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Interested In Opinions of Sierra Chart Users Who Switched From Multicharts


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Interested In Opinions of Sierra Chart Users Who Switched From Multicharts

  #1 (permalink)
 
Gedman's Avatar
 Gedman 
Seattle, Washington
 
Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker: Interactive Brokers
Trading: ES
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If you have previously used Multicharts, or are presently using both SC and MC, I would be interested in your observations, thoughts, and experiences, pro and con, regarding the two platforms. (Please indicate MC release used.)

Thanks much,
Ged

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  #2 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Gedman View Post
If you have previously used Multicharts, or are presently using both SC and MC, I would be interested in your observations, thoughts, and experiences, pro and con, regarding the two platforms. (Please indicate MC release used.)

Thanks much,
Ged

I use both Sierra and MultiCharts. If you have specific questions let me know.

Mike

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  #3 (permalink)
 
Gedman's Avatar
 Gedman 
Seattle, Washington
 
Experience: Intermediate
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Big Mike View Post
I use both Sierra and MultiCharts.

Great, just the type of user I'm looking for.

In as much as you use both MC and SC, I expect there are aspects of each platform that you prefer over the other. As well, there may be features one of the platforms provides that the other does not. These types of observations from an experienced user of each platform would be very helpful.

I had a brief demo with SC and I thought it was a nice platform.

I'm trying to become familiar with MC DT, and, again, in many respects it is a very nice program.

I haven't traded live (or even in a paper account) with either. I haven't logged the hours (days/weeks/months) that would enable me to really get a 'feel' for which platform I might ultimately prefer. Comments from traders who have spent considerable time with each will be helpful as I seek to better focus my evaluation of the two platforms.

Thanks much,
Ged

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  #4 (permalink)
 
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 Big Mike 
Manta, Ecuador
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I'll be happy to answer specific questions.

Mike

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  #5 (permalink)
 
Gedman's Avatar
 Gedman 
Seattle, Washington
 
Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker: Interactive Brokers
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Thanks Mike. The fact that, apparently, no differences between the programs stick out to you, may be answer enough.

Best,
Ged

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  #6 (permalink)
 
eboarder's Avatar
 eboarder 
Germany
 
Experience: Intermediate
Platform: Sierra Chart, MetaTrader
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Fist MCDT is free.
Sierra Chart is affordable and includes data backfill (Package 3 $243.36 USD for 1 year)

MCDT - only the included indicators are available
SC - all you need, but programming can be hard

Personally I prefer SC, I like the way SC is customisable and I need the data backfill.

For a beginner MCDT looks like the best alternative. And to switch to SC should not be a problem later.

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  #7 (permalink)
 
Gedman's Avatar
 Gedman 
Seattle, Washington
 
Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker: Interactive Brokers
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eboarder View Post
Personally I prefer SC, I like the way SC is customizable...

Thank you eboarder, good points.

With regard to SC, when you say "customizable" can you give some examples of what you are referring to?

Ged

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  #8 (permalink)
 
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 eboarder 
Germany
 
Experience: Intermediate
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SC - you can edit the colors, fonts, toolbars as you like.
And one more thing is the spreadsheed function, which makes it easy creating an indicator.

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  #9 (permalink)
 rani 
Prague, Czech Republic
 
Experience: Advanced
Platform: AgenaTrader, Track'nTrade
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I've tried most of the platform available. I really like Sierra because it is lightweight, very customizable, there are a lot of studies (indicators) including footprint charts and delta in case that is what you are looking for and it has an excellent support. Sierra works with many brokers and almost all data feeds (except for eSignal) and by saying it works I really mean it does so effectively. It also has great DOM , very good chart trader and its worksheet "Excel like" capability, where you can program many things by yourself. You can run as many Sierra instances (copies) on two computers as well. Last but not least it is being updated regularly and it is usually bug free.
So that deciding between Sierra and Multicharts for Forex or futures trader I'd go with Sierra in a heartbeat.

However I see you are trading stocks mostly. In such a case the result would not be so easy as Multicharts has a very good scanner and portfolio backtesting capabilities.

I think your decision should be based on many factors such as products you trade, broker, data feed, what you expect from the platform, etc. Obviously the best is to get trials and see for yourself.
I will be more than happy to help with any detailed question you may have.

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  #10 (permalink)
 
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 eboarder 
Germany
 
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rani View Post
...
However I see you are trading stocks mostly. In such a case the result would not be so easy as Multicharts has a very good scanner and portfolio backtesting capabilities.

I am not sure if the free version (MC DT) has the backtesting and scanner capabilities.

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