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MultiCharts VS TradeStation

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MultiCharts VS TradeStation

  #1 (permalink)
San Francisco, CA
Posts: 30 since Jul 2016
Thanks Given: 13
Thanks Received: 4

Is there anyone who has experience with MultiCharts and TradeStation?

What functions are better in MultiCharts ?

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  #2 (permalink)
Experience: Intermediate
Platform: Multicharts 64
Broker: AMP Futures
Trading: emini es
Posts: 72 since Oct 2015
Thanks Given: 30
Thanks Received: 53

Hi MasterYan,

I personally use MC the easylanguage version. I have not tried tradestation so I cannot comment on the feature comparison/gap between the two.

I started with MC the .NET version and liked it except for the programming language. While I do/can program, learning yet another object oriented language syntax got to be a bit too much. Learning easylanguage which is a bit more natural language based was very easy to grasp. And extremely fast to develop on. And the fact that I then could use the code references from the existing easylanguage and tradestation body of knowledge available was a huge benefit to me. I get that easylanguage may not be the most efficient or powerful, but so far it is ok. And as I mentioned the benefits of the BOK is significant to me.

And lastly was the cost. The TS fees were quite expensive but it is also a Ferrari of a system and that has its place too. If I could afford it someday, maybe I will change to it.

MC has backtesting capabilities, multi strategy capability, and has a dynamic variable strategy engine that allows you to do real-time fitness feedback loop with the live strategy execution. I doubt my system could handle that processing need, however I see the value in having the capability.


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  #3 (permalink)
FuManChou's Avatar
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

Please see the thread linked below. I personally moved from TradeStation to MC.

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