Multicharts User Thread

Hi Andrew,

Do you have an answer to this question? Does MC work with a financial advisor account with IB? I believe IB will allow me to replicate the signals to all client accounts.

Mike

 

Are you saying that Multicharts can plot Japanese yen futures with no problem ?
But this thread in tssupport forum seem to indicate otherwise.
http://forum.tssupport.com/viewtopic.php?t=4822

Support for fractional prices will be great.
Any detail timeline for implementation ?

thank you

 

MC Chart of Japanese Yen.

Regards,
Guy

 

Yes.
It will be plotted right. BigPointValue affects strategy performance report and strategy calulcation only.

We want to release it in MultiCharts 3.1

 

Mike,
I apologize for the delay. I agree that our support team’s advise wasn’t practical. It seems they simply didn’t understand needs of financial adviser and decided that you want to trade a few accounts.
As far as I know MultiCharts can't work with FAA. However if you say that TWS API allows one to trade then we can add this feature. I think we should work on this subject together, because demand for this feature is limited and we can't invest too much time in this project.
So it will be great if you contact IB team and investigate this issue. If the difference is minor and requires some extra parameters we simply do it soon, because we are completing new version of IB auto-trading.
Please try to get the information as soon as possible, because it affects release of this feature.

 

Jahajee and TIKITRADER,
Thank you. Your comments greatly motivate us to do our work better, because we know that customers like you are grateful and it is a pleasure to serve.

 

Hi Andrew,

Thank you very much for the response. What the FAA allows me to do is setup "account groups" and then allocate shares by % to each account within the account group. So, I can create an account group called "group 1" with 3 client accounts associated with it and allocate 33% of the order to client 1, 33% to client 2 and 33% to client 3. I can now go into the TWS Order Entry and place a 100 share order and specify the account group, the order gets automatically gets executed across the three accounts at 33 shares per. I think what needs to be specified within the TWS API is the "account group" string, I found a bit of documentation on IB's website here:

Extended Order Attributes

The extended order attributes below can be used in all placeOrder functions and Open_Order events.

"string m_faGroup"
-The advisor group to which the trade will be allocated. Use an empty string if not applicable.

I can call IB and discuss this further if need be, but, so far it seems like an extra parameter in the order function. Let me know if this is useful info - I will gladly look into this further because I want to use your product and this is the mitigating factor.

Also, If it is of any interest or use, a product called TWSlink has function specifically desgined to interface to the FAA, you can find information about the function call here:

http://trade-commander.org/twslink/twslinkmanual.htm#f5311

Again, thanks for your response and I would like to add that I know a few people in my position - i.e. we want a solution that autotrades across multiple IB accounts via the FA account - some of us currently pay $60-$70/month for something called "TradeBullet" which replicates orders from TradeStation. I can safely say that you will attract a new customer base with this feature. Possibly not a large one, but a new one nonetheless.

Regards,
Mike

 

I'd like to be able to place bracket orders or parent /child orders through IB with MC...

Currently using AB for my automation it works great (Of Course I had to program it.) From what I can tell (unless you guys release some MC specific docs that say otherwise) I cant pull certain data from the TWS API and act on it to relay these type of orders.

 

Mike,
Thank you for the information - it really helps.
According to TWS docs they have 4 parameters
http://www.interactivebrokers.com/php/webhelp/Interoperability/extended.htm

string m_faGroup
The advisor group to which the trade will be allocated. Use an empty string if not applicable.

string m_faProfile
The advisor allocation profile to which the trade will be allocated. Use an empty string if not applicable.

string m_faMethod
The advisor allocation method with which the trade will be allocated. Use an empty string if not applicable.

string m_faPercentage
The advisor percentage concerning the trade's allocation. Use an empty string if not applicable.

So we simply add them to our MultiCharts GUI and allow you to specify what you need. I think it will be enough.
Am I correct?

 

Since the upcoming MultiCharts release will have stop and limits, you will be able to add stoploss/profit target in MultiCharts strategy and it will maintain two orders for you. If one is filled the other one will re removed.
Is this what you need?