.NET support in a future release.
As for NT7, I have been hearing people's gripes but not yet experienced them as I am not an NT7 beta user, but I just recently got on their list for the next beta release. As for 6.5, I have never had NT crash, and only had the database corrupt on me once, which I was able to fix just fine. I also reboot my machine daily, as I find it runs more stably with a fresh reboot. If you're running strats 24x7 you should just run them 24x5 and reboot over the weekends. I recognize that I probably don't trade nor backtest as frequently as some of these other users that are crashing so often, but that's just my experience. I trade for 1-2 hours in the morning and sometimes leave my 2-3 yr old quad core Dell on overnight if I want to look for some FX setups while I'm sleeping. It is running on Windows Vista Ultimate with 3GB of RAM. Most of my research, strategy and indicator development I do on my relatively new laptop which has also been working fine (using NT6.5)
I also share the concern as to how long NT7 has taken. I think their software development management is poor. They should have never tried to swallow so many features and drastically large architectural changes in the same release. I think many of us would have been happy with a NT6.5 release with the improved database support as NT7, then all of the other improvements could have been added as NT7 point releases. This more agile approach improves the quality of the product and keeps customers happy getting the small improvements they want all the while and going for large architectural changes only every 1-2 years.
Multicharts supports the DLL interface from easylanguage, so you should be able to call out to a C++ based DLL to do whatever you want. I would not categorize it as easy to do, but I have done it in Tradestation and once you find and understand the doc it works just fine.
A little off-topic and it's just my opinion, but as old-fashioned MCU programmer ;-) , I think, that some critical applications should still not be written in .NET or JAVA .
... and don't get me started about the laziness that visual text editors encourage. That's why I'm making my own platform, in machine language, by manually flipping bits on my hard drive with a magnet.
More on the renko test. Below is a slow motion replay via MultiCharts for today.
I am showing in total it took 60 trades and made $1395 after commission and slippage. As I replay the results, it seems to be working as expected. But, I don't have much experience with Renko charts so take a close look and give me your thoughts.