MultiCharts

Overview and Key Benefits

MultiCharts is an award-winning trading platform designed for charting, backtesting, and multi-broker automated trading. It offers a comprehensive suite of tools for both day traders and long-term investors, including high-definition charting, built-in indicators and strategies, one-click trading from chart and DOM, high-precision backtesting, brute-force and genetic optimization, automated execution, and support for EasyLanguage scripts. The platform's key benefits include its flexibility in choosing data feeds and brokers, powerful analytical capabilities, and robust automation features.

Features and Functionalities

• High-definition charting with multiple data series and resolutions
• Built-in indicators and strategies with EasyLanguage compatibility
• One-click trading from chart and Depth of Market (DOM)
• High-precision backtesting with consideration for liquidity and tick data
• Brute-force and genetic optimization for strategy development
• Automated execution across multiple brokers
• Support for EasyLanguage scripts and custom indicators
• Real-time market scanner for opportunity identification
• Portfolio backtesting and automated trading
• Volume analysis tools including Volume Profile and Time Price Opportunity (TPO)

Competitive Advantages

MultiCharts stands out with its EasyLanguage compatibility, allowing users to import and use a vast library of existing trading scripts. The platform's ability to combine historical and real-time data from different feeds in one chart provides a unique advantage for comprehensive analysis. Additionally, the Portfolio Trader feature for backtesting and automating entire portfolios sets MultiCharts apart from many competitors.

User Experience and Interface

MultiCharts offers an intuitive, object-oriented user interface that is accessible to beginners while providing advanced features for experienced users. The platform allows for extensive customization of charts, from overall appearance to minute details. MultiCharts provides various tutorials and video guides to help users get started and master its features.

Customization and Flexibility

Users can customize almost every aspect of MultiCharts, from chart appearance to indicator parameters. The platform supports custom resolutions, multiple data series on a single chart, and the ability to create custom indicators and strategies using EasyLanguage or PowerLanguage. MultiCharts also offers Software Development Kits (SDKs) for connecting third-party data feeds and order routing systems.

Integration and Compatibility

MultiCharts works with over 30 brokers and data feeds, giving users complete flexibility in trading. The platform supports various financial instruments, including stocks, futures, and forex. It is compatible with Windows operating systems and offers both 32-bit and 64-bit versions. MultiCharts integrates with popular data providers such as Interactive Brokers, TD Ameritrade, and CQG, among others.

Pricing and Value Proposition

MultiCharts offers a lifetime license for $1,497. This includes access to all features of the platform, including the powerful simulation mode with data included out of the box. The company also provides a free trial, allowing users to test the platform's capabilities before making a purchase decision.

Performance and Reliability

MultiCharts is built on a multi-threaded architecture that efficiently utilizes multi-core processors, resulting in fast optimization and backtesting speeds. The 64-bit version allows for handling large amounts of data, limited only by the computer's memory. The platform's automated trading features are designed for stability and can operate without constant monitoring.

Comparative Analysis

Compared to other platforms, MultiCharts offers superior flexibility in data feed and broker choices. Its EasyLanguage compatibility gives it an edge for users transitioning from other platforms. The Portfolio Trader feature for advanced portfolio backtesting and automation is a standout feature not commonly found in competing products.

Suitability for Different User Segments

MultiCharts caters to a wide range of users, from individual day traders to institutional investors. Its advanced features like Portfolio Trader and custom strategy development make it suitable for quantitative analysts and algo traders. The platform's extensive charting capabilities and technical analysis tools also make it valuable for discretionary traders and technical analysts.

Community and Support

MultiCharts provides comprehensive customer support, including email, live chat, and phone support. The company maintains a discussion forum where users can share ideas and seek help. Additionally, MultiCharts offers extensive documentation, video tutorials, and a wiki to help users navigate the platform's features.