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You just made me laugh out loud at myself. I had downloaded Multicharts to play with it awhile back, but had a hard time figuring it out and decided it was not worth the hassle to re-learn software when I am very happy with NT (except for the backtesting flaw I am reading about, and have experienced on many occasions). Now I see that the reason I was having trouble may be that Multicharts does not do what I was trying to get it to do? Classic.
Can you help answer these questions from other members on NexusFi?
Broker: Tradestation/Tradestation, NinjaTrader, FXCM and Tallinex
Trading: ES, CL, EUR/USD, TF
Posts: 173 since Aug 2009
Thanks Given: 105
Thanks Received: 61
HI Mike
great video. thank you. I was thinking of trying out Multicharts and was wondering if you think it can handle something like this for ES:
take current date say, jan 01, 2010
then find which futures contract would be the main contract that is trading. in this case, it is march 2010
take current date of ES march 2010 minus ES june 2010 (both on the current date) //basically the difference of current to the next month
then if march > 0 print a green dot in bottom pane for that day. If <= 0 then print grey dot
So, it would have to do this for each historical bar, so I could see the spx, or dow, or any chart, and the bottom indicator would be based soley on historical ES futures contracts going back to 1997 daily data.
not sure if you have to add all that data to the chart: 4 contracts per year for 14 years is 54 data series. I would of course import all of that, but not sure if it can just "lookup" what it needs, or if it needs to actually get added to the chart.
Basically, this is an indicator that shows demand in the front month futures contract which some say is a bullish sign.
I have noticed that there is currently a premium in the current march ES contract right now compared to June. This has been going on for a while, but was not during the crash of 2008. So, I wanted to go back in time and see how it looks on a chart and see how accurate this condition is.
Not sure if this sounds like it would be possible, and it if is, would a .dll or outside code be needed?
What I like so far about Mulitcharts, is it sounds like it is very easy to import data, there is an abundance of easy language tutorials out there, plus all of those extra features you pointed out in the video.
Also, do you feel like you have to use a custom genetic optimizer in Multicharts? You said it is way better than NinjaTrader, however, on NinjaTrader, you use a custom one.
yep,....knew that by his profile,..I just don't have time for that kind of thing,.....
Tradestation has been good for me to build my knowledge for what I need, but I am really thinking I don't want to pay unnecessary fees any longer just to have a platform, much less the data too,....
I wish I did have more time to tinker,......I've been relegated to swing trading for awhile, but it is suiting me much better these days.
Less stress