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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)
Elite Member
Seattle, Washington
 
Futures Experience: Intermediate
Platform: Sierra Chart/SC Data
Broker/Data: Interactive Brokers
Favorite Futures: NQ
 
Gedman's Avatar
 
Posts: 48 since Jan 2012
Thanks: 23 given, 19 received

Interested In Opinions of Sierra Chart Users Who Switched From Multicharts

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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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)
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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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Manta, Ecuador
 
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I'll be happy to answer specific questions.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #5 (permalink)
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Futures Experience: Intermediate
Platform: Sierra Chart/SC Data
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Posts: 48 since Jan 2012
Thanks: 23 given, 19 received

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)
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Germany
 
Futures Experience: Intermediate
Platform: Sierra Chart, MetaTrader
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MCDT and Sierra Chart

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)
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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)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: Sierra Chart, MetaTrader
Broker/Data: OEC/Gain, Oanda
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Posts: 166 since Dec 2009
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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)
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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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Futures Experience: Intermediate
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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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