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MultiCharts
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- Jos12
- 4.00 star(s)
MultiCharts made my life easier
Ive switched from NinjaTrader to MultiCharts because the more experience I got with NinjaTrader, the more the little problems bothered me. At a given point, I was just tired of frequently having to find a workaround with NinjaTrader when there was an error or something was not possible. True, their NinjaScript / C# is highly advanced and capable of doing practically anything you can wish for. But Im a trader first and though I enjoy programming as a hobby, at a given point it becomes just unproductive and annoying to do it yourself.
With MultiCharts my life definitely has become easier. Their backtesting is great, the programming language is a lot easier (less code = less to debug & less prone to errors) and is rich in features. And if the MultiCharts programming language cant do it, its relatively simple to add a DLL to enhance the capabilities though that almost always isnt needed. The ability to connect to multiple brokers and data feeds, and use Symbol Mapping to generate trades on a data feed and send these to a different broker is great and gives me a lot of flexibility.
I also like the support from MultiCharts its truly unmatched and theyre very knowledgeable; I havent encountered a problem that couldnt be solved quickly. Besides chat support the support can also be contacted through the forum and email. Their email support has such a high standard that, even when they couldnt answer my non-urgent problem the same day, Ive got a sincere apology that they were busy with the release of the new version (and Ive got my answer the next morning, though it wasnt even that urgent). Which company nowadays treats their customers this way? I cant think of any.
Though, as an active automated trader I always wish for more and MultiCharts can be become even better. But the current state of the product is just very good, and the regular new versions (which can be tracked in their Project Management) ensure that it will become even better.
I advise friends who want to become serious active traders to check out MultiCharts and try it for themselves. True, the price tag can be a reason to wait with purchasing until you are a profitable trader with more capital, but with active trading you need the best tools to get the greatest edge. For me, MultiCharts is the best tool, and that I use it to research strategies and auto-trade my capital is probably more telling than a whole written review.
Ive switched from NinjaTrader to MultiCharts because the more experience I got with NinjaTrader, the more the little problems bothered me. At a given point, I was just tired of frequently having to find a workaround with NinjaTrader when there was an error or something was not possible. True, their NinjaScript / C# is highly advanced and capable of doing practically anything you can wish for. But Im a trader first and though I enjoy programming as a hobby, at a given point it becomes just unproductive and annoying to do it yourself.
With MultiCharts my life definitely has become easier. Their backtesting is great, the programming language is a lot easier (less code = less to debug & less prone to errors) and is rich in features. And if the MultiCharts programming language cant do it, its relatively simple to add a DLL to enhance the capabilities though that almost always isnt needed. The ability to connect to multiple brokers and data feeds, and use Symbol Mapping to generate trades on a data feed and send these to a different broker is great and gives me a lot of flexibility.
I also like the support from MultiCharts its truly unmatched and theyre very knowledgeable; I havent encountered a problem that couldnt be solved quickly. Besides chat support the support can also be contacted through the forum and email. Their email support has such a high standard that, even when they couldnt answer my non-urgent problem the same day, Ive got a sincere apology that they were busy with the release of the new version (and Ive got my answer the next morning, though it wasnt even that urgent). Which company nowadays treats their customers this way? I cant think of any.
Though, as an active automated trader I always wish for more and MultiCharts can be become even better. But the current state of the product is just very good, and the regular new versions (which can be tracked in their Project Management) ensure that it will become even better.
I advise friends who want to become serious active traders to check out MultiCharts and try it for themselves. True, the price tag can be a reason to wait with purchasing until you are a profitable trader with more capital, but with active trading you need the best tools to get the greatest edge. For me, MultiCharts is the best tool, and that I use it to research strategies and auto-trade my capital is probably more telling than a whole written review.
- ptcman
- 5.00 star(s)
Perfection is near you!
When a friend of mine introduce Multicharts to me it was love at first sight.
Back then we were at version 4, and looking back now, things really progressed.
This latest version, the 7th, introduce the biggest change of them all, manual trading abilities.
It's now possible to trade from a DOM and a chart, something that, like me, discretionary traders were eager to have access to.
I cannot see myself trading without Multicharts.
When a friend of mine introduce Multicharts to me it was love at first sight.
Back then we were at version 4, and looking back now, things really progressed.
This latest version, the 7th, introduce the biggest change of them all, manual trading abilities.
It's now possible to trade from a DOM and a chart, something that, like me, discretionary traders were eager to have access to.
I cannot see myself trading without Multicharts.
- bowlesj
- 5.00 star(s)
Perfect for me.
Here is what I like about Multicharts.
*It never bombs on me. I am seriously in need of a computer upgrade for memory but it still runs all day without fail.
*It uses TradeStation Easylanguage but has other useful commands giving it more power. For example, they just added a command that allows a script to run on a timed basis in addition to running when ticks come in.
*It has a recalculate command that can be triggered by global variables. This allows me to send commands from an extrernal program to adjust the bollinger band for example. I can get GV info back from MultiCharts of course.
*It can use the Interactive Brokers TWS data for the charts saving the monthly data feed cost. It is very fast. It can use other feeds if you wish. External feeds can fall behind the broker feed so I prefer getting it directly from the broker. Is supports a few other brokers too.
*Excellent charting for my needs.
*Each chart can be set to any bar size ( from tick charts to 5 or 10 seconds to 1 minute and right on up to daily etc)
*My strategy involves marking waves in the market manually in a top down (parent to child) relationship then trading based upon certain rules related to this information. I mark the wave with arrows whch are put on the chart via program control and moved into position by myself. MC can find these arrows and get the information on price and any indicator at or near their location. I have effectively made use of the fact that humans can find patterns better than computers but computers can remember the rules better than humans.
*MC has a set of special Easy Language GetActive commands in addition to the TradeStation GetActive commands. These allow you to highlight any text, arrows and line on the chart and the EL code can determine what you have highlighted. This allows you to send interactive commands to the EL code to control it for various purposes. You can find examples of this in the forum by searching for "GetActive".
*The MultiCharts people really do listen to their customers. They have a new project management database to keep track of feature requests and bug fixes. You get email nofication of the progress they are making. Others can vote on your request or you can vote on any requests submitted by others. They use the votes to help decide what to work on first.
*The MC forum is great.
*I can not speak for everyone obviously but after four years I have no regrets with the purchase and I can't see myself ever considering any other program.
Here is what I like about Multicharts.
*It never bombs on me. I am seriously in need of a computer upgrade for memory but it still runs all day without fail.
*It uses TradeStation Easylanguage but has other useful commands giving it more power. For example, they just added a command that allows a script to run on a timed basis in addition to running when ticks come in.
*It has a recalculate command that can be triggered by global variables. This allows me to send commands from an extrernal program to adjust the bollinger band for example. I can get GV info back from MultiCharts of course.
*It can use the Interactive Brokers TWS data for the charts saving the monthly data feed cost. It is very fast. It can use other feeds if you wish. External feeds can fall behind the broker feed so I prefer getting it directly from the broker. Is supports a few other brokers too.
*Excellent charting for my needs.
*Each chart can be set to any bar size ( from tick charts to 5 or 10 seconds to 1 minute and right on up to daily etc)
*My strategy involves marking waves in the market manually in a top down (parent to child) relationship then trading based upon certain rules related to this information. I mark the wave with arrows whch are put on the chart via program control and moved into position by myself. MC can find these arrows and get the information on price and any indicator at or near their location. I have effectively made use of the fact that humans can find patterns better than computers but computers can remember the rules better than humans.
*MC has a set of special Easy Language GetActive commands in addition to the TradeStation GetActive commands. These allow you to highlight any text, arrows and line on the chart and the EL code can determine what you have highlighted. This allows you to send interactive commands to the EL code to control it for various purposes. You can find examples of this in the forum by searching for "GetActive".
*The MultiCharts people really do listen to their customers. They have a new project management database to keep track of feature requests and bug fixes. You get email nofication of the progress they are making. Others can vote on your request or you can vote on any requests submitted by others. They use the votes to help decide what to work on first.
*The MC forum is great.
*I can not speak for everyone obviously but after four years I have no regrets with the purchase and I can't see myself ever considering any other program.