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Anyone switch from TradeStation to MultiCharts?


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Anyone switch from TradeStation to MultiCharts?

  #51 (permalink)
 
FuManChou's Avatar
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
Platform: MultiCharts
Broker: Edge Clear LLC
Trading: MNQ
Posts: 100 since Jun 2019
Thanks Given: 1,127
Thanks Received: 120

Thanks to this tread, I decided to try out MultiCharts. Compiled a few of my indicators and strategies with minor tweaks. I will be waiting for a sale and then I will be most likely purchasing a lifetime license. I could probably trade Forex with MC and TradeStation for futures.

One deal breaker that is keeping me with TS is the option for custom renko bars in TS that is not in MC.

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  #52 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
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FuManChou View Post
Thanks to this tread, I decided to try out MultiCharts. Compiled a few of my indicators and strategies with minor tweaks. I will be waiting for a sale and then I will be most likely purchasing a lifetime license. I could probably trade Forex with MC and TradeStation for futures.

One deal breaker that is keeping me with TS is the option for custom renko bars in TS that is not in MC.

I bought lifetime licenses during their 'Easter Sale' last year. I would keep an eye on this promo within the next 4-5 weeks. I am using MC for forex and TS for futures, as you are thinking of doing.

With respect to custom Renko, MC has a lot more options for Renko than TS, especially Real Open, phantom bars, wicks, and 'new bar when exceeded'. I will not use Renko on TS because I automate strategies and accurate backtesting is pretty much impossible on TS without massaging the tick level data. MC is more accurate, so I only do Renko on MC. If the regular Renko settings in MC are not enough for you, then check out FlexRenko. Use 1 Tick Resolution.

There is nothing I on Renko in TS that I cannot do in MC. There are some good threads here on FIO discussing Renko and TradeStation.

I hope this helps!

~vmodus

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  #53 (permalink)
 
FuManChou's Avatar
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
Platform: MultiCharts
Broker: Edge Clear LLC
Trading: MNQ
Posts: 100 since Jun 2019
Thanks Given: 1,127
Thanks Received: 120



vmodus View Post
I bought lifetime licenses during their 'Easter Sale' last year. I would keep an eye on this promo within the next 4-5 weeks. I am using MC for forex and TS for futures, as you are thinking of doing.

With respect to custom Renko, MC has a lot more options for Renko than TS, especially Real Open, phantom bars, wicks, and 'new bar when exceeded'. I will not use Renko on TS because I automate strategies and accurate backtesting is pretty much impossible on TS without massaging the tick level data. MC is more accurate, so I only do Renko on MC. If the regular Renko settings in MC are not enough for you, then check out FlexRenko. Use 1 Tick Resolution.

There is nothing I on Renko in TS that I cannot do in MC. There are some good threads here on FIO discussing Renko and TradeStation.

I hope this helps!

Thanks for the heads up on Easter sale! I played around with the Renko bars a little more after and I posted. You are correct and I was able to get what I wanted. Still learning more about MC but so far I like it. I even started to look at Forex/Futures brokers too.

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  #54 (permalink)
 Vacationer 
Sarasota, Florida
 
Experience: Intermediate
Platform: TOS, IB, TS
Broker: TD Ameritrade, IB, TS
Trading: ES, NQ, YM, RTY
Posts: 27 since Jan 2018
Thanks Given: 38
Thanks Received: 13


FuManChou View Post
Thanks to this tread, I decided to try out MultiCharts. Compiled a few of my indicators and strategies with minor tweaks. I will be waiting for a sale and then I will be most likely purchasing a lifetime license. I could probably trade Forex with MC and TradeStation for futures.

One deal breaker that is keeping me with TS is the option for custom renko bars in TS that is not in MC.

FuManChou,

Good to know more candidates are thinking about the switch. Please post back and let us know how it went. I might actually go for the free trial first and take it from there.

Vacationer

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  #55 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853


FuManChou View Post
Thanks for the heads up on Easter sale! I played around with the Renko bars a little more after and I posted. You are correct and I was able to get what I wanted. Still learning more about MC but so far I like it. I even started to look at Forex/Futures brokers too.

Awesome, I'm glad I helped.

~vmodus

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  #56 (permalink)
 
socaltrader's Avatar
 socaltrader 
Los Angeles, CA
 
Experience: Advanced
Platform: Sierra Chart
Broker: AMP
Trading: CL
Posts: 18 since Jun 2019
Thanks Given: 5
Thanks Received: 12

MultiCharts was created by the developers of TradeStation

Sent using the NexusFi mobile app

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  #57 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853


socaltrader View Post
MultiCharts was created by the developers of TradeStation

Sent using the NexusFi mobile app

I have been trying to put together a timeline of this history of the two for some time, but the information I have is very spotty. You can tell just by the file structure in MC it's TradeStation roots (e.g. 'TS Support'). Do you have any insight into it's history?

~vmodus

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  #58 (permalink)
 
FuManChou's Avatar
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
Platform: MultiCharts
Broker: Edge Clear LLC
Trading: MNQ
Posts: 100 since Jun 2019
Thanks Given: 1,127
Thanks Received: 120


Vacationer View Post
FuManChou,

Good to know more candidates are thinking about the switch. Please post back and let us know how it went. I might actually go for the free trial first and take it from there.

Vacationer


I purchased 2 lifetime licenses during the 2021 Easter sale. Regular MC and MC .NET along with the advance strategy packs for both versions. Got 50% off or a 2 for 1.

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  #59 (permalink)
 Vacationer 
Sarasota, Florida
 
Experience: Intermediate
Platform: TOS, IB, TS
Broker: TD Ameritrade, IB, TS
Trading: ES, NQ, YM, RTY
Posts: 27 since Jan 2018
Thanks Given: 38
Thanks Received: 13

FuManChou,

Glad to hear you got a good discount.
How is it working for you? Did your strategies translate ok from TS in MC.
I still have problems with TS platform loosing connection to TS servers and the strategy automation goes down the drain from there. Most of the time I have to shut down the whole platform and restart.
I wonder how does MC handle that if it uses TS as a data provider for instrument.

Good luck with your licenses. I hope they pay off.

Sent using the NexusFi mobile app

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  #60 (permalink)
 
FuManChou's Avatar
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
Platform: MultiCharts
Broker: Edge Clear LLC
Trading: MNQ
Posts: 100 since Jun 2019
Thanks Given: 1,127
Thanks Received: 120



Vacationer View Post
FuManChou,

Glad to hear you got a good discount.
How is it working for you? Did your strategies translate ok from TS in MC.
I still have problems with TS platform loosing connection to TS servers and the strategy automation goes down the drain from there. Most of the time I have to shut down the whole platform and restart.
I wonder how does MC handle that if it uses TS as a data provider for instrument.

Good luck with your licenses. I hope they pay off.

Sent using the NexusFi mobile app


I have fully transitioned from TradeStation (v10) to MultiCharts. After about a 25+ days of trial, I could not get MultiCharts to error out while TS would timeout/crash a few times. I thought TS did not timeout/crash often until I actually kept track of how often. All of my custom indicators/strategies compiled just fine. I used TS as the data feed during my trial and it worked well for what I needed.

Still waiting for the funds to clear from new broker and then I will be trading live with MC.

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