MultiCharts: Trading Software for Automated Trading and Backtesting

Hello,

I just discovered Multicharts and read the internet page dedicated to this soft. I just wanted to ask you "why one should use multicharts"?
I'm a TS user and looking for a new software because TS has, in my opinion, too many restrictions.

Can anybody helps me about that?

What I understood, is that, with multicharts,

one can backtest portfolio
one can plot real time data from other markets than the US ones


What I don't know :
Can we plot multi tick frame bars?


What others advantages do you see in using multicharts?

Thanks.

tredur,

a couple of things I like about MC:

- you can do everything that you can do with TS
- you can buy a lifetime version for a one time fee
- MC is able to use several different data providers
- once strategy trading is fully implemented you can trade your strategies with a broker of your choice
- the data is timestamped down to seconds, thus allowing you to create charts showing more than one tick datastream (impossible in TS, because the data is timestamped with minutes only)
- the support stuff is really responsive to users and there demands

There is a lot more, but these are the key facts I like most.

Chris

Thanks, Chris! By the time Stanley or me get to the forums there's already a detailed answer from you - isn't that a dream Most appreciated.

tredur,

a couple of things I like about MC:

- the data is timestamped down to seconds, thus allowing you to create charts showing more than one tick datastream (impossible in TS, because the data is timestamped with minutes only)

Mc is able to distinguished seconds ?

If i use the time in Powerlanguage, the lowest denomination is in minutes.
Say i use arw_new(date, time..
on a 30 seconds chart it always plots to the minute.

So why do you say it is able to handle seconds ?

thanks

tredur,

a couple of things I like about MC:

- the data is timestamped down to seconds, thus allowing you to create charts showing more than one tick datastream (impossible in TS, because the data is timestamped with minutes only)

Mc is able to distinguished seconds ?

If i use the time in Powerlanguage, the lowest denomination is in minutes.
Say i use arw_new(date, time..
on a 30 seconds chart it always plots to the minute.

So why do you say it is able to handle seconds ?

thanks

Because most of the functions are "duplicated" for special use with seconds.

Those have "_s" behind the regular name.

In your case it's arw_new_s for example.

Chris

tredur,

a couple of things I like about MC:

- the data is timestamped down to seconds, thus allowing you to create charts showing more than one tick datastream (impossible in TS, because the data is timestamped with minutes only)

Mc is able to distinguished seconds ?

If i use the time in Powerlanguage, the lowest denomination is in minutes.
Say i use arw_new(date, time..
on a 30 seconds chart it always plots to the minute.

So why do you say it is able to handle seconds ?

thanks

Because most of the functions are "duplicated" for special use with seconds.

Those have "_s" behind the regular name.

In your case it's arw_new_s for example.

Chris

ic.. thanks Chris

MC... are such features documented somewhere ? If not.. please do.

thanks

The new PowerLanguage documentation is growing together with the language - it's a good thing, but the bad thing is that it's not complete and so far has not been released.
Yes, Chris is right, many functions that reference time have a _s version for working with seconds.

Thank you Chris for you usefull reply! It helps understand better.
So your point is that one can work as he used to do with TS, but with much more advantages. I'm really interested!!!

May I ask some questions?

Can we plot and write studies on multi tick bars?
When you say that the data are second stamped, which data are you talking about? I thought it depends on the data provider.
When we buy MC do we have quotemanager or do we need to buy it separately?


I'm also interested in the others advantages of MC.

Can we plot and write studies on multi tick bars?

Surely, there is nothing special about multiple tick bars in MultiCharts to not allow this.

When you say that the data are second stamped, which data are you talking about? I thought it depends on the data provider.

All data sources provide second stamped data, but not all products make use of seconds - like, for instance, TS.

When we buy MC do we have quotemanager or do we need to buy it separately?

QuoteManager is an integrated componenet of MultiCharts.

The new PowerLanguage documentation is growing together with the language - it's a good thing, but the bad thing is that it's not complete and so far has not been released.
Yes, Chris is right, many functions that reference time have a _s version for working with seconds.

I tried arw_new_s(Date, Time, close,false ), the arrow does not appear on a 30seconds chart.

Can we plot and write studies on multi tick bars?

Surely, there is nothing special about multiple tick bars in MultiCharts to not allow this.

Ok thanks, because on TS it's just impossible to do that, ths is why I asked.

When we buy MC do we have quotemanager or do we need to buy it separately?

QuoteManager is an integrated componenet of MultiCharts.

this tool really seems to be powerfull according to the movies on the website.

MC seems to do the job! Thanks for helping understanding what is MC. Now I'm gonna try it, and surely buy it.

Thanks again.