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Could somebody point me to some good description/tutorial/explanation on how to call an external DLL from Multicharts or Easylanguage if that's no different.
Regarding the planned MC 7.0 release with discretionary trading (DOM/chart trader, sim engine)...
What features do you think are required? Let's say you are like me and you are using MultiCharts for charting, backtesting, development but using NinjaTrader for discretionary trading (for the DOM). What features would MC 7 need to consist of in order for you to stop using Ninja completely?
I'm giving this some thought and will be sharing my insights and recommendations, as well as yours, with the MultiCharts team next week in hopes they will agree and give us what we want
Not sure there is a "good" one, but you can find more examples in the Tradestation forums/wiki. Everything is the same as TS, except where you place the DLL (in the MC dir instead of TS dir). You can also put a path in the DLL ref in the EasyLanguage instead of putting the DLL in the program dir, making it a little easier to know what you have loaded on a system. The TS DLLs work fine (i.e. global vars, ADE etc.).
I am just starting to look at and learn about ADE (All Data Everywhere). Attached is a document on the ELCollections library, which ADE is built on. Hope it is useful to some
Interestingly, NT has chosen to make a grand total of zero changes to the DOM in NT7. Thats because they generally do the DOM pretty well. The following are things I would be looking for:
*price static, but manually scrollable
* ability to have cumulative level2
* single click order entry / modification
* ability to see PnL as another column (see tradestation)
* ability to go flat with single click
* ability to cancel all orders with single click
* display avg price of position in ladder
* visually show that you are in sim vs live
I have always thought that combining the DOM within the chart would be cool. TradeVec actually does this, and it is kind of the ultimate chart trader. TradeVec is still just getting started, but this feature is worth taking a look at IMO.
The NT ATMs would also be needed in some form. However they are implemented, an important feature is being able to manually change them on the fly within the DOM, and not have the ATM undo the manual changes.
Chart trader is not mandatory for entry, but is really helpful in terms of managing a trade.
Thanks aslan. Any examples you can provide of TradeVec? I looked around on their website... are you sure they are still in business? Looks like a possible failed startup to me? Or they've just not updated their website in a year and shutdown the community/forum ?
Missing Multicharts features for me:
1/ Chart trading. They could take NT chart trading portion as example. At least possibility to place/manage orders directly in the chart and using some ATM could be very useful.
2/ Not so important, but still very useful: global simulation mode like in NT.
3/ Cross-grade price. If they wants to attract users of NT (or other similar price/functionality software) to upgrade to Multicharts, some kind of upgrade price could be useful. Also, because they are using swreg for order processing, for EU customers to purchase Multicarts is USD1497 + VAT (lets say about 20%, depends on country) is added so about USD 1800. You can purchase NT single broker directly by using CC for USD 995 (no VAT added).
Almost twice price and no DOM, Chart trading, smaller community, but excellent speed and stability ;-) .