Do You Suggest to Buy Multicharts Adds-on ASP and Backtesting Edition (BTE)? - futures io
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Do You Suggest to Buy Multicharts Adds-on ASP and Backtesting Edition (BTE)?


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Do You Suggest to Buy Multicharts Adds-on ASP and Backtesting Edition (BTE)?

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  #1 (permalink)
swsxty
Dallas USA
 
 
Posts: 2 since Jun 2022
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Hi All,
I am trading manually now using Thinkorswim and plan to switch to automated trading this summer. After some studies, I found that Multicharts can be a good platform to use. I read many posts in the forum, and they are really helpful for me to make decisions.

Here I did not see the discussion on Advanced Strategy Pack (ASP) and Backtesting Edition (BTE). So I wonder if you all buy the ASP and BTE. The ASP is $500 and BTE is $750. They are both expensive. From the MC website, it shows some of the key features of ASP are 1) Portfolio Trader 2) Self-Adaptive Trading 3) Fast Automated Order Execution Switch, 4) Walk-Forward Optimization, 5)Strategy Orders Monitor, 6) Historical Data Downloader with Scheduler, 7) Volume Profile Drawing, 8) Matrix Optimization.

The BTE is to "Get an offline license with all the tools necessary for strategy development, backtesting, and optimization, including 1) Access to historical data, 2) Backtesting and Optimization on charts and in Portfolio Trader, 3) Historical Data Downloader with Scheduler."

So if I want to make extensive backtesting using historical data and perform automated trading using my strategies, it seems like I have to buy both ASP and BTE. The total price will be $2747 with ASP and BTE. This is pretty high. But in the previous posts, I did not see discussions on this, and many people just mention the lifetime license. As a beginner on MC, I hope to get your help on the purchase options. If ASP and BTE are necessary to make backtesting and automated trading? Thanks a lot!

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 ABCTG   is a Vendor
 
 
Posts: 2,327 since Apr 2013
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Hi swsxty,

welcome to futures.io.

You can do backtesting and automated trading with the standard license, the ASP just adds additional options. If you need them personally is something only you can tell for sure. As far as I am aware you can also add packages later if you start with the regular license first and feel you are missing a feature, although this might be more expensive than a package deal.

The BTE as I understand is basically a second license that will not work with realtime data. The idea is that you could use your regular license to trade live and the BTE on a second computer for development or testing.

Regards,

ABCTG

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  #3 (permalink)
swsxty
Dallas USA
 
 
Posts: 2 since Jun 2022
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Thanks a lot, ABCTG!

For Backtesting, much of the work can be done offline, for example using the data in the past 10-20 years. Then we can backtest it in real-time and see if it works as expected. For the standard license, if it only can backtest with limited historical data and mostly used for real-time testing? For example, from the MC website the Data Feed page, the Tradestation provides "minute bars 20 years back, daily bars 45 years back". If I want to backtest a strategy using Tradstation data minute data of the past 20 years, then can we do the backtesting using the standard license?

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Last Updated on June 24, 2022


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