All the things that are wrong with Multicharts

Stan_MultiCharts · Feb 28, 2013

NoBias,

Thank you for your feedback.

Could you please reply to my comment regarding Axis Scaling also. When I contacted MC, I was told I needed to change the parameters in QuoteManager, unfortunately this would also affect Charting and is not a viable option as it distorts technical analysis.

We plan to implement this feature in the future.

Regarding Time & Sales: MC stated later this year. Confirmation or update would also be appreciated.

Time & Sales should be available in MultiCharts in about 3 months.

hektor,

it would be nice if we can type in the timeframe for each function or indicator.
Ie. to calculate a 5 minute average on a 233 tick chart something like
value1 = averageHT (Close,length, "5 min",symbol);

Thank you for your suggestion. We will consider it for the future implementation.

LifeOfTheMind · Feb 28, 2013

This also illustrates a great strength of MultiCharts...fabulous responsiveness from the developers

syswizard · Feb 28, 2013

Quote from LifeOfTheMind:

This also illustrates a great strength of MultiCharts...fabulous responsiveness from the developers

Agreed. Also, the OP didn't seem to be much of a programmer. To get all of the power out of a platform like this, you have to be knowledgeable in Easy/Power Language.
And professional programmers can now build with the dot-net version of the platform.

bullnbear · Nov 5, 2013

I have been using MC for about a year now and must say it's superb for my uses.

Also have been impressed with their support and have had remote connections solving my issues within minutes.

I can't see me using any other trading software in the future unless something majorly goes wrong with MC.

If you're in the market(!) for new trading software, then I recommend it.

[No affiliation with MC]

gmst · Nov 5, 2013

Quote from bullnbear:

I have been using MC for about a year now and must say it's superb for my uses.

Also have been impressed with their support and have had remote connections solving my issues within minutes.

I can't see me using any other trading software in the future unless something majorly goes wrong with MC.

If you're in the market(!) for new trading software, then I recommend it.

[No affiliation with MC]

Thanks for putting in your recommendation. Agreed, indeed MC is a good trading software offering, their customer service is pretty good.

MC Team: Wanted to let you know that I will come back in Feb 2014 and do a 1 year-on-year review of what all you have accomplished from my first post above and what all shortcomings in the software remain.

P.S. I have been very impressed with Amibroker, and I did a thread on it. This is my impression that MC team currently has a much better and impressive marketing strategy than Amibroker, however it will be much much better if MC can match Amibroker in terms of functionality/feature-set as well. That will make MC one of the best trading software in the market.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=267969

FundOperator · Nov 5, 2013

Quote from bullnbear:

I have been using MC for about a year now and must say it's superb for my uses.

Also have been impressed with their support and have had remote connections solving my issues within minutes.

I can't see me using any other trading software in the future unless something majorly goes wrong with MC.

If you're in the market(!) for new trading software, then I recommend it.

[No affiliation with MC]

Do the remote connections give you some pause?

I use MultiCharts and have for over 7 years but will never let them into my systems where my proprietary algorithms and data reside. That's not being paranoid. I've had more reputable companies try to extract data from my HDs. Rather to be safe than sorry.

Sergio77 · Nov 7, 2013

Quote from FundOperator:

I've had more reputable companies try to extract data from my HDs. Rather to be safe than sorry.

Any way of checking this real-time?

EliteTraderNYC · Nov 7, 2013

Hi, can you compare Multicharts with Ninjatrader?

failed_trad3r · Nov 8, 2013

Quote from FundOperator:

Do the remote connections give you some pause?

I use MultiCharts and have for over 7 years but will never let them into my systems where my proprietary algorithms and data reside. That's not being paranoid. I've had more reputable companies try to extract data from my HDs. Rather to be safe than sorry.

Why the paranoia? Anytime you use a program to backtest or trade, they can steal something. You might as well never use an off the shelf program.

gmst · Nov 8, 2013

Quote from EliteTraderNYC:

Hi, can you compare Multicharts with Ninjatrader?

I suggest you start a new thread to compare MC with NT. That way, both this and the other thread (that you start) will not lose focus, and hopefully we will get a good discussion going.

I will try to contribute on the other thread, however I have never used NT, so my inputs will be sparse at best. Multi-broker version of NT is 1497$ and MC supports multi-brokers and costs 1497$. So, price wise there is little to choose between the two.