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I found the MultiCharts free trial to be an excellent way to take a look at the platform.
The tech support team were very helpful in quickly getting me up and running with RT automated trades on an OANDA Demo account.
I had previously invested time, energy and money in eSignal and the associated scripts, so I was very cautious about doing it all again with a different platform. The MC team had no hesitation in extending the initial trial period for me to further evaluate the software.
As mentioned in the earlier posts, there are sale prices from to time. Any significant holiday in the US seems to be the trigger for the promotional pricing.
Like eSignal, you can choose from a variety of brokers and data providers.
How do you/anyone find using Tradestation data into Multicharts works from a Multicharts persepctive? Any delays, freezes, missing data?
I was a Tradestation user about 10+ years ago before switching to Multicharts(+Rithmic) & now I'm thinking of going back to Tradestation as my main providor whilst keeping Multicharts as backup using Tradestation data.
I'm moving to Vancouver, BC in early 2021 (Covid permitting) and currently have a TradeStation account. I will become a permanent resident at some point. I was planning on keeping my address in the US. I'm now wondering how all that will work... Does anyone know who to contact at the Canadian CSA?
I have used MultiCharts in the past and will likely look to that as a solution should I be forced to give up TradeStation. I didn't care for the way they handled symbols but I've been spoiled by TradeStation. I did get good support when needed.
I have both and I use them for different purposes:
TradeStation: live trading (they are a one-stop shop so if anything happens there is no other party to blame); historical data (minute bars)
MultiCharts: faster in backtesting and optimization than TradeStation once the data is imported (connecting to TradeStation for historical data can be slow); portfolio backtesting and portfolio trading (not possible with TradeStation)
So if you are looking for a switch, what are the features that you feel are lacking or missing in TradeStation?
Thanks! Wow, this was an old post. I purchased two MC licenses in the spring and have been using MC for forex trading and backtesting using my TS data. It has been a dream to work with. The big feature for me is the built-in Monte Carlo analysis. I try to build strategies without optimizable parameters, but the backtest engine, given that it is running in 64-bit, is incredibly fast, magnitudes faster than TS.
There are a few custom indicators and strategies that did not migrate from EasyLanguage to PowerLanguage, but I've been able to adapt them.
I just purchased MC license. What is the best way of learning how to transfer my TS code to MC and run backtesting and MC analysis? I am excited that MC is 64 bits and wont have the headaches that TS does.
I just stumbled upon this thread, can you guys clarify a doubt? Is Multichart mainly interesting to develop trading system? is this the main reason why people are using multichart?
I just tried it once and I didn't like it at all but I had the feeling that I didn't reallly understand it. I am a completely discretionary trader using motivewave and Sierrachart.
Thanks for any answer.
Hey @Jemo , the best way is to learn by doing, IMHO. Copy and paste the code and see if it compiles.
Open TradeStation Development Environment
Open PowerLanguage Editor
Open your indicator or strategy in TS
Create a new indicator or 'signal' (strategy) in MC
Copy the code in TS
Paste the code in MC
Compile (F3 key) to code [note: always use 'Fast Execution' as the compile option]
Hopefully it compiles without error.
Potential problem:
Error due to missing custom function(s)
Solution:
Identify the missing function and open it in TS Dev Environment
Create a new function in MC
Copy (from TS) and paste the function code into MC
Compile
I have had a few things not compile properly, but they were some more advanced things I was working on. All-in-all, about 98% of my code is compatible, but I have a lot of custom code. If you are using OOEL, you are out of luck. If you are using ADE, GlobalVariable (GV) or EL Collections, you will need to install the appropriate packages (see MultiCharts forums for details).
As far as learning how to do backtesting and the rest? I just kind of jump in and start doing it. If you can do it in TS, you can do it in MC, just a little different. If you come across any tutorials for backtesting and optimization, let me know.