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@rolandw85, sorry that I've flooded responses here, but here is one more. Two additional features in Portfolio Trader is Forward Testing and Automate Order Execution. I don't use either (too long to explain), but the forward testing does just what it implies: it will allow you to do incubation/forward testing. I see it being useful on intraday systems.
~vmodus
Enjoy everything!
Can you help answer these questions from other members on NexusFi?
Greetings all. I've been a TradeStation customer for 20+ years and as a Canadian resident, was given notice last month that TS would be closing all Canadian resident brokerage accounts. As I have a considerable amount invested in custom EL studies, switching to MultiCharts seems like a no brainer. Big concern though is finding a new data feed service and futures broker (besides IB) that handles Canadian accounts. Anyone have any experience/thoughts? Thanks.
I can't help with Canadian brokers, but will you be able to use the Tradestation 10 platform, if you pay a monthly fee? That might be an alternative for data. You can drive Multicharts with Tradestation data.
I only mention this because if you go to a different data vendor, your strategies could experience different performance due to data (mainly rollover) differences. I've had strategies that looked great in one platform that fell apart in the other platform - all due to data issues.
Just wanted you to be prepared for that. Code usually will transfer with little or no problem, which is good.
Very interesting discussion. I am currently thinking of going with TS International which is a mix of TS and IB. Will likely trade with MC as I like the platform very much. Does anyone have experience with using TS as data provider, MC for signals and IB as broker? Maybe, this adds to many points of failure as I need to run TS, MC and TWS simultaneously.
I was looking for brokers that offered stocks AND futures. Could not find much other than interactive brokers, tradestation and TD ameritrade.
Then I bumped into this:
They seem to have nice fees, surely beats opening an account at tradestation.com …
the data for TS International is coming from IB. If that is the case, you would not gain anything with your setup, but only add one layer that could fail compared to receiving the data directly from IB.
I was forced to switch to Multicharts from Tradestation a few years back after being with Tradestation for more than 20 years due to them cancelling Canadian accounts.
It was a total blessing in disguise as it is only after you use an alternative platform that you realize what a total POS Tradestation actually is.
Multicharts has been an extremely stable platform (unlike Tradestation), their support blows Tradestation away, the 64 bit platform is lightening fast and if you are so inclined, you can open up a totally new world by delving into their .NET version. I regularly thank Tradestation in my head that they decided to cancel Canadian accounts.
There are a few US brokers who take Canadian accounts - the ones I have been with for the past few years is Edgeclear. Had no issues with them. Data provider is Rithmic and life is good.
still, a question or concern - is Multicharts still in development, they haven't released anything for a while, and looking at their multicharts.com/pm portal:
8 feature requests is peanuts compared to past releases, making me wonder what are the medium to longer plans ... it doesn't look too bright.