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Why do you use MultiCharts?


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Why do you use MultiCharts?

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  #1 (permalink)
 Big Mike 
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Hi guys,

As part of my research for the upcoming " Where to start as a trader (Part II: Trading Platforms)" webinar, I want to solicit input from members about the platforms they use.

If you could give me some information I would appreciate it.

1) How long have you been using MultiCharts?
2) What are your favorite features of MultiCharts?
3) What are some must-have deal breaker features in MultiCharts that you could not do without?
4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
6) How easy/hard was it for you to learn to use MultiCharts?
7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
8) Do you believe MultiCharts is competitively priced?
9) How do you rate the community support that exists for MultiCharts?

Even if someone before you has said something similar to how you feel, please reply anyway. I am gauging response by popularity so need to hear from multiple people even with similar feelings.

If you have any other thoughts to add please do so. Let's try to keep the thread on-topic, focusing on why you use the platform and leave all other discussion to other more appropriate threads.

Thank you,
Mike

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  #2 (permalink)
 arnie 
Europe
 
Experience: Advanced
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Broker: Tradovate
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1) How long have you been using MultiCharts?

4 or 5 years, can't remember exactly. It was love at first sight.

2) What are your favorite features of MultiCharts?

Everything. Started with the charts themselves, than the programming, than the manual trading capabilities and DOM and now I'm waiting for the volume profile, cumulative delta, footprint charts, T&S, that are already promised. Basically the best platform ever.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

DOM, the perfect integration with IB. All works seamlessly.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

It's not only my chart platform but also my trading platform. I do trade live with it.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

I'm a discretionary trader. A platform such as Multicharts is primarily directed to algorithmic traders due to it's program language that allow us to code all sort of algos but personally with its manual trading capabilities, through the DOM and the chart itself, Multicharts is now able to play both sides.

6) How easy/hard was it for you to learn to use MultiCharts?

Very easy. I worked with Tradestation a couple of months and that allowed me to get used to Multicharts quite fast.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

Very good. Their live chat is really good in detecting problems and helping us when we have some bad configuration. Priceless. Their forum is also a very useful way to search for help but I confess that sometimes things could be a bit better on that end.

8) Do you believe MultiCharts is competitively priced?

As far as I know, they charge what has been considered the standard, between $1000 and $1500.


9) How do you rate the community support that exists for MultiCharts?
Most people on the forum are ready to help you. MC staff is also there, answering questions from users.

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  #3 (permalink)
 Coast 
Vancouver, Canada
 
Experience: Beginner
Platform: iTrade Nexa
Trading: SLW
 
Posts: 60 since Dec 2011


That was very interesting arnie. I am looking at buying charting software. I trade SLW on NY ( silver stock). I currently use NetDania free Netstation and Chartstation on two monitors showing silver, gold, EURUSD, USDCAN, USD, etc. Then I have four monitors showing SLW using esignal Live charts in full screen. This costs me only $65 a month. And I have my broker platform, which is my bank supplied order entry screen, which costs me only commission. I have six monitors total so far.

I used Multicharts briefly some time ago and liked the charts very much. Or rather I used RT Investor. At that time I thought I was going to get into market profile trading. But I have now settled on price action trading. Focusing on support and resistance. So I look at charts. Lots of them. 24 - 7. Well, not so many actually. But I'm searching for that ultimate configuration that'll give me an overall picture and fine detail at the same time.

I like dividing the monitor into four charts in pairs of instruments in two time frames or one instrument in four time frames. And I'm looking for a charting software that is well suited to being spread over several monitors. Would you rate Multicharts high in these two capabilities? Multicharts certainly accepts a lot of data feeds. But what's this about Owndata and purchasing that for another $500?

Wait a minute now. I'm confused. Multicharts is different than Investor RT. That's MarketDelta. Now I can't remember if I looked at Multicharts or not. I'm sure I had that icon up on my desk for a while.

Thanks
Coast

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  #4 (permalink)
 arnie 
Europe
 
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Coast View Post
That was very interesting arnie. I am looking at buying charting software. I trade SLW on NY ( silver stock). I currently use NetDania free Netstation and Chartstation on two monitors showing silver, gold, EURUSD, USDCAN, USD, etc. Then I have four monitors showing SLW using esignal Live charts in full screen. This costs me only $65 a month. And I have my broker platform, which is my bank supplied order entry screen, which costs me only commission. I have six monitors total so far.

I used Multicharts briefly some time ago and liked the charts very much. Or rather I used RT Investor. At that time I thought I was going to get into market profile trading. But I have now settled on price action trading. Focusing on support and resistance. So I look at charts. Lots of them. 24 - 7. Well, not so many actually. But I'm searching for that ultimate configuration that'll give me an overall picture and fine detail at the same time.

I like dividing the monitor into four charts in pairs of instruments in two time frames or one instrument in four time frames. And I'm looking for a charting software that is well suited to being spread over several monitors. Would you rate Multicharts high in these two capabilities? Multicharts certainly accepts a lot of data feeds. But what's this about Owndata and purchasing that for another $500?

Wait a minute now. I'm confused. Multicharts is different than Investor RT. That's MarketDelta. Now I can't remember if I looked at Multicharts or not. I'm sure I had that icon up on my desk for a while.

Thanks
Coast

Multicharts has no problem when used on multiple monitors.
You're able to detach chart windows and span them on every monitor you want.

Regarding OwnData you need to check that with them. I have no idea how that work.

Multicharts and MarketDelta are 2 different platforms.

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  #5 (permalink)
 Coast 
Vancouver, Canada
 
Experience: Beginner
Platform: iTrade Nexa
Trading: SLW
 
Posts: 60 since Dec 2011


arnie View Post
Multicharts has no problem when used on multiple monitors.
You're able to detach chart windows and span them on every monitor you want.

Thanks for the reply. How about the ability to specifically put four charts configured in one window or tab on one monitor, and four charts configured in another window or tab on another monitor, and so on?

As opposed to a single chart on each monitor and as opposed to having to place four different detached charts in each monitor manually.

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  #6 (permalink)
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
 
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Coast View Post
Thanks for the reply. How about the ability to specifically put four charts configured in one window or tab on one monitor, and four charts configured in another window or tab on another monitor, and so on?

As opposed to a single chart on each monitor and as opposed to having to place four different detached charts in each monitor manually.

You can have as many charts you want per monitor.
You can create a workspace and have in it 4 charts on each monitor. You can than create another workspace and have another 4 charts on each monitor. Then you tab between workspaces which will change the charts on each monitor accordingly.

You will always need to manually set the chart sizes on each monitor.
There's a software that handles windows in an automatic way, maybe that is what you are looking for:
Actual Tools - Tools for Professionals

You can even make the chart window "sticky" so it is always "in front" (visible) of every single window.

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  #7 (permalink)
 Coast 
Vancouver, Canada
 
Experience: Beginner
Platform: iTrade Nexa
Trading: SLW
 
Posts: 60 since Dec 2011

Thanks arnie. I'll definitely check it out.

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  #8 (permalink)
Bimi
London
 
 
Posts: 118 since Mar 2010
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You can also run multiple instance of MultiCharts in the same computer.

e.g.
You can assign one instance to a screen,
you can have separate controls of all the charts/workspaces in that screen.

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  #9 (permalink)
 Coast 
Vancouver, Canada
 
Experience: Beginner
Platform: iTrade Nexa
Trading: SLW
 
Posts: 60 since Dec 2011


Bimi View Post
You can also run multiple instance of MultiCharts in the same computer.

e.g.
You can assign one instance to a screen,
you can have separate controls of all the charts/workspaces in that screen.

Right, that definitely sounds like a good capability that multiplies already good capabilities. Thanks.

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  #10 (permalink)
 Big Mike 
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Big Mike View Post
Let's try to keep the thread on-topic, focusing on why you use the platform and leave all other discussion to other more appropriate threads.

Mike

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  #11 (permalink)
Doctor Leo
St. Petersburg, Russia
 
 
Posts: 30 since Nov 2010
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1) How long have you been using MultiCharts?

Since 2008.

2) What are your favorite features of MultiCharts?

Reliability of backtesting, ease of use with arbitrary data, multicore/multiprocessing support (especially for optimization), exceptional ease of going live with the very same code you've just tested.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

Same as listed in 2).

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

I use it for trading several live accounts, retail and institutional.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

100% algorithmic and automated. MC is a very convenient RAD platform with great live trading capabilities.

6) How easy/hard was it for you to learn to use MultiCharts?

No problem as I switched from Omega Prosuite.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

Hard to answer because I have sort of special relationships with them, but their team was very helpful when I suddenly ran into issues running two ZF/Rithmic connections from the same instance of MC concurrently. My special regards to Jeff Jenkins and Roman Cherkashin.

8) Do you believe MultiCharts is competitively priced?

Absolutely.

9) How do you rate the community support that exists for MultiCharts?

Haven't ever tried it.

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  #12 (permalink)
 furytrader 
Chicago, IL USA
 
Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker: Advantage Futures, IQFeed.net
Trading: YM, ES, EU, US, S
 
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Posts: 153 since Jun 2011
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1) How long have you been using MultiCharts?

Since August of 2009, roughly.

2) What are your favorite features of MultiCharts?

The payment structure - I paid one price and now I "own" it. No b/s with minimum trading amounts, monthly lease fees etc. that you get with TradeStation.

I like how dependable it is - it rarely ever crashes (and I mean rarely) and it is never slow.

I like the Portfolio Backtester. Very cool.

Very fast backtesting capabilities.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

Payment structure, stability.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

I use MC to generate signals which I then manually enter into my trading platform.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Algorithmic trader - MC helps most by helping me to prototype and backtest systems quickly.[/B]

6) How easy/hard was it for you to learn to use MultiCharts?

Fairly easy - it took a little time to get my orientation right, but now it's straightforward. I had used eSignal prior to this and MC, while not having all the features of eSignal, works a lot faster and with greater stability.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

Solid - they've responded and solved my issues rapidly and comprehensively.

8) Do you believe MultiCharts is competitively priced?

Yes, for what you get - absolutely.

9) How do you rate the community support that exists for MultiCharts?

Good although the community is not huge. There are some very gifted programmers / traders who use MC and are willing to share their insights.

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  #13 (permalink)
 medias 
Karlsruhe, Germany
 
Experience: Advanced
Platform: MultiCharts, AmiBroker
Broker: IB/IQFeed
Trading: Stocks, Emini ES
 
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1) How long have you been using MultiCharts?
Since 2010

2) What are your favorite features of MultiCharts?
Using multiple DataFeeds/Broker-Connections simultaniously. This is the main reason for me; NinjaTrader can't do this, but I do need this feature.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?
See 2)

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
Just charting.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Discretionary, trades are placed with NT.

6) How easy/hard was it for you to learn to use MultiCharts?
Very easy.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
Needed support only once; got a quick reply.

8) Do you believe MultiCharts is competitively priced?
Yes.

9) How do you rate the community support that exists for MultiCharts?
Good, but not excellent. NT seems to have more "supporters".

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  #14 (permalink)
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
 
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Posts: 896 since Jul 2012
Thanks: 291 given, 1,028 received

1) How long have you been using MultiCharts?
1 Year
2) What are your favorite features of MultiCharts?
Portfolio backtester, multiple datastreams, custom data series, easylanguage compatability, 3-d optimization charts, tick IDs for each tick.
3) What are some must-have deal breaker features in MultiCharts that you could not do without?
Portfolio backtester, tick IDs, custom/multiple data streams, easy language compatibility.
4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
Live trades.
5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Both, i have run 100% automated strategies using live money as well as discretionary trades in a seperate account. Ran fine every time. I have encounterd some gotchas, but nothing that was a deal breaker.
6) How easy/hard was it for you to learn to use MultiCharts?
Easy, came from tradestation, But i tried sierra, ninja, esignal before settling on multicharts.
7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
Good, i have used it excessively. Actually this was one of the selling points since i have found 2 bugs that have been now patched. Everytime i got in tech support i was helped quickly.
8) Do you believe MultiCharts is competitively priced?
Relatively well priced. 10-20% reduction would be nice. But i paid full price for a lifetime license after 1 year, if thats anything to go by.
9) How do you rate the community support that exists for MultiCharts?
Not good as compared to tradestations community. in order of activity and feed back i would rate the communities 1) tradestation 2) ninja 3) multicharts. you do get answers but there isnt a lot of archived stuff there.

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 swz168 
Nuremberg, Germany
 
Experience: None
Platform: MultiCharts
Trading: Fx
 
Posts: 49 since Jun 2010
Thanks: 32 given, 59 received

1) How long have you been using MultiCharts?
Two years.

2) What are your favorite features of MultiCharts?
Multibroker and-datafeed, Portfoliobacktester, 3D Optimizationchart, Multicore Cpu support, backtest on chart where you can directly see the result of parameter changes of strategies, Easylanguage/Powerlanguage, great reports

3) What are some must-have deal breaker features in MultiCharts that you could not do without?
Fast prototyping of strategies. All features in 2).
In these two years I have owned MC: Incredible fast release with new features.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
Both.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Algorithmic. Great platform that is getting better and better with every new release. Multicharts big project for next year: Portfolio trading. Multicharts is already great, but then it is near to perfect for my needs.

6) How easy/hard was it for you to learn to use MultiCharts?
Thanks to Easylanguage: Easy.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
Very good. They are helping fast. Some bugs I submitted were fixed fast. Also some of my feature request were implemented.

8) Do you believe MultiCharts is competitively priced?
Since it is a lifetime licence: Yes. You are getting year after year new great features and never have to pay again.
Best software investment I ever made.

9) How do you rate the community support that exists for MultiCharts?
Good. On their forum, there are some great user contributions. Unfortunately, user commnunity is not as huge as Ninjatraders.


One more thing:
Before buying Multicharts, I was also evaluating Ninjatrader too. Finally I decided for MC because of the features mentioned above, especaially the programming language Easylanguage.

Though this thread is not about Ninjatrader, but when I watched here on futures.io (formerly BMT) the webinar "NinjaTrader 8 Preview and Q&A Discussion" and heard Ray saying that they also have to consider their partners whether they implement a new feature or not, I was dissappointed though I don't have bought NT. That is in my view very bad for all the lifetime holders.

I'm glad that Multicharts obviously doesn't have such a big base of partners who develop and sell "additions". I think that is one of the main aspect why Multicharts development of new features is incredible fast. (I'm belonging to those who would never buy indicators, strategies etc. For some people just the big base of partners is a must, but not for me)

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 diverdan 
Singapore
 
Experience: Beginner
Platform: Multicharts, R
Trading: EUR / USD
 
Posts: 185 since Feb 2010
Thanks: 106 given, 98 received

1) How long have you been using MultiCharts?
3 Year
2) What are your favorite features of MultiCharts?
Stability, Back test, multiple timeframes, easylanguage compatability
3) What are some must-have deal breaker features in MultiCharts that you could not do without?
see point 2
4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
Live trades.
5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Automated strategies using live money - I can't trade do discretionary.
6) How easy/hard was it for you to learn to use MultiCharts?
I work in IT and have programmed / used Ninja before MultiCharts - making the switch was easy.
7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
Not used it.
8) Do you believe MultiCharts is competitively priced?
It is ok
9) How do you rate the community support that exists for MultiCharts?
Not as good now that they don't participate in futures.io (formerly BMT)...
However there are lots of TradeStation users who provide a lot of information and a few die hards on futures.io (formerly BMT) who provide a good community.

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  #17 (permalink)
 quantarb 
Wayne, NJ USA
 
Experience: Intermediate
Platform: Multicharts, Deltix DCS
Broker: Interactive Brokers/IQ Feed
Trading: ETF Options
 
Posts: 41 since Oct 2012
Thanks: 7 given, 37 received

1) How long have you been using MultiCharts?
Six months

2) What are your favorite features of MultiCharts?
Portfolio Backtester, Bar Magnifier, Power language programming, breaking up trading system components into individual signals.

3) What are some must-have deal breaker features in MultiCharts that could not do without?
The amazing tech support they offer. Their back testing engine is the most accurate and precise out of all products I used so far.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
I use it for backtesting and I’m currently paper trading my strategies in an IB simulated account before I commit real money.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Algorithmic trader

6) How easy/hard was it for you to learn to use MultiCharts?
Easy, I came from using OpenQuant which is filled with bugs. You had to hardcode anything in OpenQuant.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
See my point above. Also, I like their project management page. This allows me to see what features I can look forward to.

8) Do you believe MultiCharts is competitively price?
Yes, especially for the lifetime the tech support.

9) How do you rate the community support that exists for MultiCharts?
It is alright I guess.

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  #18 (permalink)
 masterchanger 
Chicago, IL
 
Experience: Advanced
Platform: TOS, MT4,Multicharts
Broker: CQG, Thinkorswim, Oanda
Trading: ES, currency futures,GC
 
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Posts: 15 since Aug 2011
Thanks: 32 given, 13 received

1) How long have you been using MultiCharts?
1 week just coming over from Tradestation

2) What are your favorite features of MultiCharts?
easylanguage compatibility helps me while I transition toward learning C#

3) What are some must-have deal breaker features in MultiCharts that you could not do without?
see #2 above as well as choice of brokers

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
I plan to do both

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
I am both, since i currentlyy run easylanguage its a bridge toward using C# that I wouldn't have had had I went to NT

6) How easy/hard was it for you to learn to use MultiCharts?
i think it will be pretty easy coming from TS, the dialogs are very similar

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
Haven't needed it yet but their support forum seems well monitored and responsive

8) Do you believe MultiCharts is competitively priced?
I bot the easylanguage and .net versions for alittle more than a regularly priced lifetime license for one, so I'm ok with that........... now the price doesn't compare with the cost of Amibroker pro but oh well LOL

9) How do you rate the community support that exists for MultiCharts?
I really have had much time to interact with the community but it seems to be fairly small judging but the number of user forum posts

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  #19 (permalink)
 moses 
Nicosia, Cyprus
 
Experience: Intermediate
Platform: Multicharts, Tradestation
Broker: Interactive Brokers, MB Trading, Tradestation for data
Trading: FX, Equities
 
Posts: 39 since Oct 2012
Thanks: 44 given, 41 received

1) How long have you been using MultiCharts?
4 months, jumping over from Tradestation. See my quick comparison review:


2) What are your favorite features of MultiCharts?
Portfolio optimiser


3) What are some must-have deal breaker features in MultiCharts that you could not do without?
Portfolio optimiser with multicore/multithread support, it's faast.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
Now just backtesting still.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Algorithmic. MC has great, accurate (I check using my own Excel formulas) and fast backtester and optimiser.

6) How easy/hard was it for you to learn to use MultiCharts?
Easy. Learned basic easylanguage whilst using Tradestation, so that was no effort.
The software itself is very easy to use.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
Excellent - not much support in the forums, but great email or live support.
Actually, MC themselves note this - that they don't bother with forums too much because they provide great 1-on-1 support.

8) Do you believe MultiCharts is competitively priced?
Yes.

9) How do you rate the community support that exists for MultiCharts?
As I note above, not great, certainly Tradestation is huge compared to MC.
Maybe you can arrange with MC to move their support forums here at futures.io (formerly BMT), so that the users can merge, MC can follow all posts, and it will be a win win?!

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  #20 (permalink)
 bnichols 
Dartmouth NS
 
Experience: Intermediate
Platform: MC, MC.Net, NT, TWS
Broker: IB / IQFeed / Kids
Trading: Forex, stocks
 
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Posts: 638 since Feb 2010
Thanks: 64 given, 460 received

1) How long have you been using MultiCharts?

Since the middle of November, 2012

2) What are your favorite features of MultiCharts?

- chart trading
- multiple time frame charts are a cinch
- relatively stable (IMO better than NT, not as good as TWS)
- short innovation cycle (e.g., latest beta includes volume profile/delta)
- Power/EasyLanguage allows rapid idea prototyping (reference words & coding style intuitive; ~ 1/3 the number of lines as MC .NET or NT C# to do the same thing, handles most of want I want to do without requiring add-ons designed for TradeStation)
- love the way MC handles workspaces
- love the way MC handles trade reporting/accounting
- intrabar order generation + backtest bar magnifier
- overall look, feel & features seems like a relatively mature product--instills confidence.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

- Chart trading
- PowerLanguage for ease of use (and MC .Net's development environment)

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

- both (no local sim trading in MC but trade broker paper and backtest).

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

- both
- Development environment is adequate (like the fact code changes are updated for all live instances of an indicator or signal in all active charts automatically, and that MC. NET will interface with VS 2010).
- strategy execution relatively robust (e.g., places orders as expected, not phased by loss of connectivity)

6) How easy/hard was it for you to learn to use MultiCharts?

- easy but have previous experience with store-bought trading apps via NT and have programmed for approximately 40 years.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

- haven't used it but from the support forum seems proactive and informed.

8) Do you believe MultiCharts is competitively priced?

- Yes, especially the bundle (MC + .Net)

9) How do you rate the community support that exists for MultiCharts?

- IMO MC documentation and community support is sparse compared e.g. to NT & TS (e.g., no in-depth discussion of reserved words, few or no examples in the help docs), but TradeStation docs & community and futures.io (formerly BMT) carries it

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  #21 (permalink)
 PaperTrader 
Malaysia
 
Experience: None
Platform: Free
 
Posts: 105 since Aug 2011
Thanks: 126 given, 21 received

1) How long have you been using MultiCharts?

Since early 2013

2) What are your favorite features of MultiCharts?

the charts,workspace,backtesting platform stability & their support (customer service) oh and free (multicharts starter edition) almost a perfect platform imo

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

trading on Charts & Workspace

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

both - trading live is free (2 symbols limited)

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Both it helps me to look at the market from a different angle e.g built in market/volume profile (multicharts 8.5)

6) How easy/hard was it for you to learn to use MultiCharts?

neither... the charts are easy though

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

9/10 - they helped me with platform setup via teamviewer

8) Do you believe MultiCharts is competitively priced?

free (starter edition) how can you beat free?

9) How do you rate the community support that exists for MultiCharts?

not as good as ninjatrader's however i believe with the released of multicharts starter edition more traders will be using it in the future (depending on their marketing strategy - they made a huge marketing mistake here at futures.io (formerly BMT) and BM no longer want to associate himself with them. - it's non of my business though)



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  #22 (permalink)
 mmandi 
Philadelphia, PA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Interactive Brokers/IQFeed
Trading: Futures: NG, CL, BP
 
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Posts: 11 since Aug 2013
Thanks: 3 given, 10 received

1) How long have you been using MultiCharts?

Since early 2013.

2) What are your favorite features of MultiCharts?

The charts (look and feel, number of chart types), the ability to create custom indicators and strategies, accuracy of link to broker information

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

IQFeed data stream, multi-threading technology (allows for more charts and information when compared to thinkorswim)

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

Live trades

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Currently discretionary trader with plans to progress to algorithmic trading. MC helps with its DOM window and chart trading capabilities. My only "gripe" is that positions only appear in charts using IB data and not IQFeed data.

6) How easy/hard was it for you to learn to use MultiCharts?

Found it be very easy so far. Would like to expand my programming knowledge more which led me to futures.io (formerly BMT).

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

Haven't need it yet. Everything has worked smoothly to this point.

8) Do you believe MultiCharts is competitively priced?

Yes. For all the features it provides I'd say its a good investment. I believe in "you get what you pay for" so for the $1500 lifetime license fee I don't see an issue. Haven't researched the price of other trading platforms though. I must add that as a former thinkorswim user (which is free with a TD Ameritrade account) I am glad I paid for the license. TOS has its limits and thats probably because its free but you wind up paying for it with higher commissions.

9) How do you rate the community support that exists for MultiCharts?

I think that could be better and is one of the reasons I'm here at futures.io (formerly BMT). I reviewed TradeStation before making my platform choice and the community there seems more involved and active. Even though I wasn't able to access all the forums without a TradeStation account the forums seemed more detailed and numerous than what exists at MultiCharts. From what I've seen the community at MC is more focused on bug-fixing and support issues (which is fine) but I'd like to se more trading specific information posted there also. I think futures.io (formerly BMT) picks up the slack where the MultiCharts community leaves off.

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  #23 (permalink)
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
 
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Posts: 824 since May 2010
Thanks: 722 given, 1,027 received


Quoting 
5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Currently discretionary trader with plans to progress to algorithmic trading. MC helps with its DOM window and chart trading capabilities. My only "gripe" is that positions only appear in charts using IB data and not IQFeed data.

Actually, by mapping IQFeed symbol with IB symbol you're able to manage your IB positions on IQFeed charts.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #24 (permalink)
 mmandi 
Philadelphia, PA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Interactive Brokers/IQFeed
Trading: Futures: NG, CL, BP
 
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Posts: 11 since Aug 2013
Thanks: 3 given, 10 received


arnie View Post
Actually, by mapping IQFeed symbol with IB symbol you're able to manage your IB positions on IQFeed charts.

I've only been using MC since early this year so I'll have to try that. I've tried placing both on the same chart and using invisible bars but that didn't work. The symbol mapping screen confused me a little bit. If you don't mind can you give me instructions on how to make that work... I'd be very appreciative! Thanks for replying to my post also.

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  #25 (permalink)
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
 
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Posts: 824 since May 2010
Thanks: 722 given, 1,027 received


mmandi View Post
I've only been using MC since early this year so I'll have to try that. I've tried placing both on the same chart and using invisible bars but that didn't work. The symbol mapping screen confused me a little bit. If you don't mind can you give me instructions on how to make that work... I'd be very appreciative! Thanks for replying to my post also.


Here is the Wiki link:

Symbol Mapping - MultiCharts

Actually, how mapping is done nowadays is way better than it was in the beginning.
Very easy, very straight forward.

Set IQFeed symbol first and then the IB symbol for that IQFeed specific symbol.
You need to always use the symbol which you mapped.

For example, if you map the @ES# IQFeed symbol only this one will allow you to manage IB orders. If you choose @ES#C instead, you'll need to map this one also otherwise you'll not see any IB orders.

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  #26 (permalink)
 waza1960 
NSW Australia
 
Experience: Advanced
Platform: MT4/MT5/ Multicharts/Ninja Trader
Broker: gain
Trading: forex
 
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Posts: 33 since May 2010
Thanks: 38 given, 39 received

1) How long have you been using MultiCharts?

1 YEAR

2) What are your favorite features of MultiCharts?

Reliability of backtesting, ease of use with arbitrary data, multicore/multiprocessing support (especially for optimization), exceptional ease of going live with the very same code you've just tested.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

Same as listed in 2).

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

Both

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Both it is a good platform for both

6) How easy/hard was it for you to learn to use MultiCharts?

Easy

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?


Excellent

8) Do you believe MultiCharts is competitively priced?

Yes especially since they have a free version to start with

9) How do you rate the community support that exists for MultiCharts?

Average

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  #27 (permalink)
boundless
Puerto Vallarta, Mexico
 
 
Posts: 13 since Mar 2014
Thanks: 11 given, 4 received


arnie View Post
1) How long have you been using MultiCharts?

4 or 5 years, can't remember exactly. It was love at first sight.

2) What are your favorite features of MultiCharts?

Everything. Started with the charts themselves, than the programming, than the manual trading capabilities and DOM and now I'm waiting for the volume profile, cumulative delta, footprint charts, T&S, that are already promised. Basically the best platform ever.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

DOM, the perfect integration with IB. All works seamlessly.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

It's not only my chart platform but also my trading platform. I do trade live with it.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

I'm a discretionary trader. A platform such as Multicharts is primarily directed to algorithmic traders due to it's program language that allow us to code all sort of algos but personally with its manual trading capabilities, through the DOM and the chart itself, Multicharts is now able to play both sides.

6) How easy/hard was it for you to learn to use MultiCharts?

Very easy. I worked with Tradestation a couple of months and that allowed me to get used to Multicharts quite fast.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

Very good. Their live chat is really good in detecting problems and helping us when we have some bad configuration. Priceless. Their forum is also a very useful way to search for help but I confess that sometimes things could be a bit better on that end.

8) Do you believe MultiCharts is competitively priced?

As far as I know, they charge what has been considered the standard, between $1000 and $1500.


9) How do you rate the community support that exists for MultiCharts?
Most people on the forum are ready to help you. MC staff is also there, answering questions from users.

I have some questions about this as I am just getting into multicharts

#4: You said you use it as your trading platform connected to IB, right? It's my understanding that this is a subscription that you purchase through IB and costs about $39/month. Is that correct?

#8: I'm not sure why you said it costs between $1000 and $1500. I downloaded it for free through Interactive Brokers. Did you have to pay for it so many years back or am I only getting the demo version or something?

Thanks

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  #28 (permalink)
 edassery 
chicago. IL , USA
 
Experience: Intermediate
Platform: IB
Trading: oil
 
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Posts: 31 since Dec 2012
Thanks: 64 given, 41 received


boundless View Post
I have some questions about this as I am just getting into multicharts

#4: You said you use it as your trading platform connected to IB, right? It's my understanding that this is a subscription that you purchase through IB and costs about $39/month. Is that correct?


Thanks

1. you could use subscription method , pay $39/month through IB
2. you could purchase the license directly from multichart, for $1000-1500..
3. you could download the multichart.net starter edition free for live trading but restricted to 2 instrument at a time.
please visit multichart website for more details..

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  #29 (permalink)
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
 
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Posts: 824 since May 2010
Thanks: 722 given, 1,027 received


boundless View Post
I have some questions about this as I am just getting into multicharts

#4: You said you use it as your trading platform connected to IB, right? It's my understanding that this is a subscription that you purchase through IB and costs about $39/month. Is that correct?

#8: I'm not sure why you said it costs between $1000 and $1500. I downloaded it for free through Interactive Brokers. Did you have to pay for it so many years back or am I only getting the demo version or something?

Thanks


I really can't speak regarding the monthly subscription. I had no idea that they had that option.

I bought a full licence because my monthly expenses are already too high so every thing I can do to lower it it's a plus for me. Also, on the long haul it's a lot cheaper to by a licence then to rent it.

Like @edassery said, you have now the .NET Starter version, totally free of charge. You have access to every thing on Multicharts, all the tools, all the studies, you can program whatever you want and trade live. The only restriction is that you are only able to have 2 symbols. If you need more than 2 than you need to purchase the full licence or apparently, pay $39/month through IB.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #30 (permalink)
 ABCTG   is a Vendor
 
 
Posts: 2,238 since Apr 2013
Thanks: 417 given, 1,489 received

To my understanding you can even use MC for free with IB, so long you don't want to trade through it. At least this is true for MC.NET via IB, the link below is not really clear if this works with the PowerLanguage MC, too.
https://www.interactivebrokers.com/en/?f=%2Fen%2Fsoftware%2FreleaseNotes%2FTWS_Notes_944.php

Regards,
ABCTG

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  #31 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
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  #32 (permalink)
kishisaki
Chicago IL USA
 
 
Posts: 24 since Aug 2012
Thanks: 1 given, 2 received

) How long have you been using MultiCharts?
6 months
2) What are your favorite features of MultiCharts?
Fast, very fast charts performance then any other platform
3) What are some must-have deal breaker features in MultiCharts that you could not do without?
performance
4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
simulator
5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
discretionary
6) How easy/hard was it for you to learn to use MultiCharts?
easy
7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
never used
8) Do you believe MultiCharts is competitively priced?
yes
9) How do you rate the community support that exists for MultiCharts?
never used

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  #33 (permalink)
 kami 
kuala lumpur, Malaysia
 
Experience: Intermediate
Platform: Python
Broker: Oanda,IB,Lmax
Trading: FOREX
 
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Posts: 31 since Mar 2011
Thanks: 13 given, 10 received

) How long have you been using MultiCharts?

4 years or more

2) What are your favorite features of MultiCharts?

a)

It is compatible with easylanguage. I trade forex and im a trader 1st and 2nd is a programmer.

I need to test a lot strategies. I mean a lot .. Many ideas have been written in easylanguage can be tested easily in MC. i think powerlanguage is the best to implement my idea in fast way.

b)

Portfolio backtesting and soon they going to implement new Portfolio Auto trading with unmanaged order features.

Please vote https://www.multicharts.com/pm/viewissue.php?issue_no=MC-1497

Who ever long enough in trading they will know the power of portfolio.



3) What are some must-have deal breaker features in MultiCharts that you could not do without?

Performance. I like the 64 bit.. i believe once new portfolio in place it will be new thing that i will rely on.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
Both

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Both. Depend on the risk of my client can tolerate but my account i use 100% automated.

6) How easy/hard was it for you to learn to use MultiCharts?

It is not that hard but you have to ask the MC guys a lot if you want to understand the configuration of MC such as how to combine multisource and etc. However once you understand actually it is easy.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

Superb. Real person with real time support and they can remote to your pc if you stuck.

8) Do you believe MultiCharts is competitively priced?

I think the price is reasonable.

9) How do you rate the community support that exists for MultiCharts?

A lot of things you can learn and understand what issue some of the users encounter.

Users are supportive to help each other.

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  #34 (permalink)
fube
Boston, Massachusets
 
 
Posts: 8 since Feb 2016
Thanks: 1 given, 0 received

In my opinion, I like the GUI. I heard some coders say that it's friendly with C# which allows them to code some stuff to help them trade.

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  #35 (permalink)
 Lysakat 
Las Vegas NV USA
 
Experience: Beginner
Platform: TWS, TOS, Multicharts
Broker: IB
Trading: Stocks, ETFS,Options
 
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Posts: 27 since Jul 2014
Thanks: 11 given, 11 received

Hi Mike,
Richard here on Lysakat (my better half trading) partner's account. First letís say we are new traders, but by that we mean we trade full time for a living.

Although interested in futures, forex, day trading, discretionary..., OK whatever can be traded we hope to either embrace them all or narrow to what suits us best and probably the latter. Currently we are focusing on algorithmic trading partly because of my background in designing and building computer systems and it is something we are both familiar with. We have spent several years preparing, studying and understanding what we can long before trading.

We are foremost proponents for back testing or testing in almost any form tending towards actual trade simulations (as close to real as possible). We have some reasonably simple rule driven indicators we use.

We started with manual testing and feel if realistic and well done it trains one to trade, defines protocols and routines, and refines decision making as well as test a system. It is amazing what you can learn if you can do hundreds of simulated trades every day. It is like a time machine were you can experience everything at 10X speed. I say this because waiting for the next dayís trades can seem to take forever. In real-time trading you may forget what you did yesterday, didnít make the notes you wanted, your mood is different, you stayed up too lateÖ so it is a serious amplification of many daily variables that will affect your trading. These also happen in testing but seem more keenly observable.

So this bring us here to a new platform. You've caught us at an interesting time. I am currently evaluating MC in trail mode mainly due to flaws and the lacking sophistication of the languages supporting our current platforms. Weíve learned many things with the free version of ProRealTime (PRT) but found that their implementation of time (not allowing to look forward) caused certain indicators to be displayed on the wrong date as in swing high/low. I loved ThinkorSwim (TOS) because to start it seemed to be much better at dealing with graphic representation and has quite worked well for a time. But now I am interested in more realistic computer simulations to optimized and search for system anomalies and proficiency. Just recently I have discovered unpredictable behavior (random calculation changes) and some newly introduced display anomalies as part of a list of issues. So here I am at MC again.

We originally looked at this as a primary choice but because it lacked options support so continued looking. We were looking for two things, good reliable implementation and portfolio (multi instrument) and accounting testing. Didnít realize what we were asking for. So I hope to provide a newbies view of why MultiCharts.

1) How long have you been using MultiCharts?
A few weeks, although we did hack at it for a month a year ago.

2) What are your favorite features of MultiCharts?
Broker independence, reliability, multiple coding languages supported (I find that if it supports standard languages, the Cís, R or others make it real) where a scripting or higher level language may not allow you access to some functionality. It is generally feature and graphic display rich.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?
True programmability. Robust support of all classes instruments (only lacking options). Longevity, we donít want to have to learn a new platform every time we change trading style or major asset class.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
We have IB as our current broker and realize MultiCharts can be used for trading, (same reason I liked TOS except for their commission costs) so perhaps someday soon but the current interest is testing. It takes practice to be proficient and confident enough to trade. Learning IB was interesting.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
From our newbies perspective is seems to support both and because it does makes it that much more desirable. One platform to rule them all, so to speak but perhaps wishful thinking.

6) How easy/hard was it for you to learn to use MultiCharts?
It has much to offer and so lots to learn, however it is comparatively straight forward and somewhat intuitive. Every platform has terminology to translate into and understand, MultiCharts is no different but seems more intelligible.

7) How do you rate MultiCharts' customer service/support, assuming you have needed to use it?
NA

8) Do you believe MultiCharts is competitively priced?
Yes, although one always hopes for free.

9) How do you rate the community support that exists for MultiCharts?
After TOS I find the community has depth and support. There is enough range in sophistication and duration that most questions or discussions are intelligent and available. Big Mikes, I guess now futures.io is a fine example of this.

Hope this helps,
Richard

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  #36 (permalink)
just4aaa
Washington DC
 
 
Posts: 5 since Dec 2016
Thanks: 2 given, 0 received

1) How long have you been using MultiCharts?
Since about 2016
2) What are your favorite features of MultiCharts?
The charts, and ease of use.
3) What are some must-have deal breaker features in MultiCharts that you could not do without?
Nothing to compare, this is the first platform I've ever used.
4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?
I've done both
5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?
Currently discretionary trader
6) How easy/hard was it for you to learn to use MultiCharts?
Easy to learn, but would like to learn more, would love to talk with fellow MultiCharts users.
7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?
AMP Clearing customer support is pretty good.
8) Do you believe MultiCharts is competitively priced?
Its free thru AMP Clearing, but was considering paying for the lifetime license for $1500, but would like to speak with fellow MultiCharts users to see what I would gain, but I do believe in "You get what you pay for".
9) How do you rate the community support that exists for MultiCharts?
N/A

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  #37 (permalink)
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
Platform: MultiCharts
Broker: Edge Clear
Trading: Micro Indices
 
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Posts: 27 since Jun 2019
Thanks: 217 given, 40 received

1) How long have you been using MultiCharts?

~2 months as of today.

2) What are your favorite features of MultiCharts?

Performance and stability.

3) What are some must-have deal breaker features in MultiCharts that you could not do without?

Automated trading & Lifetime License.

4) Do you use MultiCharts in simulation mode only, or do you place live trades with it?

Simulation for now. Will be using automated live trading.

5) Are you a discretionary trader or an algorithmic trader? How does MultiCharts help you with this?

Algorithmic trading. MC can help with fast and accurate back testing and optmization.

6) How easy/hard was it for you to learn to use MultiCharts?

About 1 week. Still learning.

7) How do you rate MultiCharts's customer service/support, assuming you have needed to use it?

I had to contact the support team for MC's discussion forum access. Took less than 5 minutes to get me setup. Would have been nice to be able to setup it up myself.

8) Do you believe MultiCharts is competitively priced?

Yes when compared to other platform.

9) How do you rate the community support that exists for MultiCharts?

7 out of 10. I have not needed much help as most questions were already asked. I have been helping others where I can.

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Last Updated on April 11, 2021


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