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MultiCharts, MultiCharts, MultiCharts...


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MultiCharts, MultiCharts, MultiCharts...

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  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Posts: 49,050 since Jun 2009
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There is extensive support for managing automated entries, which is where MC focuses right now. It also has a very extensive backtesting engine, but I can't really test much without learning the language. It is multi-core/multi-threaded.

There is no chart trader like NT, although it has been mentioned for MC7 ideas.

Mike

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Can you help answer these questions
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  #12 (permalink)
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Forgot to answer on multiple monitors.

The general idea is there a primary MultiCharts "console", think of it like the NT Control Center. But the difference being that you can dock any chart or window to the console window, or you can detach them and move them freely. So no problem at all with multi-monitor (I have four 22's, and had charts all over the place, worked fine). There is also a nice feature on the window bar to make the window sticky (stay on top of all windows).

You can have multiple workspaces open simultaneously, and flip through them very easily.

Mike

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  #13 (permalink)
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Manta, Ecuador
 
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Someone on my blog, and a couple people on the forum, have asked about backtesting performance compared with TradeStation and NinjaTrader.

I can't do any scientific comparisons in that regard yet, I need to get a better handle on EasyLanguage.

But, someone on the MC forum did a comparison against TradeStation, here are the results:



I can also tell you that MC has a unique 3D Model View for backtest results, very cool. And I can tell you they are multi-threaded and multi-core, the simple backtests I did try maxed out my 8 core system (4 real, 4 hyperthreading).

Mike

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  #14 (permalink)
Panama!
 
 
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Mike sorry to hear about NT blowing up on you. as you know many of us have been beating that drum for a while and it's too bad bc it literally costs you money. After switching to tradestation, id never look back.

however, im also still looking for another platform that works well w realtime tick data to run in addition to TS. i'll keep this thread bookmarked

 
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  #15 (permalink)
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

I'll throw in my $.02.

Try to be unemotional (this isn't a Sports Illustrated photo shoot) and give NT more time. Given your situation, what is there to lose?

However, if you have ants-in-the-pants, try MC on a month to month basis.

I paid $950 for a NT lifetime license. MC would have to offer a very significant benefit resulting in additional PROFITABILITY for me to dole out $1500 , not to mention the headaches of indicator and strategy conversion.

After all, I'm running a business here and every expenditure has to be evaluated on whether it improves the bottom line.

 
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  #16 (permalink)
san francisco, ca
 
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I think some interesting considerations are going to be the support from the vendor and the community around the platform. I was considering openQuant for a while, but support is non-existant and their is almost no community around the platform.

As frustrating as NT is (I am very very unhappy about the historical bid/ask/last data fiasco), I know there are alot of talented individuals out there who think like me, work like me, and have the ability to code around some of this stuff with NT 6.5. I think NT 7 will stabilize, but it is just likely 3-6 months from now.

I think for me, my main criteria is a stablility, repeatability, support, and really really importantly community!

I am interested to see how this plays out with you and MC, if it truely offers advantages, then I am all in as well, but right now, I am not at the point where I want to jump just yet!

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  #17 (permalink)
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dnof View Post
....

As frustrating as NT is (I am very very unhappy about the historical bid/ask/last data fiasco), I know there are alot of talented individuals out there who think like me, work like me, and have the ability to code around some of this stuff with NT 6.5. I think NT 7 will stabilize, but it is just likely 3-6 months from now.

I think for me, my main criteria is a stablility, repeatability, support, and really really importantly community!
...


Good point:
-------
NinjaTrader Support Forum Statistics:
Threads: 25,406, Posts: 143,664, Members: 18,202
-------
MultiCharts forum statistics (a phpBB forum ):
Our users have posted a total of 24166 articles
We have 922 registered users
-------

Ok, maybe it's because MC is rock solid, no bugs, no crash, only happy customers .
There is maybe a large EasyLangage community, but I didn't find it...
Another aspect, not sure because I'm an IT guy, but I found EasyLangage strange, and didn't like it.
I didn't like few other things in it, but maybe because I use NT for a long time, and habits are hard to change.

But it's clear that this is a very well made piece of software, and I'll take a deeper look at it the day I'll be tired to wait for a stable NT7 (NT7 which is good for sim only, or backtests, but absolutly not ready for trading with cash, and nobody know when it will be).

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  #18 (permalink)
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Manta, Ecuador
 
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I believe tradestation.com is probably the biggest place for EasyLanguage indicators, but I am sure with some digging we can come up with thousands of them.

Yes, for sure their forum is not very good. I dislike phpBB, and there's is very old, not well organized. I don't understand why companies do this. It's like with NinjaTrader not raising the stupid post limits so someone can even attach a normal sized screen shot to a post, they limit it to some ridiculous file limit. What's the problem? They don't know how to raise the limit, they can't afford a $100 hard drive, what? So I also feel the same way with MC forum, out of date and no excuse.

As for the number of registered users, keep in mind the number you are seeing in both cases is total members, not active members. But also keep in mind that MC forum is restricted to paying customers only, you cannot register an account there and post unless you have bought the software. Something I don't necessarily agree with, but it is what it is.

Also, you have to remember NT gives their product away for free in many cases. They have partnerships with some brokers, and they have free versions for download. MultiCharts doesn't do this, so it will greatly diminish their installed base, but I'm not so sure that is a bad idea. I never agreed with NinjaTrader's idea of giving the software away for free. In fact, I felt it was a constant drain on their resources, and they should actually charge more. Of course I would only pay more if the software was worth more.

Speaking of costs, it should also be mentioned that MultiCharts has an extensive DRM protection system. While I sometimes curse these types of things, in some cases I think it makes sense. NinjaTrader for instance can be cracked very easily and having the engineers make it so easy means they've lost some revenue. By MultiCharts having DRM, it means they've gained some revenue from keeping everyone honest.

Anyway this turned into a lengthy post and this... one thing I need to do though, as you brought up, is find a nice repository of EasyLanguage indicators.

Mike

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  #19 (permalink)
london uk
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
Trading: Stocks
 
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Posts: 409 since Jun 2009
Thanks: 333 given, 120 received

Mike, I've heard MC has Point bars, are they like Range bars? Also, can you get free datafeed like you can have in NT?

Thanks

 
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  #20 (permalink)
Australia
 
Experience: Intermediate
Platform: Ninja
 
vast's Avatar
 
Posts: 167 since Jun 2009
Thanks: 154 given, 62 received


Mike I have heard good reports on Ensign Software.
I knew a few people using it. Found it very powerful.
Not sure if you have looked at that.
Regards


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July 24, 2011


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