Tag Archives: Multicharts

Python do it yourself coding vs 3rd party trading platforms like Multicharts

Python do it yourself coding vs 3rd party trading platforms like Multicharts

Questions from someone via my help desk:

Hope all is well. I am at a crossroads right now when it comes to choosing a platform, and coding the proper language for some strategies.  Im not interested in wasting too much time, for now. I do have interest down in the road when my time frees up to go through libraries of videos. I have accounts at Interacrive Brokers, and was planning on using Multicharts to execute trades to IB but have come across the open source you were posting about with tradelink. Does this seem like the route to be taking? Coding language for tradelink? I read about guys bashing people for not wanting to pay the $1500/lifetime but for what Ive paid for a lot of programming to get done Id be penny pinching these days just like anyone else and asking questions. Hindsight is 20/20 and I dont want to waste much more time and or money. Im looking to just begin trading and trying to open up avenues for business grow when that happens. Thanks for the time.

Get more info on this Python Algo Course here 

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Would you Use this Futures Trading Systems Collection for Retail or Day Trading Systems like Tradestation or Multicharts

Would you Use this  Futures Trading Systems Collection for Retail or Day Trading Systems like Tradestation or Multicharts

Would you Use this Affordable Futures Trading Systems Collection for Retail Systems like Tradestation or Multicharts

This was sent from a local Meetup follower but I am holding back on these kind of systems as I don’t know. I will stick with my Trade Manager for now What is your view on these kind of future system?

What is your general opinion on these type of systems?

Hmm..

Tower Research founder Mark Gorton is HFT modern god as he is hiring like a mad man

These HFT founders looks solid compared to others. He was a developer of the infamous Lime Wire network but also built out Lime Brokerages. As this brokerage became the goto one for smaller HFT shops, I did not know he was connected to this shop:

Go through these career postings including the tech ones which specifically identifies what they use (that is fascinating a no one else does this I have seen)

Here are the latest posting for my Elite members:

Black scholes continued, the Delta effect

Very cool!

Bryan

P.S. As usual, I posted some not so pretty looking US housing data on my Facebook, check it out

https://www.facebook.com/bryan.downing2

Reminder #1 on our my fave charting library demo for .NET is coming up

GOTOMEETING Login details for DOTNET MEETUP GO Infragistics Charting Demo this Tues Feb 3 at 7PM EST!

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Would you Use this Affordable Futures Trading Systems Collection for Retail Systems like Tradestation or Multicharts

Would you Use this Affordable Futures Trading Systems Collection for Retail Systems like Tradestation or Multicharts

This was sent from a local Meetup follower but I am holding back on these kind of systems as I don’t know. I will stick with my Trade Manager for now

http://timingcharts.com/tradingsystems/

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The Matlab F Sharp vs Python vs retail trading platform severe limitations debate like Multicharts

The F Sharp vs Python vs retail trading platform severe limitations debate like Multicharts

 

This is from one of my newsletter subscribers:

But all your coding is done in Matlab? I am asking because all my algos are based on Powerlanguage from Multicharts and I am thinking of learning Python.

–> Yes Multicharts and other similar retail trading platforms will give you headaches in terms of limitations. I cannot really comment about Python but I have investigated F# which is somewhat similar which has more advantages which I will investigate in coming months. I do see myself using more rapid algo development with this workflow:

How to use Mupad MATLAB and Symbolic Math Toolbox to Develop and Analyze Financial Models

 

http://vschart.com/compare/fsharp/vs/python-programming-language

 

….He told me they have written their backtesting engine in Python.

 

–> It may be hard to extend Python scripts into useful order execution which is why I prefer F# at this point but I could be dead wrong on that

 

I think Multicharts is really great but i am reaching some limits when working with hundreds of millions of ticks.

 

–> Ah yes, check out https://quantlabs.net/blog/?s=multicharts

 

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Why I dump on Multicharts and other retail trading platforms? What I offer as a solution

Why I dump on Multicharts and other retail trading platforms? What I offer as a solution
A Youtube comment came in from:
Funny how you knock multicharts for the steep price but don’t see the irony of the pricing for your own premium membership.
I responded with:
Does Multicharts do live webinar sessions, offer end to end source code solutions, dozens hours of code walkthrough, enterprise ready software solutions? I could go on.
This guy is referring to my new ELITE membership
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Quant Trader agree with Seeing the limits of Tradestation and Multicharts but freedom with DotNET and Cplusplus source code

Quant Trader agree with Seeing the limits of Tradestation and Multicharts but freedom with DotNET and Cplusplus source code

This just came in from a QUantabs.net Premium Member today so thank to them

173.10.44.154    Submitted on 2014/01/09 at 10:03 pm

Bryan! I agree with your view as well. That is, the flaws in TS and MC are serious barriers for me as well. In my comments I addressed some benefits, and ignored the flaws. If TS and MC did not have these flaws, I would probably be able to trade profitably without following your proprietary development path. TS and MC are helpful, particularly in the historical data graphics and some aspects of intra-bar price path analysis in back testing but these still have serious limitations, even worse in my own view than the ones you cited. HFT has never been practical on “retail” trading platforms to the best of my knowledge. Which is, BTW, a main reason why I am a member of your Quantlabs! If you give me the dot net or C++ source code functions to call for writing the indicators and strategies I will be happy, whether you write them yourself or draw help to write and test them using MC dot net. Keep up the good work, you are saving me years of hassles with the retail platform software with your researching and reviews. https://quantlabs.net/blog/2014/01/my-view-of-limited-retail-trading-platforms-multicharts-and-tradestation-vs-custom-dotnet-c-solutions-with-full-source-code/

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Is it wise to use source from Metatrader Tradestation Multicharts Ninja Trader as pseudo code to code up your proprietary strategy in DotNet or CSharp?

Is it wise to use source from Metatrader Tradestation Multicharts Ninja Trader as pseudo code to code up your proprietary strategy in DotNet or CSharp?

This got me think as I attack this Kaufman book?

End to end book review: Quant and Technical Analysis book to cover all aspects of math and automated trading – See more at: https://quantlabs.net/blog/2013/12/end-to-end-book-review-quant-and-technical-analysis-book-to-cover-all-aspects-of-math-and-automated-trading/#sthash.y6jqg6tr.dpuf
Send over your opinions at:
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Why NOSQL MongoDB is really important to traders and quants who are limited with Multicharts Tradestation Ninja Trader Metatrader

Why NOSQL MongoDB is really important to traders and quants who are limited with licenses Multicharts Tradestation Ninja Trader Metatrader

I agreee with what is being said here

This comment below came in from:

Using MongoDB in memory for real time open source NOSQL tick database with CEP Java Matlab

Bryan:

I wish to say that the MongoDB webinar is a must see for anybody who has not become familiar with it.

I learned a lot about how to more easily break out of the proprietary platform software jails. These legacy platforms are generally using proprietary internal data aggregation software making it difficult to escape the “lock-in” trap.

Paying for license buys/hires experts in scalable manner when needed instead of being barrier to entry oriented.

Business model is aligned with software design philosophy for scaling up developers and users alike.

I’ll share my own view as one anecdotal example:
I have had both TradeStation and MultiCharts for a long time, (actually too many different ones) because I am not “big” enough to hire my own software development staff of many employees, and the companies have done a lot of enabling technology work for me as well as others in the trading “community”. Fortunately, the entire TS and MC community have nicely been able to keep way ahead of my forward learning speed as an individual researcher, and sometimes programming consultant with some important exceptions. It is these exceptions which I see MongoDB now addressing, which is why I think MongoDB is so important for me. Additionally, I see huge benefits to other traders who start out at retail level to gain knowledge and experience, and eventually decide to join up with partners and scale up to going Pro. That is evident to me whether it is evident or not to them! If it is evident to them I gain confidence that I am in good company with other analysts and potential trading company partners who are, IMHO, most likely to succeed in the future.

After all, anybody who wisely invests the time to learn this business is a “trader” in human and technical potential, and would not slam doors of opportunity shut on themselves. They will keep as many options open to themselves and their potential partners as possible.

TradeStation has a good database online for a bargain price, but often it tries to update the database while charts are running, rendering the trading functions less than desirable. While not trading, TS becomes quite valuable if building a customized local database can be the task for TS to keep it busy. TS is capable of very large tickdata history acquisition, just not quite in real time! If the data does not have to be acquired redundantly, the value added to your small trader’s infrastructure by TS is much better.

Mongo is more likely to remain viable into the future than, say, a custom 3rd party app designed to supplement only one platform. These supplements exist for each platform, but cause expensive problems when a platform vendor changes its proprietary database formats with newer versions of the basic software and stops supporting the older versions.

If you have used a proprietary retail platform like TS, MC, Ninja, MT4, etc for many years, MongoDB should be a slam dunk choice for you to upgrade your infrastructure for Higher FT trading on your path to actual HFT, or even deciding if HFT has any potential for YOU.

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Is it true LMAX dropped the support of Multicharts?

Is it true LMAX dropped the support of Multicharts?
Does not suprise with their crummy documentation and other issues.  I also heard some other stories on how Tradestation former engineers …. well let’s just say I don’t want to get sued.

 
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Retail traders get slaughtered with Tradestation, Metadetrader, Multicharts! Profit with HFT, quant, and open source trading

Hi there

Save yourself thousands of dollars in not buying those expensive constraining popular software platforms! Stop wasting your time with those corrupt trading brokers! You need to learn all this through my QuantLabs.net Premium Membership. Listed below are just one day’s worth of thoughts on how this membership will get you to profits faster:

–> JOIN NOW TO GET ACCESS <-

This newsletter is geared towards retail or discretionary traders who get slaughtered on fast moving markets using constraining software platforms like Tradestation, Metatrader, Multicharts, or the like. You may be wondering why you are losing money. It could be your software or your corrupt trading broker.

Here are some other thoughts and notes you should know about:

1. Power of Matlab and open source code trading is the ultimate choice for HFT! Not Tradesation, Ninja Trader, Multicharts, nor Metatrader

https://quantlabs.net/blog/2013/02/power-of-matlab-and-open-source-code-trading-is-the-ultimate-choice-for-hft-not-tradesation-ninja-trader-multicharts-nor-metatrader/

2. Tradestation and Matlab will not equate to High Frequency Trading aka HFT. I need Microsoft .NET with C# or C++

https://quantlabs.net/blog/2013/02/tradestation-and-matlab-will-not-equate-to-high-frequency-trading-aka-hft-i-need-microsoft-net-with-c-or-c/

3. No to Java 7, Tradestation Easy and Multichart Power languages, only Matlab, Microsoft .NET, and c++ for pure quant and HFT

https://quantlabs.net/blog/2013/02/no-to-java-7-trradestation-easy-and-multichart-power-languages-only-matlab-microsoft-net-and-c-for-pure-quant-and-hft/

4. Retail Multicharts for HFT? Other Options including FPGA for ultra low latency

https://quantlabs.net/blog/2013/02/retail-multicharts-for-hft-other-options-including-fpga-for-ultra-low-latency/

Need I say any more? Join this membership to get the immediate benefits now.

–> JOIN NOW TO GET ACCESS <–

Here are some benefits listed here,

Bryan

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