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Anyone switch from TradeStation to MultiCharts?


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Anyone switch from TradeStation to MultiCharts?

  #21 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
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SBtrader82 View Post
I just stumbled upon this thread, can you guys clarify a doubt? Is Multichart mainly interesting to develop trading system? is this the main reason why people are using multichart?
I just tried it once and I didn't like it at all but I had the feeling that I didn't reallly understand it. I am a completely discretionary trader using motivewave and Sierrachart.
Thanks for any answer.

Hey @SBtrader82 , there are a few reasons I have MC:
  • Easy transition from all the things we have built in TradeStation, due to code compatibility between the two platforms
  • 64-bt architecture is faster and less prone to crashing (I crashed maybe once in 20 months)
  • I think the tools for automation are a lot better than TS
  • It is a fail-safe if we ever ditch TS
  • Charting, data and broker options are a lot better than TS
I do not care for it for discretionary/chart trading, mainly because I find the rendering a little awkward. I don't trade manually, so it is not a huge deal. It may be how I'm using it. Still, the trading interface is pretty decent.

I like Sierra Chart for chart analysis and @snax seems to like it for trading (he recently started using it).

I hope this helps.

~vmodus

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  #22 (permalink)
 
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vmodus View Post
Hey @SBtrader82 , there are a few reasons I have MC:
  • Easy transition from all the things we have built in TradeStation, due to code compatibility between the two platforms
  • 64-bt architecture is faster and less prone to crashing (I crashed maybe once in 20 months)
  • I think the tools for automation are a lot better than TS
  • It is a fail-safe if we ever ditch TS
  • Charting, data and broker options are a lot better than TS
I do not care for it for discretionary/chart trading, mainly because I find the rendering a little awkward. I don't trade manually, so it is not a huge deal. It may be how I'm using it. Still, the trading interface is pretty decent.

I like Sierra Chart for chart analysis and @snax seems to like it for trading (he recently started using it).

I hope this helps.

Thanks a lot, yes I forgot to mention that I also used TS in the past, I tried it in sim for a couple of months, it was nightmare. TS was crashing at least twice per day.... I was having anger attacks. Jajaja
Sierrachart has never crashed in the last 3 years, but to build a system it's quite complicated, unless you want to code in C++.

Just to let you know, in Italy there is a famous trader who won the Larry trading championship (also known as Robin cup) 5 times. He uses Multicharts.


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  #23 (permalink)
 
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 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
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SBtrader82 View Post
Just to let you know, in Italy there is a famous trader who won the Larry trading championship (also known as Robin cup) 5 times. He uses Multicharts.

Thanks, that is interesting to know. I'm guessing you are referring to Andrea Unger. His book on money management is being published in English in June, by Wiley.

~vmodus

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  #24 (permalink)
 
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Yes exactly, I am referring to Andrea Unger. Yes he is 100% systematic and for sure is a good guide for that.
Let me know what you think of his book. I read some pages of it that I found online and it looked interesting.

Have you ever considered using Matlab and Simulink? I code a lot in matlab and you can interface it with Interactive Brokers.
I never tried but I plan to do it in the future.

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  #25 (permalink)
 tr8er 
Europe
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Really? Andrea switched to MC? He used TradeNavigator for a very long time .

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  #26 (permalink)
thoughtful
Klamath Falls OR
 
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I switched from TS to MC. TS has alot of design flaws and some bugs, but it was workable, as I don't use any fancy features. I really wanted to be a loyal customer with TS, but then I had major problems: sometimes the data wouldn't load at all, and it would never save any data anymore (it used to) so everytime I opened the program it would have to reload all data, and it would tell me I needed an update even though I did not. Even uninstalling it (and manually deleting all leftover files and registry entries with "CCleaner") did not fix the problems. I contacted tech support, it takes them a few days to get back to me, then whenever they called it was too early in the morning (I was still sleeping), and they never answer the phone when I call them (terminal hold), so I never got to talk to anyone on the phone, so I just had to give up on them.

I also started worrying about the TS company itself because, they didn't fix any of the bugs I reported, and some others in their forum website said the same thing. And the last time I checked (2019) they were working on a new version, which they tell all new customers to use, but it's not even ready for beta-test yet. I know this because I started with their "new" version, and it was terrible, and more bugs started appearing so I installed their "old" version instead and used that which was fine for a long time (until the above mentioned problems started happening).

So MC has been a HUGE relief for me, although I went through ~3 months trying to get Rithmic data working (with my broker and MC support) to no avail, but thankfully CQG data has been working fine, so I've been using that. MC has a couple design oddities, but it's not broken, just a couple goofy things, like where you setup which type of chart to use (time, tick, volume, or range, etc) -- it's unintuitive. MC also has alot of minor bugs I've noticed, but I'm starting to report them, so hopefully they'll fix them, at least they are minor bugs. Although their latest version (14) seems to have some major bugs, but again, I'm working with them on one as of this writing, so I'm sure they'll fix that.

It seems like MC basically started with a TS foundation/code but revamped just about everything. It seems all the bad stuff from TS was removed or fixed. For example, TS's chart trader sidebar was horrendously bad designed and didn't work well, MC redid that much better. And TS wouldn't show order markers/arrows on your charts, but MC fixed that too. All sorts of TS problems -- gone or fixed. The easylanguage seems to be the same though, although I noticed MC improved on the code for plotting trendlines (they made it super easy to use), also MC's editor has a nice categorized list of all the easylanguage commands (which is very helpful). I actually learned how to code in NinjaTrader, but I still like using MC's easylanguage better.

BTW, MC has a nice "global crosshairs" cursor, whereby when you turn it on, wherever you click on your chart, it'll aligns all other charts (on that workspace) to the same time & price, so it makes it super easy to compare something on one chart to another -- I use it all the time. It's got a little minor bug that shows up now & then but I'm going to tell them about it soon so I assume they'll fix that.

So, I'm just thankful to have found anything that even works. IMO the trading software industry is not very polished / professional. I will say that NinjaTrader 8 looks pretty good to me though -- I tried their demo, but I decided to buy MC instead because I don't like how NinjaTrader has no "wrapper" for all the chart windows etc -- so if you minimize NT to get to your desktop to use another application, when you go to restore NT you can't -- you have to restore each chart/etc window separately -- I think they were nuts to make it like that -- that's my biggest gripe. Windows 10 apparently has a way to restore all the windows, but I don't use Windows 10, and hope I never have to. Also the NT8 builtin editor has alot of annoying bugs. MC does also though. TS's editor was perfect. NT8 programming script is harder to learn than easylanguage, but I did actually learn how to use it -- looking at builtin indicator code helped alot. I think NT8 dropped the ball a little bit on their script because I noticed a couple lacking areas, but no big deal I guess. I had some issues learning how to code with their demo, but I must say NT8's tech support was always fast to respond. NT8 does alot of things right, and keeps things simple, so congrats to them for their smart programmers, although their order placement system is a fairly lame design. I really wanted to buy NT8, but again, those "free floating" windows really drive me nuts. Maybe someday if they ever fix that, I'll consider buying their product.

I tried Sierra Chart's demo. I had high hopes, I love how they keep their install simple and try to avoid using bloated/buggy Windows code-components. But it's not very user friendly due to having tons of options all crammed into the same properties windows/tabs, with no explanation labels/tooltips, when most of the options could be put in an "advanced" section, so it confuses you right off the bat. And I couldn't get the data working, their own data provider is used in the demo, and that didn't work, plus more oddities I thought were bugs. I thought it was an extremely poor demo to give potential customers. So I just gave up on them. Maybe someday they'll polish up their product and get their data working reliably without any hassle. If they did that, I'd consider them.

Sidenote on Windows 10: I tried Windows 10 and it was a nightmare -- it was preinstalled on my brand new computer and it was severely broken after 1 week with very little use... there's so many insane design flaws too such as the horrible main menu. I'm a programmer and have been working with Windows for many years, and I can speak for 99% of all programmers -- we all HATE Windows. I actually use Linux for my personal computer, I only use Windows for my trading computer because I have to. Windows 3.11 (early 1990's) was awesome, that was the pinnacle of Windows. After that it went downhill and they made the "registry" which is completely stupid. And Windows is constantly running your harddrive (what is it doing all the time?! -- that's very suspicious!!!), and it self destructs over time, etc etc, lets all just admit it -- it's GARBAGE, from a company who's owner is pure evil (IMO). IDK what I'm going to do if the day ever comes when I can't use Win 7 anymore... I have a Win 10 license that came with my brand new computer but since I installed Win 7 on it, now the Win 10 is gone so IDK if I still have that license key, plus when you buy a new computer you don't get any install disks, so that's quite a ripoff. I think MysterShaft should refund everyones money for at least the past 3 versions. I think a special global task force should revamp Linux to make it as easy to install & uninstall apps like Windows 3.11 used to be, and then make that a world standard open-source free operating system, and MysteryShaft should be banned from making anymore software.

Anyways, so I'm keeping my fingers crossed, hoping MC will keep their product working for a long time.

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  #27 (permalink)
 
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 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
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SBtrader82 View Post
Yes exactly, I am referring to Andrea Unger. Yes he is 100% systematic and for sure is a good guide for that.
Let me know what you think of his book. I read some pages of it that I found online and it looked interesting.

Have you ever considered using Matlab and Simulink? I code a lot in matlab and you can interface it with Interactive Brokers.
I never tried but I plan to do it in the future.

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No. For now EasyLanguage and PowerLanguage are sufficient on my platforms. I get my expected outcomes. I would only learn another platform, especially a math/engineering heavy one like Matlab, for academic purposes.

~vmodus

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  #28 (permalink)
 
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vmodus View Post
No. For now EasyLanguage and PowerLanguage are sufficient on my platforms. I get my expected outcomes. I would only learn another platform, especially a math/engineering heavy one like Matlab, for academic purposes.

don't think that Matlab is difficult, it is a lot easier than many programming languages. Honestly I think that it is easier than most of the EasyLanguages that come with platforms.
Matlab is built around matrices and arrays and you can do whatever you want with them BUT if you want to make some experiments to understand markets or probabilities, you won't need them.
For example I built a small simulator to understand risk reward and for that purpose Matlab is even easier than excel.

By the way there is an open source version of Matlab which works almost exactly the same and it is called SciLab. I use that because Matlab is very expensive.
You just gave me an idea, I could make a video for Futures.io users who think that Matlab is difficult and I could explain them how to make some experiments. What do you think?

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  #29 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
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Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
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SBtrader82 View Post
You just gave me an idea, I could make a video for Futures.io users who think that Matlab is difficult and I could explain them how to make some experiments. What do you think?

Thanks for sharing your knowledge. Personally, I think a video would be great. You may want to contact one of the moderators to see how to best approach this.

~vmodus

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  #30 (permalink)
 
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I think I will just make a very easy video on youTube, I am not an expert on Matlab and I never tried Simulink but I think that if someone wants to make some easy experiments just to understand the math behind risk reward etc... maybe it's useful.
I will think about it

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