Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Back and forth on whether to even post this as it offers nothing constructive but rather only expresses my opinion. Just can't hold back though. TradeStation is awful and Easylanguage compared to C# is like the dude spraying graffiti in the alley behind the YMCA compared to Picasso. I'd think long and hard about sidling up too close to Multicharts - not because there's anything wrong with MC (other than EasyLanguage) but because they always run the risk of getting "cease and desisted" by TS. One more little quick rant: I've used several charting platforms and they all have some really nice features and some really frustrating features. To this point, I have not seen anything that is perfect. I'm not being an advocate for NT7 either - but in your case (Big Mike), you've already put in a good deal of time developing proficiency with NT. If your primary objective with trading is to make money trading, then both platform and chart shopping / comparing can easily become a distraction rather than an improvement to your bottom line. You need 2 things from your broker: great fills and low commissions. Anything beyond that is a bonus. From your charts, you need to see exactly what you need in order to make your trading decisions, nothing more, nothing less.
I'm not positive but I believe that's just so you cache the data so you can build a chart based on the bid or ask later. Easylanguage has no equivalent to NT OnMarketData() that would give you a reliable inside bid or ask, so even if they were stored I wouldn't use them except as a last resort.
In MC6, a feature I haven't used is "precise" backtesting. It seems you add the Ask and Bid charts to your backtest chart, and then point MC to it for the backtest, and I suppose it uses that extra data to make the backtest more realistic in some sense. But I don't have any experience with that.
For tick based charts, MC does calculate the uptick volume and downtick volume on past bars, which is a decent proxy for bid and ask volume in most cases.
This is spot on. insidebid and insideask return current values, not the value when the tick occurred. It is asynchronous. I am looking at a workaround to this.
BTW you can write stuff and compile it into .DLL's opening up other languages. Obviously a learning curve with this but once you understand the calling conventions it might be a good option for you Cx guys. Personally I love easy language for quick prototyping. Something that takes hours in NT I can usually get done in minutes!
As part of my MultiCharts journey, I have just uploaded two pdf ebooks to the FIle Sharing section. Both are on EasyLanguage, one is a introduction and the other is more of a reference guide.
Shelved MC for a while, it can't handle custom continuous contracts at all. You can "import" them but the OHLC are totally incorrect and increasingly incorrect the further you go back in history. as a result its data integrity is way out of whack and will not optimize systems properly with tradestation data feeds.