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I've not used the Multicharts portfolio trader for years now, I still use Multicharts but I moved to FX trading, so I don't need that functionality. Last time I used it though, it was good and fast.
I have been considering revisiting equities and bulk testing, and I believe MC will be fine for it - if I do it, I'll write my impressions in this thread.
I also don't use Multicharts.net or C# - I find that the simplicity of easylanguage matches a belief I have - the simpler, the better.
Can you help answer these questions from other members on NexusFi?
MC Volume profiling ---- you're kidding right?
How many times a week are you being asked for custom coding around their (useless) volume profile, which is a joke as it stands right now.
In my humble opinion, Multicharts doesn't even get close to the ivy league with respect to Volume Profile. There's at least 2 or 3 other products that do this better. Now, let me backup my statements:
- Works only on tick data, no minute. This somewhat limits the amount you can see (considering the 3 or so months of tick data IQFeed provides, for example)
- It is sooo inflexible in terms of setting it on a chart - you can only set it up per session or per last N sessions. No other customization possitlbe (NinjaTrader through DiscoTrading, SierraChart, AmiBroker or Investor/RT can do range - mouse drag/drop across tick or minute charts)
- Playback has no integration with Volume Profile. They took a shortcut and developed a "silo" feature.
One other pain point regarding MC's Portfolio Trader. Try and build a strategy on a large number of stocks stocks (past 10 years') on minute data ... it's hardly usable.
I don't believe someone really tested the software in such "corner case" scenarios with most of their data source <officially supported>. That's not to say TS's Maestro is better ... I don't take sides.
Now, don't get me wrong, MC / MC.NET have some good strong points (such as speed, integration with .NET/c#, productivity, seamless integration with some brokers, best playback bar-by-bar out there) I like and I use them now and then for research. However, Volume Profile is NOT one of their strong points. To me, it's just a wissle to lure in new customers.
I wasn't kidding, I was giving examples of features that MC had and that TS didn't have at that time.
The full quote from two and a half years ago was "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."
This was not a valuation or a praise of the quality of the implementation it was just a comparison between TS and MC.
