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Anyone switch from TradeStation to MultiCharts?


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Anyone switch from TradeStation to MultiCharts?

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  #31 (permalink)
 leescharf 
New York, NY
 
Experience: Beginner
Platform: TradeStation
Trading: Futures
 
Posts: 17 since Aug 2020
Thanks: 4 given, 8 received

Can you also use your TS brokerage account with MC?

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  #32 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
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tr8er View Post
Really? Andrea switched to MC? He used TradeNavigator for a very long time .

yes, this is what I understood from a video in his channel called "Trading Sistematico o Automatico: Metatrader o Multicharts?". He debates whether you should be using metatrader or multichart and he explains why he is using Multichart.
Honestly I have a completely different approach since he is a systematic trader while I am completely discretionary, so I don't know much about his system, however he looks like a serious person so I would like to use the same platform he uses, if I were systematic.

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  #33 (permalink)
 kevinkdog   is a Vendor
 
 
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SBtrader82 View Post
yes, this is what I understood from a video in his channel called "Trading Sistematico o Automatico: Metatrader o Multicharts?". He debates whether you should be using metatrader or multichart and he explains why he is using Multichart.
Honestly I have a completely different approach since he is a systematic trader while I am completely discretionary, so I don't know much about his system, however he looks like a serious person so I would like to use the same platform he uses, if I were systematic.

Last time I talked to him he was using Trade Navigator, Tradestation and Multicharts.

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  #34 (permalink)
 leescharf 
New York, NY
 
Experience: Beginner
Platform: TradeStation
Trading: Futures
 
Posts: 17 since Aug 2020
Thanks: 4 given, 8 received


leescharf View Post
Can you also use your TS brokerage account with MC?

You cannot use your TS brokerage... only data. BUT not Level 2 data... that has to come directly from your broker.

That said... I am now in the process of switching from TS to MC. Looking for a broker recommend! IB? Rithmic?

TIA!

-Lee S.

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  #35 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
 
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leescharf View Post
You cannot use your TS brokerage... only data. BUT not Level 2 data... that has to come directly from your broker.

That said... I am now in the process of switching from TS to MC. Looking for a broker recommend! IB? Rithmic?

TIA!

-Lee S.

We looked into IB for forex and futures, but their application process was a nightmare, from our limited experience. After about 2 weeks (and finally getting approved) we decided to stay with TS Securities for futures and went with OANDA for forex. This was about six months ago, when they were getting buried in new applications, like many other brokers at the time. We also had pretty flaky data connections with them, losing connection multiple times throughout the day, every day. As an automated trader, this was unacceptable.

We trade business accounts, so it might be different for personal accounts. Try out their demo system first and be ready for a lot of friction in getting your account setup.

~vmodus

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  #36 (permalink)
 leescharf 
New York, NY
 
Experience: Beginner
Platform: TradeStation
Trading: Futures
 
Posts: 17 since Aug 2020
Thanks: 4 given, 8 received


vmodus View Post
We looked into IB for forex and futures, but their application process was a nightmare, from our limited experience. After about 2 weeks (and finally getting approved) we decided to stay with TS Securities for futures and went with OANDA for forex. This was about six months ago, when they were getting buried in new applications, like many other brokers at the time. We also had pretty flaky data connections with them, losing connection multiple times throughout the day, every day. As an automated trader, this was unacceptable.

We trade business accounts, so it might be different for personal accounts. Try out their demo system first and be ready for a lot of friction in getting your account setup.

Thanks vmodus... but I am switching to MultiCharts and can't use TS as a broker.

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  #37 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
 
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leescharf View Post
Thanks vmodus... but I am switching to MultiCharts and can't use TS as a broker.

That is great! MC is a much better platform, at least for my type of trading, than TS. I'm sure it will work well for you. Good luck finding a good broker!

~vmodus

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  #38 (permalink)
Labe
Toronto, Canada
 
 
Posts: 13 since Oct 2020
Thanks: 0 given, 8 received

Personally recommend switching plus TS can just get buggy to death at times

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  #39 (permalink)
James11
San Francisco CA USA
 
 
Posts: 6 since Jul 2020
Thanks: 1 given, 3 received

I too find TS very buggy and quite frankly ancient in regards to their system structure and lacking of newer features many other platforms are offering.

This is a great thread.

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  #40 (permalink)
 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
 
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Posts: 116 since Jun 2020
Thanks: 69 given, 155 received


Made the switch for backtesting and holy cow, what a difference! What took 4-5 days to backtest in TS took 17 hrs in MC. Will pay for itself tenfold in developing ideas. Some aspects of MC Portfolio Trader are not as useful as TS Portfolio Maestro, but it might just be me getting used to it. I am not a fan of how MC handles custom symbol lists but I am making it work. The possibility of custom fitness functions in MC has opened up a whole new world for testing.

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