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Quick review of Multicharts vs Tradestation
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Created: by moses Attachments:0

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Quick review of Multicharts vs Tradestation

  #11 (permalink)
Elite Member
Nicosia, Cyprus
 
Futures Experience: Intermediate
Platform: Multicharts, Tradestation
Broker/Data: Interactive Brokers, MB Trading, Tradestation for data
Favorite Futures: FX, Equities
 
Posts: 39 since Oct 2012
Thanks: 44 given, 39 received

When I funded my TS account in June 2012, I was offerred a 3-month free trial period for portfolio maestro - have a look at it if you like.

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  #12 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

Sounds like they have various special deals over time...

I was not offered that, but was given the platform for free, real-time data for free, with no minimum activity requirements. All for life. Pretty sweet.

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  #13 (permalink)
Elite Member
Nicosia, Cyprus
 
Futures Experience: Intermediate
Platform: Multicharts, Tradestation
Broker/Data: Interactive Brokers, MB Trading, Tradestation for data
Favorite Futures: FX, Equities
 
Posts: 39 since Oct 2012
Thanks: 44 given, 39 received


wow, that sounds like a sweet deal - did you just walk in the shop and they offered it, or there is a secret to it?

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  #14 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

There is a secret. I'll tell you, if you'll be my friend.

I emailed TS last year, last Feb. I did so through their website... I started getting emails with offers, that just kept getting better as I inquired further. Life got busy for me, work, two little girls (1 & 3), I don't remember exactly, but I forgot about the offer until last week. I emailed back, asking it still stands, and she said sure. Wow. I confirmed, the platform for free, no min activity requirements, free data and that it's real-time. She said yup. TS will even reimburse the wire charge too so I could get funds in the account ASAP. I then asked if the same offer applies if I were to set-up a futures and forex account. Yup. So, I did that too...

One of my buddies trades the ES and other futures on TS, and he pays for data. I think this is just a special offer to lure-in new clients. You won't find the offer posted on the website, so I was told...



moses View Post
wow, that sounds like a sweet deal - did you just walk in the shop and they offered it, or there is a secret to it?


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  #15 (permalink)
Go Bears!
Bay Area, CA - US
 
Futures Experience: Beginner
Platform: TOS, TS & MC
Broker/Data: TDA & TS
Favorite Futures: Stock, Options and now Futures (ES)
 
TonyB's Avatar
 
Posts: 514 since Dec 2010
Thanks: 227 given, 134 received

Boy, you weren't kidding about the TS and MC platforms having the same look and feel. I really like the asset class tabs on top (Equities, Options, Futures & Forex).

So, the nomenclature is Desktop, Workspace & Windows, in that order?

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  #16 (permalink)
Trading Apprentice
Waldorf MD
 
Futures Experience: Advanced
Platform: Think or Swim
Favorite Futures: energy
 
Posts: 1 since Mar 2013
Thanks: 1 given, 0 received


TonyB View Post
There is a secret. I'll tell you, if you'll be my friend.

I forgot about the offer until last week. I emailed back, asking it still stands, and she said sure. Wow. I confirmed, the platform for free, no min activity requirements, free data and that it's real-time. She said yup. TS will even reimburse the wire charge too so I could get funds in the account ASAP. I then asked if the same offer applies if I were to set-up a futures and forex account. Yup. So, I did that too...

One of my buddies trades the ES and other futures on TS, and he pays for data. I think this is just a special offer to lure-in new clients. You won't find the offer posted on the website, so I was told...

Hi TonyB, could you please PM me the contact info for your TS broker (or the offer code, if there was one) so I can ask for the same offer when I open my TS account?

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  #17 (permalink)
Trading Apprentice
Tampa + FL/USA
 
Futures Experience: Intermediate
Platform: Active Trader Pro
Favorite Futures: Stocks
 
Posts: 1 since Feb 2014
Thanks: 0 given, 0 received

Tradestation - portfolio maestro

I am thinking of moving to TradeStation, so I just sent email to contact that I was working on with regard to free data. I am getting from Fidelity, Schwab, and TD Ameritrade. So from TS perspective, I am a newbie.

With regard to portfolio maestro, I have a question. With regard to ranking Portfolio Maestro only seems to have only fixed ranking mechanisms, like percent change over a specific loop back period, it looks like. For example, if I want to rank performance based on 6 months but not including recent month that may be hard to do?? In Amibroker, there is a concept of position-score which one can via AFL scripting can setup to whatever, and the rotational trading and corresponding back-testing can be done. In TS there seem to be XLS import of ranks possible, but what was I wondering about the format. If I need to back-test for 5 years or so, how can one can setup that Excel spreadsheet? Also, can there be multiple strategies in a Strategy group, one feeding the other, i.e., one creating a ranks file that is used by another strategy?


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  #18 (permalink)
Trading for Profit
new york
 
Futures Experience: Intermediate
Platform: X Trader, Sierra Charts, Multicharts
Broker/Data: AMP/TT, Vision/Rithmic, AMP/CQG
Favorite Futures: CL, NG, gold
 
Posts: 355 since Mar 2012
Thanks: 665 given, 569 received

what is the relationship between the russians and Tradestation ?
Does anyone know ?

Are they connected internally ? Are they a subsidiary ?
MC seems to be a clone to me.

anyone ?

shane

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  #19 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,532 since Apr 2013
Thanks: 231 given, 854 received
Forum Reputation: Legendary

They are not affiliated in any way. As far as I know the rumors about some of their guys being former TS programmers are also not true.
In my opinion MC looked at the handling and feel of TS and implemented what they liked into their platform and at the same time closed all the issues that TS had before they introduced OOEL. On top of that you have features build in today that TS doesn't have - like the delta, volume profiling and flexibility of choice when it comes to brokers and datafeeds for example.

Also don't forget that the MC guys offered tools for Tradestation long before MC was on the market.

Regards,
ABCTG

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  #20 (permalink)
waverider
Sydney
 
Futures Experience: Advanced
Platform: NinjaTrader; TWS
Broker/Data: Kinetick, IB
Favorite Futures: US Stocks, FX, Futures
 
Posts: 45 since Dec 2009
Thanks: 28 given, 6 received

MultiCharts V Trade Station V RightEdge



moses View Post
Summary: this post gives my subjective speed measurements on portfolio-level backtests performed on Tradestation's (TS) Portfolio Maestro and Multicharts 64-bit (MC).
If you don't want details, just skip to the end of the post for these results.


Hi all,

I'm a new member to the forums, so I thought it could be useful to give my 2 cents, and maybe it can help some beginner like I am.
I am trying to create:
a. a few properly backtested strategies
b. for the US equity markets
c. to trade systematically, ie no discretionary trading

Towards this goal, I think that what is important for me, software-wise is:
1. portfolio-level backtesting capability
2. that is as fast as possible, in order to spend time testing ideas and not waiting for tests to finish
3. accurate backtesting calculations
4. good client service

.......


Andreas

Wow, thanks Andreas, that is awesome. Have you since used MC to do Equities Scans on EOD data over a few thousand stocks? Is this easy to use and manage watchlists?

I don't suppose you, or others, have upgraded to MultiCharts.NET and can comment on the benefits of using C# and what features that adds?

Has the documentation improved? I continue to hear terrible things about that.

Anyone compared it to RightEdge? Which also uses C#? Or QuantConnect?

Finally, anyone interested in being paid to set things up for me, build some scans / initial tests / perhaps help me learn some C#? Happy to pay going rate.

Seems harder than I expected to find these experts online? UpWork seems to be the best I've seen so far ??

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