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Offline mode VS Backtesting Edition, differences?


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Offline mode VS Backtesting Edition, differences?

  #1 (permalink)
klj5462
Tainan Taiwan
 
Posts: 6 since Sep 2023
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Hi everyone,
I intend to purchase multicharts recently. However, I am hesitant about whether I should purchase Multicharts+ASP or Multicharts+ASP+BTE.

https://www.multicharts.com/features/bte/

This is the introduction of "Backtesting Edition (BTE)" from Multicharts' official website, and the web page also compares the differences between "BTE license" & "Standard full-featured license" & "Full-featured license with ASP"



And this is a screenshot from "MultiCharts User Manual". What confuses me is the differences between offline mode of Full-featured license with ASP and Backtesting Edition.

Both offline mode and Backtesting Edition can write strategies and backtest using locally stored data on another computer while the main computer is trading in online mode, and both have no access to real-time data.

It seems to me the only difference between them is that offline mode need to be restarted every 30 days. So what's the point of buying additional Backtesting Edition? Am i missing anything here?

By the way, I missed the independance day sale. The next sale should be black friday sale around Thanksgiving and Christmas, right?
And if I want to get 50% off, I will have to buy two license key at the same time, right?
Will the sale package include BTE as well?

Thanks.

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  #2 (permalink)
SerDy
Merate/Italy
 
Posts: 3 since May 2019
Thanks Given: 4
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Hello klj5462,
I never heard about a "backtesting edition". There two main modes to use MC, online and offline.
Online is useful for live sistematic trading.
Offline is used for backtesting and debugging.
There is the classic edition, I use it, and the .NET edition.
The classic uses Power Language, a not object oriented programming language.
It is enough for most users.
The .NET edition works with more complex programming languages:
"MultiCharts .NET is engineered specifically for programmers who use VB.NET and C#.
The .NET Framework is much more flexible than PowerLanguage allowing you to implement
complex trading and analysis ideas without the need to use external functions."

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  #3 (permalink)
klj5462
Tainan Taiwan
 
Posts: 6 since Sep 2023
Thanks Given: 1
Thanks Received: 0



SerDy View Post
Hello klj5462,
I never heard about a "backtesting edition". There two main modes to use MC, online and offline.
Online is useful for live sistematic trading.
Offline is used for backtesting and debugging.
There is the classic edition, I use it, and the .NET edition.
The classic uses Power Language, a not object oriented programming language.
It is enough for most users.
The .NET edition works with more complex programming languages:
"MultiCharts .NET is engineered specifically for programmers who use VB.NET and C#.
The .NET Framework is much more flexible than PowerLanguage allowing you to implement
complex trading and analysis ideas without the need to use external functions."

Hi SerDy,

https://www.multicharts.com/features/bte/

This is the introduction of "Backtesting Edition (BTE)" from Multicharts' official website, and the web page also compares the differences between "BTE license" & "Standard full-featured license" & "Full-featured license with ASP"

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  #4 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,436 since Apr 2013
Thanks Given: 484
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klj5462,

I would suggest that you ask the Multicharts support directly, if it is still possible to work with the same license on two machines (with only one being online). According to my understanding they removed this option/possibility with MC 14 and introduced the BTE instead.

Regards,

ABCTG



klj5462 View Post
Hi everyone,
I intend to purchase multicharts recently. However, I am hesitant about whether I should purchase Multicharts+ASP or Multicharts+ASP+BTE.

https://www.multicharts.com/features/bte/

This is the introduction of "Backtesting Edition (BTE)" from Multicharts' official website, and the web page also compares the differences between "BTE license" & "Standard full-featured license" & "Full-featured license with ASP"



And this is a screenshot from "MultiCharts User Manual". What confuses me is the differences between offline mode of Full-featured license with ASP and Backtesting Edition.

Both offline mode and Backtesting Edition can write strategies and backtest using locally stored data on another computer while the main computer is trading in online mode, and both have no access to real-time data.

It seems to me the only difference between them is that offline mode need to be restarted every 30 days. So what's the point of buying additional Backtesting Edition? Am i missing anything here?

By the way, I missed the independance day sale. The next sale should be black friday sale around Thanksgiving and Christmas, right?
And if I want to get 50% off, I will have to buy two license key at the same time, right?
Will the sale package include BTE as well?

Thanks.


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  #5 (permalink)
klj5462
Tainan Taiwan
 
Posts: 6 since Sep 2023
Thanks Given: 1
Thanks Received: 0


ABCTG View Post
klj5462,

I would suggest that you ask the Multicharts support directly, if it is still possible to work with the same license on two machines (with only one being online). According to my understanding they removed this option/possibility with MC 14 and introduced the BTE instead.

Regards,

ABCTG

Hi ABCTG,

Thanks for your information. I also found a thread related to this topic in Multicharts forum.

https://www.multicharts.com/discussion/viewtopic.php?t=52775

It seems like the offline mode is supported until MC12, and BTE license is required for backtesting on another computer in MC 14. But their user manual and wiki pages haven't updated this information yet.

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Last Updated on September 18, 2023


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