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Percent Asymmetric for Multicharts instructions for use.

Importing into Multicharts

When you purchase this product you receive a file by email, you can save this file to your desktop.

In Multicharts open up the power language editor and click on file, import read only then select the file I sent you from the desktop

Percent Asymmetric signal and Indicator will then appear in the list of studies in your Multicharts platform.

There are two files which need to be complied. Percent Asymmetric Indicator and Percent Asymmetric Signal, if MultiCharts does not automatically do this then open both files and click on the compile button in power editor

Multicharts set up and useage

Create a chart window and add the symbol and time frame and chart style of your preference

Left click the chart screen and select insert study, select the Percent Asymmetric indicator from the list

You will need to set max number of bars the study will reference to “user specified “ 50 ( SAME FOR SIGNAL AND INDICATOR)

In the subchart box please select subgraph#1

Then click the scaling tab and select same as symbol ( this sets it up to be scaled correctly to the chart )

In the inputs tab you now choose the long and short percentage you require.

Click ok

Percent Asymmetric Set up

 

Once you have decided approximate settings for the indicator you can add the signal. This is done in the same was as adding the indicator but you must remember to add the exact same settings and also add the commission rules that match the instruments chosen. If this is not done then any strategy testing will be incorrect.

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Percent Asymmetric APPROXIMATE percent parameter suggestions

You can adjust the long and short percentages until they appear approximately "correct" ( This means they catch the major trends without too many flips )

Once you have decided approximate settings for the indicator you can add the signal in the same way as you did with the indicator above and taking care to ensure you have used the exact same percentage settings.

Proceed to add the commission rules to match your chosen market or any strategy performance testing will be incorrect.  

IMPORTANT NOTE

To see the plot clearly and to avoid multiple signals occurring on the same bar it is important to observe the indicator flipping events. If the indicator is hugging the price chart very tightly this usually means you need to reduce the time frame sampling down for weekly to daily or from 30 minute to 10 minute.

The MultiCharts platform whilst being excellent cannot compute strategy results when having multiple signals occuring on the same bar as the order of the events are not known in historic "big bar" data. See picture example below to clarify this point. 

  • Monthy Charts            1 - 55%

  • Weekly Charts        0.5 - 35%

  • Hourly Charts        0.25 - 25%

  • Minute Charts      0.025 - 20% 

  • Tick Charts          0.001 - 8% 

  • Second Charts    0.001- 5%

 

Below = Correct approximate percentage selection ( A very volatile stock on weekly data needs a very wide percentage )

Below = Incorrect approximate percentage selection ( Much too tight for the price range of each bar )

If the plot looks like the chart below, either increase the percentage distances or reduce the time frame in this case you could reduce to daily from weekly
 
Percent Asymmetric strategy optimization procedure

One of the stunning features in MultiCharts is the 3d chart produced by optimizations, it gives a perfect clear picture of what is going on.

The desired shape to see when iterating through the various percentages is the well know bell curve.
If you achieve this, then there is a good chance that Percent Asymmetric will work very well with settings from the mid point of the bell curve.

If you do not see a bell curve distribution pattern then experiment with different market instruments and different percentage settings.

The final system you select to use ideally needs to produce a nice smooth rising equity curve chart with low draw downs which are small relative to the profit achieved.

If you have not seen a smooth rising equity curve AND a bellcurve in your testing then it is not advisable to use it on that market. The good news is that these days there are hundreds of thousands of markets to choose from.

The chart below shows an optimization between 2 and 15% with steps of  0.2% clearly we see a nice bell curve with best settings between  5 and 6%

 
Percent Asymmetric Bell curve

The procedure of optimization is quite simple, just follow these steps

  1. Add the Percent Asymmetric signal to the chart
  2. Right click the screen and choose "format signals"
  3. In the format object box that appears, click on "optimize"
  4. Click "exhaustive"
  5. You will see box pop up where you can type the inputs to run through, start, end, step
  6. Type a small percentage such as 0.01 into the start box for LONG_peroff
  7. Type a larger percentage into the end box like 2.5 for SHORT_peroff
  8. Type a small number into the step box like 0.01 ( See image below )
  9. Press the OK button
  10. When it is finished it will produce a new window showing the results, the best of these will be shown at the top
  11. Press view 3d optimization chart
  12. You will then see a diagram chart as show above which can be rotated and viewed from any angle.
  13. If you see a bell curve then all is good, if not then try different inputs
 
Alert activation method

Percent Asymmetric indicator has a build in feature to generate an alert to your chart screen, or email service if required.

To set up alerts, plot the indicator, right click on it, choose format indicator, open the alerts tab and the choose the sound file of your choice, this can be set to play once or repeatedly.

It is a good idea to create your own folder with different sound files so you will know which sound means what, for me its a rooster that lets me know :)
Percent Asymmetric Alerts
Email alert activation method

If you wish it to send emails, then in the same alert tab, check the box email, then press settings.

You can then type in your email address, port number and SMTP server settings

Percent Asymmetric email alerts

Trouble shooting

If you see a message like this appear on MultiCharts it means that your license has expired. 

You can either remove the indicator from the chart or purchase a new license.





 

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RISK DISCLOSURE

 

  • Futures, Forex and Stock trading contain substantial risk and are not for every investor.

  • An investor could potentially lose all or more of the initial investment.

  • Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

  • Only risk capital should be used for trading

  • Only those with sufficient risk capital should consider trading.

  • Past performance is not necessarily indicative of future results.

 

                    

                

HYPOTHETICAL PERFORMANCE DISCLOSURE

 

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

 

  

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