Thread: About Multicharts

Multicharts is to date the most serious alternative to Tradestation.It is a mini Tradestation, a true clone of the developments but is moving faster and looking especially to push things much further than its predecessor.

Multicharts has many strengths. It offers first complete connectivity to all flows of the market, including Tradestation Securities. But what is its greatest strength is the Language Power, a clone of Easy Language to import all your scripts Tradestation. Compatibility is not yet assured of 100%, there are some guidelines EL unsupported at the moment but nothing blocking. So far what I have been unable to compile could be easily circumvented.

Comparative tests between TS and Multicharts made several backtest, all based on the same data TS Securities, the results showed 100% identical to nearly pips. Whether trades, prices, statistics presented in the reports or Equity Curve, everything is identical. Note that the form of reports, however, is different because Multicharts adopts a presentation based on reports eSignal. It is therefore not to expect surprises when backtesting engine.

It remains the "Tradestation Like" subject to the same limitations as the latter. Out of the question for example mount scalping systems since it is impossible to have knowledge of book and manage the placement of orders (the Bid Buy / Sell the offer), as TS Multichart simply emulates executions and forward Market Order in the next tick, it is perfectly unsuitable for high frequency trading and even less to scalping on index futures or interest rate (why SmartQuant as a tool to actually place orders and modify them to work the order book is much more suited). Now for the intraday in 15 minutes or Hourly ca be by far the easiest solutions to implement. Note however that an upcoming version Multicharts plans to place and manage orders already in place at the broker, which opens the way for more sophisticated automation.

Cool, thanks.

Thank you.

thanks a lot for sharing