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Multicharts .NET vs Sierra Chart: for auto-trading?
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Multicharts .NET vs Sierra Chart: for auto-trading?

  #1 (permalink)
Elite Member
Paris + France
Futures Experience: Beginner
Platform: Metatrader & OEC Trader
Favorite Futures: Gold GC
Posts: 12 since Jan 2016
Thanks: 1 given, 4 received

Multicharts .NET vs Sierra Chart: for auto-trading?


I have been trading Forex with Metatrader 4 and 5 for a while and now I decided to move to Futures because of transparency and liquidity in certain contracts.
I will most probably open an account with AMP Futures that offers both Sierra Chart and Multicharts .NET for free.

But I know I would have to convert all my EA to each different platform.

So, I would like to ask people who have experience with one or other platform about their auto trading capabilities.
I have been playing with Multicharts Trial, and it looks nice. But I noticed the tick by tick backtest can be tricky.
For example, whenever I use Bid and Ask tick, I feel like the backtests become over pessimistic.
Also, the Portfolio Tradrer is great, but it doesn't seem to support tick by tick backtest.

How would Sierra Chart compare to this?

Also in terms of converting an EA/signal already coded in MQL4 for example, which platform language is easier and more robust? MC .NET or SC ACSIL? Which advantages do you see on those programming languages?

If you have nice comparison examples, specially concerning the auto-trading functionalities, and programming issues, it would be great to hear from you.

Best regards

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Vancouver + Canada
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: CL ZB GC
Posts: 52 since Apr 2015
Thanks: 817 given, 91 received

Multicharts is resource intensive

I have switched from Multicharts to Sierra as sierra is a less demanding program on the system.

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  #4 (permalink)
Trading Apprentice
Surrey - UK
Futures Experience: Intermediate
Favorite Futures: Futures / Options
Posts: 41 since Sep 2015
Thanks: 12 given, 6 received

whats best ?

I'm interested to hear more about vs Sierra Chart

Any real world deep experience using both?

I use but open minded what's best eg secure and fastest !

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  #5 (permalink)
Trading Apprentice
atlanta, Ga
Futures Experience: Advanced
Platform: ninjatrader , Sierra, TOS
Broker/Data: Amp, IB, TDA, MBt
Favorite Futures: CL , NQ, YM, 6e
Posts: 2 since May 2011
Thanks: 2 given, 3 received

Sierra Chart is 100 times better than Multichart

I use both Multichart and Sierra Chart. I am a commodity day trader use CQG data feed. I donot use propitiatory indicators. I use only multichart DOM window to execute orders. But I follow sierra chart and practice replay market after hours.
The only part convinced me is the multichart DOM window. better than Sierra Chart.
(a) Sierra chart has a global crosshair option whereas Multichart offers a little insect size cross hair hard to relate data in the chart candles or bars.
(b) replay back is very fast, organized, flexible and super configurable than multichart.
(c) Multichart and ninja both uses C# language to write indicators, alerts and strategies. Ninja is much smoother than multichart. IF I have to code indicator I will invest time and learn Sierra chart C++ programming.
(d) Loading charts in sierra is lightening fast, Multichart crawls.
(e) Sierra chart supports template and copying/duplicate charts, multichart only offers template on studies.
(f) Overall Sierra chart is more object oriented, user friendly and on the other side multichart is messy and cluttered.

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