hftvol thanks for the candid opinion.. i have no intention switching to MC with the 2 symbol limit but was just asking if me/someone is trading only one instrument, then MC may be useful to place trades provided they have other software to look at other instruments. as to why i trade only one single instrument - many reasons for that. 1. watching/trading a single instrument helps me get a feel of short term price moves. 2. i dont want to run a scan on 4000 stocks daily and pick the ones that are in play for the day.. i simply don't know their historical movement patters to put my money on them. plus trading SPY/ES is a way to trade all of their individual components right? 3.i am an individual trader with limited capital so it doesn't matter which instrument i use to extract my profit.. i can't possibly trade all the asset classes 4. i know all the markets are interrelated but unless i have a tradable plan based on these relationships why would i even waste time in looking at all of them..sure i look at them enough to get a feel for whats happening but thats more than enough 5.would you say the same to folks who trade only the ES or NQ or CL? 6. i am no where close to being profitable... thats why i am choosing 100 shares of SPY to begin with and if i can prove to myself that i can trade, then move on to bigger lot sizes of SPY or trade the ES. fyi..i'm not arguing my approach is right but this is what i could come up with by learning to trade the markets sitting in a box..
I have a question Is the 2 ticker limit only for live trading or also for backtesting? Could I backtest strategies involving 100 stocks? How about running a scan on those stocks at the end of the day (so no live trading).
Hello mspkash1, You are right on track. As a starter following the ES while trading the SPY is a sound solution just as one who would like to follow a CME currency while he or she could trade a spot fx micro account. When you know your stuff and have everything in place you could then start trading the ES or add another market. If you would like or need to that is. There are professional traders who are trading just one market, like the ES. If MC.NET SE is covering your current needs things are just fine. Wish you the best of luck, Laurus
As can only have two symbols in the database at any moment, I doubt that this is possible. You would need to have all 100 stocks in your database to perform the backtesting involving 100 stocks.
Thanks. I may download it one of these days. But why download something that you may find useless. It's better to ask first.
Good points regarding reviews. I pay only very cursory attention to reviews of trading products. And totally disregard anything what is said about such products on the Big Mike Trading forum. Or even go contrarian.
MultiCharts .NET Starter Edition (MCSE) was created to be something completely different from existing products in the market. There is no sense in replicating something that exists already, since that doesnât add any value to traders â theyâll simply have a choice of two of the same thing. MultiCharts .NET SE is a unique product that lets you trade live without paying for a platform. Obviously, platforms without limitations cannot be given away for free, otherwise trading software companies would cease to exist. We generate revenues from selling licenses, which enables us to support users and continue bringing you new features. Some companies choose to limit trading, or they make you trade to get a free platform â we give you 2 symbols to play with and trade to your heartâs content. We conducted market analysis, surveyed a number of traders (both professional and non-professional) and found a great demand for a free platform with live trading capabilities. Main feeling among surveyed traders was that âno matter how much you sim trade, real trading is a whole different worldâ. Some compared it to driving a car â sim trading is like using a car simulator. It can be very good, but itâs still not real driving. Live trading is like actually turning the car on and getting on a busy street. To continue the analogy, MCSE is like a roadster â while you canât fit your entire family of instruments, you get power and speed for your two symbols from start to finish. Regarding MultiCharts Discretionary Trader (MCDT), our first free product (discontinued last year). I canât stress enough that it wasnât suddenly erased off the face of the earth and left all traders stranded â you canât even theoretically do that with software. Discontinued means we stopped making updates for it and answering questions about it (which takes significant resources), but the program is still being actively used. Surprisingly, the number of users is actually growing! We discontinued MCDT because it wasnât achieving its goal, which was growing the ecosystem around the platform. We realized (through trial-and-error, thereâs no rulebook for this sort of thing), that MCDT wasnât working because it wasnât attractive to developers. It didnât have a language module at all, so people couldnât create custom studies for it. MCSE does exactly the opposite â it provides a great environment to create indicators and strategies and test them in a real market battle without paying for a platform. MultiCharts .NET Starter Edition has had a great reception among our partners and users. We are proud to say that MCSE is currently the fastest growing platform on the market in terms of new active users! We are really excited to work with all the .NET indicator and strategy providers in this new version, and just wanted to say thank you to all those users and beta testers that helped us create and bring this idea to life. Keep your suggestions coming!
Same here. I found it equally annoying and it was one of the reasons I never returned to MC after my trial. MC may be better than NT, but their marketing department seems to be doing a very poor job that can totally alienate potential customers. NT, on the other hand is basically a marketing company with a rather average product that they are marketing very well. Personally, I prefer Amibroker over MC and NT, but it's sad that the MC team is shooting themselves in their collective foot.
Could be useful for newbies. They now can have a viable alternative to NinjaTrader. But I have yet to check it out to compare it to NT. Can't find time.